20th Century Fox (film)

Posted on February 18, 2016 by Rachel Kucharski

20th Century Fox Logo [1]

10201 W Pico Boulevard
Los Angeles, CA 90064
310-FOX-INFO
http://www.foxmovies.com/

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]

Avatar movie poster [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

Jim Gianopulos, Chairman and CEO [3]

Emma Watts, Production President [4]

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

Alejandro G. Iñárritu and Leonardo DiCaprio win three Golden Globe Awards for The Revenant [11]

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

Independence Day: Resurgence movie poster [23]

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.

Twentieth Century Fox Film Corporation

Posted on December 2, 2012 by jwu17

By Jimena Wu

Official 20th Century Fox 2012 Logo – Courtesy of Google Images

Company Information [2]

10201 W. Pico Blvd.

Los Angeles, CA, 90064 United States

(310) 369-1000

http://www.foxmovies.com

Brief Overview

Twentieth Century Fox Film Corporation is a subsidiary of Fox Inc., owned by Rupert Murdoch’s News Corporation. 20^th Century Fox Film Corporation’s motion pictures are produced or acquired by the company’s smaller units, including: Fox 2000 Pictures, Fox Searchlight Pictures, Fox International Pictures, Twentieth Century Fox Animation and Blue Sky Studios [1].

The company has had major success with motion pictures, including the huge hits Star Wars, Titanic, and it’s most successful in the box office yet, Avatar, released in 2009. Avatar recorded up to a gross of $749,766,139, including nine Academy Awards nominations and three wins. [23]

Top 3 Competitors [2]

The Walt Disney Studios

MGM Studios, Inc.

Columbia Tristar Motion Picture Group

Key Executives [3]

Keith Rupert Murdoch – Chairman of Board & CEO

Ricardo Crespo – Senior Vice President of Global Creative

Eduardo Echeverria – Senior Vice President of Latin America

Pam Kunick-Cohen – Senior Vice President of Twentieth Century Fox Consumer Products

Robert Marick – Executive Vice President

Brief History: The Formation of Twentieth Century Fox [5]

20th Century Fox was funded in 1935 with the merging of the Fox Film Corporation and Twentieth Century Pictures. It was co-founded by Joseph Schenck, president of United Artists, and Darryl F. Zanuck, former head of production at the Warner Bros. Studio.

Elaboration & Transformation of Company Logo after Fox Film-20th Century merged in 1935 [4]

The company separated itself from others, as the productions of The Grapes of Wrath in 1940 and How Green Was My Valley in 1941 won Academy Awards. However, by the 1950’s, movie attendance dropped, bringing film productions down as well. Consequently, studios couldn’t afford to keep contracts with directors and actors. This event of disappointment led to Zanuck leaving to Paris in 1956, striving to become an independent film producer. The company lost huge amounts of money in between the years of 1959-1962.

In 1962, Zanuck returned as president, and his film The Longest Day, released through 20th Century Fox, got an Academy Award nomination and earned enough revenue for the company to start producing again in 1963. During the 1960’s, Zanuck used the “blockbuster strategy”, consisting of releasing expensive productions. The Sound of Music, released in 1964, brought more than $79 million in revenues.

The 1980’s were hard times since many productions didn’t compensate for their production costs. However, with the entrance of Rupert Murdoch, owner of News Corporation, in 1985, the company made it to the top spot among studios, gaining more than 18% of the box-office share in 1991.

Right Here, Right Now

20th Century Fox at the Box Office

The company began the Fall of 2012 with the release of Won’t Back Down in September 28, 2012, starring Maggie Gyllenhaal and Viola Davis. However, despite its notorious casting, this movie was ranked as the worst saturated release ever, bringing only $2,603,370 in the opening weekend. The movie made a total of $5,310,554. [6]

Taken 2 Movie Poster – Courtesy of Google Images

In October 5, 2012, the awaited Taken 2, starring Liam Neeson, was released, making $49,514,769 in its opening weekend [8]. Despite all of the critics, Taken 2 was the reason the overall box office was up more than 40 percent over the same weekend last year [7]. The movie scored $361,060,485 worldwide, showing strong results for a $45 million production [8].

Following Taken 2, Chasing Mavericks, starring Gerard Butler, was released October 26th, disappointing with a $2,268,274 debut. The movie made a total domestic gross of $5,843,722, barely one-fourth of its $20 million production budget [9]. However, Hurricane Sandy could have affected this result, as it”may have suppressed business by about 10 percent.” [10]

Wreck-It Ralph Poster – Courtesy of Google Images

As the storm passes, Wreck-It Ralph came to the #1 spot in its opening weekend with $49,038,712 [11]. This movie has actually become the biggest box office ever for Disney Animations [12]. After five weeks in theaters, it still maintains itself in the top ten, recording a total domestic gross of $159,213,887 and a worldwide gross of $203,213,887 (as of December 5, 2012) [11].

