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History

20^th Century Fox is one of the six biggest film studios in America and is owned by 21^st Century Fox Corporation. The company has released a number of successful films including The Sound of Music, Star Wars, Die Hard, Ice Age, and X-Men. They also distributed the two highest-grossing films of all-time, Avatar and Titanic. [1]

20^th Century Fox was founded in 1935 when Fox Films, owned by William Fox, merged with Twentieth Century Pictures. Joe Schenck took on the role of chief executive while Darryl F. Zanuck became the head of production. The company enjoyed success after the release of The Sound of Music in 1965 and Star Wars in 1977. In 1981, Marc Rich and Marvin Davis took over the company, who then sold it to News Corp., Rupert Murdoch’s company, in 1985. In 2013, News Corporation split into two companies. News Corporation became the publishing arm of the company while 21^st Century Fox became its own television/film company. 20^th Century Fox came under this company. [2]

Executives

Finances

This past February, 21^st Century Fox released their second quarter earnings report for October to December of 2015 and reported revenues of $7.38 billion. Although this was a decrease of 1% ($49 million) from the prior year, this was partially offset by the success of The Martian, which had grossed over $600 million in worldwide box office by December 31, 2016. The Martian continued to grow and ended with $630 million in worldwide box office revenue with its close date on March 17, 2016. Films released during this quarter that carried over at the box office into 2016 were The Revenant, Joy, Alvin and the Chipmunks: The Road Chip, and The Peanuts Movie. [5] [6]

Going into 2016, 20^th Century Fox saw strong box office revenues. The Revenant debuted with $38 million at the domestic box office that weekend. This was an unexpectedly strong open. The film was only predicted to open to less than $25 million. The revenue that opening weekend brought them close to Star Wars: The Force Awakens, grossing at $41.6 million its fourth weekend in theaters. [7] The Peanuts Movie also finished strong with worldwide revenues reaching $246 billion. [8] Another hit for 20^th Century Fox at the box office was Kung Fu Panda 3, which has grossed $504 million worldwide since its release in January. [9]

On April 25, 2016, 21^st Century Fox share prices were listed at $31.00. This is up from $22.50 on February 9^th when share prices fell by as much as 4%. This was likely due to the earnings report released on this day, which predicted that profits would fall due to the strong dollar [5]. Since then, share prices have seen a steady increase and are predicted to continue to rise. The third quarter fiscal report for 21^st Century Fox will be released on May 4, 2016. [10]

Awards Season

20^th Century Fox studio releases did well during the 2016 awards season. At the Golden Globes, Jennifer Lawrence won best actress in a Comedy or Musical for Joy. The Martian won Best Motion Picture for a Comedy or Musical and Matt Damon also won best actor for his role in the film. The Revenant took home the Best Motion Picture award for a Drama. Leonardo DiCaprio and Alejandro G. Iñárritu won best actor and best director, respectively. [12]

At The Academy Awards, The Revenant counted twelve nominations, the most of any film nominated. Leonardo DiCaprio won his first Oscar for Best Actor. The Revenant also won Best Cinematography and Directing. [13] The nominations and wins resulted in a boost of box office revenue for those films that were still in theaters, particularly The Revenant, that’s ticket sales increased more than 80 percent after The Academy Award nominees were announced. Between the announced nominations and Oscar Night, The Revenant brought in $113 million. The film closed with a total of $523 million worldwide. [14]

The New Superhero

20^th Century Fox’s current film in theaters is Deadpool. The film stars Ryan Reynolds and was directed by Tim Miller. Deadpool is Marvel’s new R-Rated superhero movie that features a former Special Forces operative with accelerated healing powers and an attitude problem. [15]

Deadpool has broken records since its release on February 12, 2016. It became 20^th Century Fox’s largest opening ever with $132.4 million. It also had the largest opening weekend ever for an R-rated film and the biggest opening day in February with $47.5 million. [16] So far, the film has grossed a total of $760 million thus far and is approaching its eleventh week in theaters. [17] Deadpool has been a game changer for the superhero genre. As one of the first high-budget R-rated superhero films in recent years (alongside Watchmen and Kick-Ass), there was high-risk for 20^th Century Fox in the box office. But the film was widely received and praised for its snarky humor, romance, and characters rather than big-budget action scenes. [18] Following this success, 20^th Century Fox will likely make Wolverine 3 R-rated. The film’s current release date is March 3^rd, 2017. [19]

