During Disney’s earning call yesterday they had announced that it was bad news for Fox’s development slate. The studio saw a $170 million operating loss in the third quarter.
In a report from Variety, Disney CEO Bob Iger announced some major changes are on the way. He seemed positive that they could turn things around with Fox, especially now that they have access to properties like X-Men coming to the MCU under Kevin Feige, Dark Phoenix‘s lackluster performance at the box office was cited as a big reason for the losses noted.
“One of the biggest issues was the Fox studio performance which was well below where it had been and well below where we hoped it would be when we made the acquisition,” Iger said, before revealing that the majority of Fox’s in-development movies would be getting the axe, and that they’d be taking things “in a new direction, with an all new development slate that will focus on a select group of properties.”
The report also states James Cameron’s sequels to Avatar will proceed, as well as a continuation of the Planet of the Apes series.
It is unclear if the new Apes film will be a spinoff to the Andy Serkis led series that ended in 2017 with War For The Planet Of The Apes, or if the studio will reboot altogether.