The year 2019 saw the biggest
acquisition story in the combined TV-Film media industry to ever occur in
history, technically something like the closest corporate equivalent of the
historical Louisiana Purchase. In that year, The Walt Disney Company acquired
the 20th Century Fox movie studios and several other key media
assets from their parent company 21st Century Fox. Not only did
Disney bring a major film studio under its massive umbrella, it also regained
one of the biggest pieces in the Marvel movie-rights pie. But such an epic move
comes with massive changes, particularly with the now-subsidiary 20th
Century Fox.
And what exactly the future holds
for the Fox film studios was revealed in Friday last week according to CNBC. Seeing as the Fox name is a major label
for motion pictures (since 1935), Disney has decided to actually drop that name
on the studio and some of its affiliate firms. As of January 17, 20th
Century Fox has been renamed to just 20th Century Studios. At the
same time, the Fox Searchlight Pictures sister studio, which specializes in
independent and Euro/British movie productions, will now be simply called
Searchlight Pictures. All this comes in the wake of Disney actively removing
mentions of “Fox” on company email addresses and posters.
The House of Mouse has yet to
provide further comments from the announcement of the Fox name change. What is
known however is despite the removal of Fox, certain design elements of these
film studios will remain. For instance, the iconic searchlight studio id that
opens Fox and Searchlight-produced movies will not go away, but instead be
altered to remove, again, the Fox name. Furthermore, no action has been taken
as yet regarding changing the names of sister TV-production companies 20th
Century Fox Television and Fox 21 Television Studios, also part of the original
acquisition.
Disney’s Fox media asset
acquisition from last year was finalized following a final discussion phase
from October 2018 to March 2019. It took the global multimedia juggernaut the
sum of $71 billion to complete the deal, with the assets that were not
included, including Fox Broadcasting, Fox News and Fox Sports, remaining under
the rebranded Fox Corp. under the Murdoch family. Analysts have opined that the
distancing from the still-active Fox media company by the House of Mouse was to
preserve its neutral, family-friendly image to avoid association with more
politically-leaning firms like Fox News.
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