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How Fate of Fox Affects Future of Hollywood

Source: BoxOfficeMojo

Disney and Comcast are in a high-stakes showdown for control of Fox. Beyond Fox’s cable channels and its vast film and TV library of old movies and TV shows, the winner gets control of Fox’s valuable movie franchises, such as X-Men. And that could help determine whether Comcast’s Universal can catch up to Disney’s share of Hollywood movie ticket sales.

Movies based on well-known characters from books, comics, TV shows or earlier films—such as Harry Potter, X-Men or Avengers—have taken on a hugely important role in Hollywood in recent years. They made up just 2.7% of the films released since 2000, but generated a whopping one-third of U.S. box office revenues, according to data from Box Office Mojo.

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Streaming services Netflix and Amazon have shown an interest in Hollywood IP. Last August, Netflix made comic book publisher Millarworld its first acquisition, with plans to produce films and TV series inspired by its characters. And in November, Amazon paid $250 million for the television rights to “Lord of the Rings.”


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