Fox Searchlight Will Keep Doing ‘What It Does Best’ Under New Disney Ownership

Fox Searchlight Will Keep Doing ‘What It Does Best’ Under New Disney Ownership
As the $71.3 billion sale of Rupert Murdoch’s Twentieth Century Fox movie and television assets to box office titan Disney moves forward, the question of what will happen to specialty distributor Fox Searchlight has been answered.

As IndieWire’s Anne Thompson noted last month, “So far, Disney executives have been friendly, but current Fox Film chairwoman Stacey Snider wasted no time announcing new multi-year deals — and exalted chairman titles — for 18-year Searchlight veterans Stephen Gilula and Nancy Utley, riding high after their multiple Oscar wins for Best Picture winner ‘The Shape of Water’ and ‘Three Billboards Outside Ebbing, Missouri,’ which took home Best Actress for Frances McDormand. Both films topped $100-million worldwide.”

They needn’t have worried. During a Tuesday afternoon earnings conference call, Disney movie chief Bob Iger promised that Searchlight would continue its normal operations under the ownership of Disney. “It’s hard to argue that Searchlight needs help from anyone,
See full article at Indiewire »

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