While comic book fans are rejoicing about the
X-Men and
Fantastic Four franchises returning home to Marvel Studios, huge changes are being made at Fox. Fox 2000 - the studio behind movies like
The Fault In Our Stars and
The Devil Wears Prada - has been closed despite Disney initially promising that would not be the case, and it's now thought that 5000 jobs will be cut.
That's all to try to save $2 billion in consolidation costs, but Fox will soon be totally unrecognisable.
It's said that, moving forward, Fox will only be able to make around four theatrical films and four streaming films a year which is a huge change for a studio previously responsible for a full slate of movies. Some projects will survive, though;
Free Guy starring Ryan Reynolds is expected to now be a Disney tentpole, while Ridley Scott has been signed up to take the helm of
Merlin for the studio.
Fox's film boss Stacey Snider has been dead set against big screen properties being moved to television but she's being let go, and previously pitched projects like Noah Hawley's
Alien TV series and Searchlight's hope to do something with
The Omen could now become a reality.
Alan Horn is now in charge of greenlighting projects and, sadly, movies like Ben Affleck's drama about an ex-cop who rigged the McDonald's Monopoly game and stole $24 million is now in doubt, despite it having Matt Damon attached to star and boasting a script by
Deadpool's Rhett Reese and Paul Wernick.
We'll be sure to keep you guys updated with where things go from here, but more changes are coming.