After recent reports of projected layoffs in the 4,000-10,000 range at Fox by new owners Disney, another tough bit of merger news has struck via Deadline.
They are now reporting that Elizabeth Gabler’s arm Fox 2000 Pictures is now expected to be shut down and it’s a big shock as it was previously stated by Disney in earnings calls to investors that they would be keeping Fox 2000 as is.
In a surprise move, sources said that Disney will be shuttering the Fox 2000 label run by Elizabeth Gabler. It was believed that Gabler, who made a slew of mid-budget elegant tastemaker films, would continue to lead the executive team who make up her label, but sources said that isn’t going to be the case. It remains unclear if Gabler will become a producer, but sources said that division will cease after The Woman in the Window, the Joe Wright-directed thriller that stars Amy Adams and Gary Oldman.
Her highlights include Hidden Figures, The Fault In Our Stars, The Devil Wears Prada, Marley & Me, Love, Simon and The Hate U Give.
But then again, Disney will have 11 film labels and at some point, things get redundant.
Details are still unknown what the future holds and if they’ll be absorbed by Fox Searchlight, 2000’s brother specialty arm.
Gabler wouldn’t be the only one losing oversight status because of Disney’s Alan Horn, 20th Century Fox’s Stacy Snider is also on her way out as executive/producer Emma Watts will be Horn’s eyes and ears at 20th Century Fox. There is a chance that Gabler and her future projects could end up migrating to Fox Searchlight.
The Walt Disney Company took control of 21st Century Fox at midnight yesterday spending a whopping $71.3 billion on the acquisition.
While layoffs due to redundancies and department overlap (as it sounds with Fox marketing and distribution teams) are the norm for mergers, still, it’s never a great situation when people are losing their jobs and this news concerning Fox 2000 was more of a shock than anything else as Gabler’s productions were seen to be a jump in diverse subject matter for Fox.