More Planet of the Apes movies are on their way
Back in April at CinemaCon when Disney first announced their plans for their newly acquired Fox division, they revealed the Planet of the Apes franchise would continue (along with the likes of Alien, Kingsman and The Maze Runner). It was hardly a surprise given how critically and commercially successfully the films were, with the new films collectively grossing over $2 billion on combined production budgets of $567.5 million.
It's been a rough Q3 for Fox who posted an operating loss of $170m. This has led to Disney ditching their current development slate to refocus their priorities. According to Variety, during Disney’s quarterly earnings call to Wall Street analysts yesterday, Disney CEO Bob Iger said they will continue with plans to make more Planet of the Apes films. Whether this will continue on from where 2017's War for the Planet of the Apes left off, or be something brand new, we're not sure.
The reason for the heavy losses were largely pinned on the poor performance of X-Men: Dark Phoenix. From a production budget of $200 million it only managed to produce a worldwide gross of $252 million. And due to the takeover, Disney pumped more money into marketing the upcoming releases of Ad Astra and Ford vs. Ferrari.
Disney also announced they will continue with the planned Avatar films, Marvel Studios head Kevin Feige will oversee Fox’s upcoming superhero titles and their new streaming platform will produce remakes of popular Fox brands Home Alone, Night at the Museum, Diary of a Wimpy Kid and Cheaper by the Dozen. Thankfully, Fox Searchlight will continue to focus on indie titles and also produce films for Disney Plus.