Lincoln opened in limited theaters in November 9, 2012 and released worldwide November 16, recording $944,308 for the opening weekend, and $21,049,406 in its second place, getting into the box office’s top 3. Lincoln, a film produced by Steven Spielberg, remained at #3 for two weekends, including Thanksgiving weekend. As of December 5, 2012, the movie earned a total domestic gross of $87,088,719, already compensating its production costs of $65 million. [13]

Next up for 20th Century Fox was Life of Pi, released November 21, which was considered to be “tough to sell” and a “gamble” for the company [14]. This film’s production budget will definitely be hard to compensate as it cost $120 million to produce, mainly because of its unbelievable graphic effects. The movie did pretty good in the opening weekend, earning $22,451,514, and also performed fairly well during the Thanksgiving weekend in the 5th spot, behind Twilight, Skyfall, Lincoln, and Rise of The Guardians. However, it is still at half its production budget, reporting $51,676,132 in total domestic gross as of Dec. 5, 2012. [15]

Life of Pi – Movie Poster – Courtesy of Google Images

The next movie for Fox is called Parental Guidance, which was supposed to be released during the Thanksgiving weekend but will now be released December 25th, 2012. The movie has high expectancies as it has less competition during Christmas than what it would’ve had during Thanksgiving [16].

First-Quarter Earnings (Quarter ended Sept. 30) – See full News Corp. Earnings Release

Rupert Murdoch led the company to more strong results as the fiscal quarterly earnings for the first quarter, ending in September 30, 2012, reported earnings of $2.23 billion, compared with $738 million made last year. Revenue also rose in large amounts, from $7.96 billion to $8.14 billion. As for the role Twentieth Century Fox plays in this increase in earnings, filmed entertainment reported quarterly segment operating income of $400 million, $53 million higher than a year ago, when the segment operating income was $347 million. This is majorly due to the huge success Ice Age: Continental Drift had in box offices back in July. As of December 5, the $95 million film has earned a total worldwide gross of $874,920,192 [24]. Also, Fox made a licensing deal with Netflix back in May 2012, which contributed enormously to the rise in profit [17]. Through this licensing agreement, Fox classic films were distributed to Latin America. “Our alliance with Twentieth Century Fox continues to get stronger and benefit Netflix’s members across the globe,” said Jason Ropell, VP of content acquisitions at Netflix. [25]

Deals/News

August 2012

Fox to Distribute DreamWorks Animation Movies [18]

DreamWorks has decided to shift from Paramount Pictures to 20th Century Fox looking for a 5-year distribution deal. This deal will place DreamWorks’ animated titles in Fox’s animation division, Blue Sky Studios. This deal will go into effect in 2013.

DreamWorks Logo – Courtesy of Google Images

Company Perspective: “DreamWorks Animation is a great company that makes terrific films and everyone here feels privileged and honored to have been chosen to distribute their marvelous work throughout the world,” stated Fox Filmed Entertainment CEOs and Chairmen, Jim Gianopulos and Tom Rothman. “We are particularly excited to add DreamWorks Animation’s films to the strong and growing slate of movies from our outstanding Blue Sky Studios division, which is coming off another global blockbuster with Ice Age: Continental Drift, and has Epic and Rio 2in advanced production. Together we will be a dominant force in animated entertainment for years to come.” [19]

September 2012

Fox Hoped To Boost Movie Downloads By Offering Titles Ahead of Discs [20]

In order to increase movie downloads, Fox has decided to offer the option to downnload movies through Amazon, CinemaNow (Best Buy), iTunes, PlayStation, VUDU (Walmart), and Xbox, before the home video or DVR formats are available.

November 2012

Sony, Fox, and Universal Sign On For PGA’s Producers’ Mark Credit [21]

Sony Pictures, Twentieth Century Fox Film Corporation, and Universal Pictures signed on to apply the ‘Producer’s Mark’ Certification. This is a huge advancement in the industry and a step forward to protecting the right of producers and the ‘produced by’ credit.

Independence Day ‘3D’ Cancelled [22]

Independence Day (1996) – Movie Poster – Courtesy of Google Images

Plans had been made by 20th Century Fox to produce a 3D adaptation of the 1996 blockbuster, Independence Day. However, due to difficulties in reuniting the original cast, the company has decided to cancel it. The movie was due for July 2, 2013, which was perfectly timed for it to be released during the Independence weekend. This would’ve potentially help the movie top the box office during the opening weekend and gain high revenue for the company.

Coming Soon (Click to see the trailers)

Broken City

Parental Guidance

EPIC

A Good Day To Die Hard

The Heat

References

[1] News Corporation: http://www.newscorp.com/management/20film.html

[2] Hoovers: http://www.hoovers.com/company-information/cs/company-profile.Twentieth_Century_Fox_Television.ff69d030bb3d82da.html

[3] Bloomberg BusinessWeek: http://investing.businessweek.com/research/stocks/private/people.asp?privcapId=35867

[4] Logo Images: http://www.closinglogos.com/page/20th+Century+Fox+Film+Corporation

[5] History: http://www.referenceforbusiness.com/history2/66/Twentieth-Century-Fox-Film-Corporation.html#ixzz2EFVbd3Ul