Twentieth Century Fox Film Corporation hopes it continues to live free or die hard. The company, a division of Fox Filmed Entertainment, produces, acquires, and distributes media conglomerate News Corporation's big budget motion pictures. In addition to working on films such as X-Men: First Class (co-produced with Marvel Entertainment) and Avatar, Twentieth Century Fox also distributes movies for Regency (What's Your Number?). The company has had a hand in two of the top five highest grossing US movies of all time: Avatar and Titanic, which it co-produced with Paramount Pictures. The studio also had a hand in another big money-maker, the Star Wars franchise, which it distributed for Lucasfilm.
The company had a couple of breakout hits in the summer of 2011. Its X-Men: First Class and Rise of the Planet of the Apes both performed well at the box office. The fifth movie in the X-Men series was produced for about $160 million, while it took in some $352 million worldwide. Its Rise of the Planet of the Apes was a pleasant surprise for Fox; during its opening weekend the film earned $54.8 million, beating its projected gross by more than $20 million. The studio is betting big on upcoming releases such as Alvin and the Chipmunks: Chip-Wrecked, The Three Stooges, and Die Hard 5.
Meanwhile, the company is still reeling from the success of Avatar, the sci-fi thriller from filmmaker James Cameron (his first feature film since Titanic). Twentieth Century Fox had high expectations for the movie, which was 14 years in the making and had a production budget of more than $200 million. Avatar did not fail to deliver big business at the box office, while pushing 3D technology forward and raising the bar for special effects. While the film was released in late 2009, in 2010 Avatar became the top-earning movie of all time (breaking the previous record, set by Titanic), surpassing $2 billion in ticket sales. The movie's success was enough to make Twentieth Century Fox the #3 studio in 2010 in terms of market share (after Warner Bros. and Paramount). Avatar sequels are currently in development and set for release in 2014 and 2015.
In non-Avatar related news for 2010, the studio's Gulliver's Travels was deemed a "holiday bomb". The film got beat by another picture from Fox, the third film in The Chronicles of Narnia series: The Voyage Of The Dawn Treader. Released in collaboration with Walden Media, Fox picked up the film after Disney in 2009 decided to cease co-financing the Narnia movies. The title failed to re-capture the magic of the first Narnia movie, 2005's The Lion, the Witch and the Wardrobe (which grossed an impressive $745 million worldwide). The second Narnia film, 2008's Prince Caspian, was also a relative disappointment (earning a total of $419 million worldwide).
▲ Show Less▼ Show Full Description