Disney Shuttering 'Fox 2000' Movie Label
Disney will cease making films under the Fox 2000 label, meaning its talented studio head Elizabeth Gabler may not survive the Disney takeover. The decision took the industry by surprise since Disney had previously stated that Gabler would remain at the studio even after it was acquired.
Disney is reportedly committed to completing the Fox 2000 films currently in production. It is unclear what role Gabler and her team may perform going forward, if any. No one in the Fox 2000 staff was laid off on Thursday but they were informed of Disney’s decision.
Disney’s $71.3 billion acquisition of much of 21st Century Fox’s film and television assets essentially doubled the number of film banners Disney manages, and, insiders say, with 20th Century Fox, the main studio, and Fox Searchlight, the company’s indie label, there was not a clear lane for the Fox 2000 brand.
Fox 2000 has produced such box office hits as ‘The Fault in Our Stars,’ ‘Life of Pi,’ and ‘Diary of a Wimpy Kid.’ Gabler is widely admired for her talent in picking literary properties to turn into films.
Disney began mass staff layoffs at Fox Thursday. Domestic distribution chief Chris Aronson, international distribution chief Andrew Cripps, chief content officer Tony Sella, and Twentieth Television president Greg Meidel were among those who received pink slips.