The release of James Mangold’s well-reviewed racecar drama “Ford v Ferrari” comes at a critical time in the era of the Disney-Fox merger. Since the Mouse House closed the deal on the Fox
acquisition in March, nearly every 20th Century Fox
release under Disney
has underperformed at the U.S. box office. Disney CEO Bob Iger
said in August the company lost $170 million in one quarter because of box office bombs like “Dark Phoenix
,” the X-Men
movie which only grossed $65 million total (that’s less than what the majority of “X-Men” films made on their opening weekends). Other Fox titles like “Stuber” ($22 million), “The Art of Racing in the Rain” ($26 million), and “Ad Astra” ($50 million) also fizzled.
During an interview at Variety’s
Business Managers Breakfast this week, Walt Disney Studios’
chief creative officer and co-chairman Alan Horn
spoke about Disney’s
disappointment with the first wave of Fox theatrical releases.