By Reed Richardson / March 24, 2019

First Disney-Fox Merger Casualty: Fox 2000 Studio to Close Down

The mid-budget label had scored big successes like "The Devil Wears Prada" and "Life of Pi."

Janelle Monáe (far left), Taraji P. Henson (2nd from left), Kevin Costner (2nd from right), and Octavia Spencer on the red carpet for the global celebration of the film "Hidden Figures" at the SVA Theatre, Saturday, Dec. 10, 2016 in New York City. "Hidden Figures"was nominated for three Academy Awards and was one of many notable successes from the Fox 2000 label that will be shut down in the wake of the Fox-Disney merger.
Janelle Monáe (far left), Taraji P. Henson (2nd from left), Kevin Costner (2nd from right), and Octavia Spencer on the red carpet for the global celebration of the film "Hidden Figures" at the SVA Theatre, Saturday, Dec. 10, 2016 in New York City. "Hidden Figures"was nominated for three Academy Awards and was one of many notable successes from the Fox 2000 label that will be shut down in the wake of the Fox-Disney merger.

According to The Hollywood Reporter, the first casualty of the $71.3 billion merger between Fox and Disney will be the Fox 2000 label run by Elizabeth Gabler.

This move comes as a surprise, since the mid-budget division had scored numerous critical and box office successes, among them: The Devil Wears Prada, Walk the Line, Life of Pi, and Hidden Figures. Created 20 years ago, Fox 2000 had carved out a niche of making movies with crossover appeal to both men and women. But according to THR, Disney executives saw the label as being redundant and having too much overlap with other studios in the new corporate family, like Fox Searchlight Pictures.

The Fox-Disney merger was only formally completed on Wednesday. But prior to the official takeover, Disney had announced it was looking to rim $2 billion from its film production staff budget by 2021. Though many in Gabler’s team have already been laid off, it’s not clear what will happen with Gabler and whether she will find another home in the new Disney family.

Daily Brief

15 Things to Know Today, from RealClearLife

April 23, 2019 April 22, 2019