Bob Iger Explains Why Disney Ultimately Decided To Buy Fox

By  at July 02, 2019  , , ,  No comments
Bob Iger Explains Why Disney Ultimately Decided To Buy Fox

The entertainment world was in awe when it was revealed that the Walt Disney Company had been in talks to purchase 21st Century Fox from Rupert Murdoch's Fox Corporation. The awe turned to shock when the deal was done and Disney spent $71 billion to purchase the film studio and cable channels from the media company. The deal has changed the media landscape forever, but Bob Iger admits it likely would not have happened if the media landscape were not already changing, as the decision to buy Fox was entirely because of Disney's plans to launch its own streaming service.

Last week the Walt Disney Company held a grand unveiling event to show the public Disney+, the new streaming service that is set to launch in November. Included in the service will be content from National Geographic as well as many other Fox properties like The Simpsons. All this content will certainly make Disney+ a more attractive service and Disney CEO Bob Iger admits that the content was the reason Disney bought Fox. According to Iger...

We would not have done that transaction had we not decided to go in this direction. Because if we hadnt, we would have been looking at that business and through a traditional lens: Oh, were buying TV channels. Were buying more movie-making capability, et cetera.

While buying more TV channels and movie making capability certainly has its benefit, it's not like Disney is a company in need of such things. The company's movie making arm is basically making all the money these days thanks to Marvel and Star Wars and almost every other film the studio releases. Making more money from other avenues would certainly be important, but it would take a long time for those avenues to make back the $71 billion purchase price.

However, when you add in that all of that content from those cable channels and movies will also be appearing on the new Disney+ streaming service and potentially attracting new viewers, the price begins to be paid back that much faster with every new subscription to the service. Iger tells CNBC "the light bulb went off" when it came to realizing what the Fox library could mean to the service.

When Disney revealed new Disney+ details last week National Geographic was given as prominent a place as Pixar when it came to announcing what would be available for the service. In fact, one of the original shows being produced for the service by National Geographic will follow those that take care of animals at the Disney theme parks, marking one of the first direct collaborations between Disney and a former Fox property since the acquisition.

Content is king in the streaming game and so the more Disney+ has to offer, the more subscribers it will be able to entice. The $6.99 per month price point won't hurt either.





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IT's Original Director Cary Fukunaga Reveals Why He Left The Project

By  at July 01, 2019  , , ,  No comments
IT's Original Director Cary Fukunaga Reveals Why He Left The Project

It's no secret that Warner Bros. had been attempting to adapt Stephen King's classic novel, IT, for the big screen for years, with numerous starts and stops plaguing the production for assorted reasons. Eventually, the studio found its way through with Mama director Andy Muschietti at the helm, and they're currently hard at work on a second chapter that will follow up on the extremely successful IT from 2017. But prior to Muschietti, Cary Fukunaga of True Detective and Beasts of No Nation fame took a pass at IT and thought he secured the gig, only to lose it. And in a recent interview, Fukunaga revealed why he thought he got fired, explaining:

I think it was fear on their part, that they couldn't control me. No, they thought they couldn't control me. I would have been a total collaborator. That was the kind of ridiculous part. It was just more a perception. I have never seen a note and been like, Fuck you guys. No way. It's always been a conversation.

This is the hindsight opinion of Cary Fukunaga regarding the opinion around "town" that he's difficult to work with. Is it true? Only few know, and those people likely worked with Fukunaga on either his adaptation of Jane Eyre (with Mia Wasikowska and Michael Fassbender) or that masterful first season of True Detective. Would Fukunaga be willing to have creative conversations with the producers at WB to bring his vision of Stephen King's IT to the big screen? We will never know -- as that ship has sailed -- but in this interview with GQ, the writer-director sure makes it sound like he would be willing to trade a few things to get the story that he wants to tell. Fukunaga went on to say:

I don't think I've ever been able to make something uncompromising. Like, someone commented on Beasts, 'Oh, how did it feel to make a movie that's uncompromising?' Like, uncompromising? I had to rewrite my entire third act 'cause we didn't have the money to finish the film. We compromise all over the place.

Welcome to the business of show. No movie makes it to the big screen without compromise. Would Cary Fukunaga's vision of IT been worth the compromise, either on his part, or on the studio's part? It's hard to say, though it's not really on anyone's part to complain. He went on to make more of the projects that really stimulate him -- he's being interviewed on the cusp of Maniac reaching Netflix (see the mind-bending trailer below), and IT broke box office records by connecting to audiences on a grand scale. This sounds like it ended up being a win-win.

Andy Muschietti's IT Chapter Two will be in theaters on Sept. 6, 2019... just about a year from now. Do you think Cary Fukunaga will go see it?





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