Disney Cashes in on Fox Acquisition at Oscars

by Ray Keating

News/Analysis

DisneyBizJournal.com

January 14, 2020

The Walt Disney Company has cashed in nicely on its Fox acquisition in terms of Oscar nominations.

The battle between Hollywood titans – new and long established – was on display with the announcement of Oscar nominations, as Netflix – the new in Hollywood – garnered 24 nominations, and Disney – the long-established in Hollywood – came in number two with 23 nominations. One gets the feeling that the Netflix-vs.-Disney battle will be playing out in all kinds of ways for years to come, from the number of streaming subscribers to the luring of talent to the number of award nominations and wins. Although innovation and technology offer no guarantees to either Netflix or Disney.

As for Disney’s nominations, key big ones were thanks to Fox. For example, Disney’s two Best Picture nominees were both Fox products – Ford v Ferrari and JoJo Rabbit. (Check out our review of Ford v Ferrari in which we concluded: “Perhaps there will be some nominations at Oscar time that will give this worthy movie an extra boost at the box office.”) Scarlett Johansson also earned one of her two actress nominations for Jojo Rabbit. 

In total, Ford v Ferrari earned four nominations, and Jojo Rabbit came in with six. Toss in a nomination for sound mixing for Ad Astra (see our review of this solid film), and one for original song for Breakthrough, and 12 of the Disney nominations came thanks to Fox.

Among other notables, John Williams’ score for Star Wars: The Rise of Skywalker received a nomination, and Toy Story 4was nominated for best animated feature (see our review for a different take on Toy Story 4). For good measure, Avengers Endgame, Star Wars: The Rise of Skywalker, and The Lion King were all nominated for best visual effects.

Stay tuned. We’ll have more to say on Endgame in the next DisneyBizJournal piece on the Oscars.

The Oscars will be awarded on Sunday evening, February 9^th.

Ray Keating is the editor, publisher and economist for DisneyBizJournal.com, and author of The Disney Planner 2020: The TO DO List Solution and the Pastor Stephen Grant novels. He can be contacted at  raykeating@keatingreports.com.

Ad Astra: Solid Movie, Poor Box Office

by Ray Keating

Review

DisneyBizJournal.com

September 28, 2019

DisneyBizJournal.com Movie Rating: 4 stars out of 5

DisneyBizJournal.com Box Office Rating:  $ out of $$$$

Ad Astra, one of the films passed to Disney via the Fox acquisition, is the space sci-fi version of Field of Dreams.What do I mean? 

Well, on the surface level, one would say that Field of Dreams is a baseball movie. But in reality, baseball is used to tell a father-son story.

Likewise, on the surface, Ad Astra is a space movie. And on that level, it’s well done. No, it definitely isn’t anything like Star Wars or that type of pacing, but instead it has much in common with The Martian and, even more so, the space biopic First Man. 

Brad Pitt brings a reflective gravitas and depth to the role of astronaut Roy McBride. It’s arguably one of Pitt’s best performances in a career that continues to grow in stature, including his Cliff Booth in Once Upon a Time ... in Hollywood this year as well.

In the end, though, Ad Astra turns out to be a father-son story, and one that’s very different from the aforementioned Field of Dreams. This develops into a story of a son trying not to be like his father, and a man wrestling with what’s truly important – that is, what ultimately matters – in life and what doesn’t. It’s about deciding to share one’s life with loved ones or not.

The Box Office

Unfortunately, Ad Astra seems to falling into the classification of a well-done film that struggles at the box office.

It’s been reported that the production budget for Ad Astra was $80 million, with some saying it was pushed up to $100 million with reshoots. Meanwhile, BoxOfficeMojo.com reports that Ad Astra, from its opening on September 20 through September 27, earned $55 million globally. While it still has not opened everywhere internationally as yet, such as China still to come, it’s hard to see this film registering a profit.

Ad Astra and Brad Pitt deserve better than what this movie apparently will achieve at the box office.

Ray Keating is the editor, publisher and economist for DisneyBizJournal.com, and author of the Pastor Stephen Grant novels. He can be contacted at  raykeating@keatingreports.com.

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Disney’s Purchase of Fox a Decision for the Long Run, Not a Short-Term Hit

by Ray Keating

Analysis

DisneyBizJournal.com

June 10, 2019

Accusations of businesses looking only at the short run usually are hurled by politicians, who, of course, specialize in short-run decisions. In reality, business owners and CEOs make decisions for a wide variety of reasons, and few, if any, are about trying to get a short-term kick at the expense of long-run well-being. 

The latest example is the purchase of Fox by Disney. We’re seeing via the box office that this acquisition wasn’t about boosting Disney’s bottom line in the short term.

When talking about 2019 Disney movies that were in the Disney column prior to the Fox merger, the House of Mouse is looking good in the short run, and for further building its brand and bottom line over the long haul. Disney is three for four so far, with the box office hits being Captain Marvel  (global gross of $1.13 billion), Avengers: Endgame ($2.73 billion, so far) and Aladdin ($607.6 million, so far), with Dumbo ($350.6 million) being the miss.

And it’s hard to see a miss coming among the pre-Fox-merger Disney line-up, with Toy Story 4, The Lion King, Maleficent: Mistress of Evil, Frozen II and Star Wars: The Rise of Skywalker on the way through the end of the year.

However, the 20^th Century Fox movies being released post-merger with Disney is a different story. Breakthrough offered a nice return with a box office take at $50.2 million on only a $14 million production budget. But it got ugly with the next two films. 

The botched Tolkien movie didn’t appeal to Tolkien fans, and hence it made a measly $7.7 million. 

And then there’s Dark Phoenix, the X-Men movie that just opened on June 7. It took in only $32.8 million domestically in its opening weekend, and a total global take of $136.6 million. Oh yes, and critics hate it, and audiences are less than pleased. With an enormous budget – widely reported at $200 million – Dark Phoenix is on its way to being a big box office bomb.

And the remaining Fox releases for 2019 look like a mixed bag. And while no one knows in the movie business what will hit and what will miss until the lights go down for audiences, the keys appear to be Ad Astra, Terminator: Dark Fate, Ford v. Ferrari and Spies in Disguise.

Ad Astra and Ford v. Ferrari particularly look intriguing. But we’ll have to see.

The sure bet, if you will, for Disney with the Fox deal was the acquisition of a wide assortment of IP that Disney will use, such as for its streaming service Disney+, and build on as well. For example, with Fox never having done anything well with the Fantastic Four and ending its X-Men run with two busts (Dark Phoenix and X-Men: Apocalypse) – while Logan was quite good, I’m not sure what to do with Deadpool, and who knows what will happen with The New Mutants – it will be Disney’s turn with these and a wide assortment of other properties to reboot and re-energize. 

That’s a long-run thing.

Ray Keating is the editor, publisher and economist for DisneyBizJournal.com, and author of the Pastor Stephen Grant novels. He can be contacted at  raykeating@keatingreports.com.

If you enjoyed this article, and since I am the author of the Pastor Stephen Grant novels and short stories, can I ask you to take at least one (preferably more) of the following steps?

1) Please join the Pastor Stephen Grant novels and short stories email list, and get the upcoming short story, THE TRAITOR, for free! Sign up here.

2) Buy one of my Pastor Stephen Grant novels or short stories at Amazon.comor signed books at www.raykeatingonline.com. 

3) Become a member of the Pastor Stephen Grant Fellowship, and get all kinds of FREE stuff, including each new book in the Pastor Stephen grant series. Check out the levels and benefits here.