20^th Century Fox has already confirmed Deadpool 2 for production. Tim Miller and Ryan Reynolds will return for the sequel as well as the creative team. The film is said to mimic the original in tone, keeping the same snarky humor and attitude. The film is currently rumored for release in 2017. [20]

Coming Soon

This summer, 20^th Century Fox is releasing four films. X-Men: Apocalypse will open on May 27, 2016 as the ninth installment in the X-Men series with Bryan Singer as director and a host of famous cast members. To market the film, 20^th Century Fox released an X-Men Movies app as well as an “Apocalypse timeline” on their website. [21]

Independence Day: Resurgence, the sequel to the highly acclaimed Independence Day, will open on June 24, 2016 starring Liam Hemsworth and Jeff Goldblum. Ice Age: Collision Course and Mike and Dave Need Wedding Dates are also set to release in July. [22]

Sources

[1] Foxmovies.com. 20^th Century Fox. Retrieved April 23, 2016.
[2] 20th Century Fox Film Corporation. Encyclopedia Britannica. Retrieved April 23, 2016.
[3] Yamato, Jen. (May 16, 2014). Fox’s Jim Gianopulos Delivers USC Film Commencement Speech; Marvel’s Kevin Feige Celebrates Rejection: Transcript. Deadline. Retrieved April 26, 2016.
[4] Fleming, Mike Jr. (August 14, 2014). Fox’s Emma Watts Re-Ups For Three Years After Robust Summer. Deadline. Retrieved April 26, 2016.
[5] Earnings Release for the Quarter Ended December 31, 2015. (February 8, 2016). 21st Century Fox. Retrieved April 24, 2016.
[6] The Martian. Box Office Mojo. Retrieved April 24, 2016.
[7] Fritz, Ben. (January 11, 2016). ‘The Revenant’ has surprisingly strong box-office debut. MarketWatch. Retrieved April 24, 2016.
[8] The Peanuts Movie. Box Office Mojo. Retrieved April 25, 2016.
[9] Kung Fu Panda 3. Box Office Mojo. Retrieved April 25, 2016.
[10] Twenty-First Century Fox, Inc. CI A. MarketWatch. Retrieved April 25, 2016.
[11] Robehmed, Natalie. (January 11, 2016).‘The Revenant’ Wins Best Picture At The 2016 Golden Globe Awards. Forbes. Retrieved April 25, 2016.
[12] Sharf, Zack. (February 24, 2016). The Indiewire 2015-16 Awards Season Winners Guide. The Indiewire. Retrieved April 25, 2016.
[13] Donnelly, Jim. (February 29, 2016). Oscar Winners 2016: See The Complete List. The Oscars. Retrieved April 25, 2016.
[14] Brueggemann, Tom. (March 11, 2016). Oscar Box Office Winners and Losers 2016. Indiewire. Retrieved April 26, 2016.
[15] Deadpool. Internet Movie Database. Retrieved April 26, 2016.
[16] Garreffa, Anthony. (February 17, 2016). Deadpool becomes largest opening ever for 20th Century Fox. TweakTown. Retrieved April 26, 2016.
[17] Deadpool. Box Office Mojo. Retrieved April 26, 2016.
[18] VanDerWerff, Todd. (February 15, 2016). Deadpool’s box office unexpectedly broke records. Here’s what Hollywood should learn from it. Vox. Retrieved April 26, 2016.
[19] Siegal, Jacob. (February 16, 2016). Deadpool’s success could lead to an ‘R’ rating for Wolverine 3. BGR. Retrieved April 26, 2016.
[20] Mccarthy, Tyler and Rebecka Schumann. (April 4, 2016). ‘Deadpool 2’ Confirmed By 20th Century Fox; Director And Creative Team Returning. International Business Times. Retrieved April 26, 2016.
[21] X-MEN: Apocalypse (2016). 20th Century Fox. Retrieved April 26, 2016.
[22] Coming Soon. 20th Century Fox. Retrieved April 26, 2016.
[23] Perry, Spencer. (March 8, 2016). The Aliens are Back in New Independence Day: Resurgence International Poster. ComingSoon.net. Retrieved April 26, 2016.