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Serious executives in a boardroom, with a screen displaying 'DARK PHOENIX' and a financial loss graph on the table.

The last nail in the coffin came when Disney disclosed a $170 million loss in its studio division for the company's third financial quarter, specifically naming Dark Phoenix's poor performance as the main reason for the quarter's weaker-than-expected results. Consequently, Disney moved to gut whatever autonomy Fox had left post-merger, taking a direct role in green-lighting films for the brand and shelving almost every film from the studio in the early stages of development indefinitely. The only films that escaped the purge were those connected to valuable IP (i.e. Avatar, Planet of the Apes, etc.), Fox Searchlight fare and those that Disney chose to move to other brands in their portfolio. Ver mais

#business #corporate #finance

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