Disney Blindsided by Fox Box Office Struggles: ‘Well Below What We Thought It Would Be’

Fox’s film business had a $170 million operating loss driven by “Dark Phoenix”

When Disney fought to acquire the film and TV entertainment assets of 21st Century Fox, it expected a much higher performing movie business.

The media and entertainment behemoth on Tuesday reported earnings for the fiscal third quarter, and though its film division increased 33% year-over-year to $3.8 billion, Fox’s film business had an operating loss of $170 million, CFO Christine McCarthy said during the company’s quarterly call with the Wall Street community.

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Trey Williams

Trey Williams

Film Reporter covering the biz • trey.williams@thewrap.com • Twitter: @trey3williams