Twenty-First Century Fox, the parent company of studio 20th Century Fox, posted its quarter one earnings this week, with the first fiscal quarter coming in short of projected earnings, with profits of $678 million – over a billion down from the same timeframe in 2014.
Speaking about the fall in revenue, Twenty-First Century Fox executive chairman Rupert Murdoch laid the blame at the feet of the studio’s big superhero flop Fantastic Four, stating that:
“Our quarterly results also reflect the expected impact of challenging comparisons for our film studio due to the timing of key releases, as well as the poor performance of The Fantastic Four.”
Having been mauled by critics and audiences, the Josh Trank-directed reboot pulled in under $170 million around the globe, with Fox posting an $80 million loss on the film. Still, as yet, it seems the studio hasn’t quite given up hope on the franchise, with The Fantastic Four 2 still currently slated for release in 2017.
Source: The Wrap