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JAMES MURDOCH PREDICTS 20TH CENTURY FOX WILL RISE AGAIN

May 28, 2014 by · Leave a Comment 

“Last year, we didn’t have a great run,” 21st Century Fox Co-COO James Murdoch acknowledged today (Wednesday) about the 2013 output of the company’s film studio, 20th Century Fox. Speaking at the Sanford C. Bernstein 30th Annual Strategic Decisions conference in New York, Murdoch appeared to be referring to the disappointing performances of the Secret Life of Walter Mitty, Walking With Dinosaurs, Runner Runner, and The Counselor. But Murdoch noted that “over time” the movie business wins more than it loses. “You have to look at the film business over a multi-year perspective. … Some things just aren’t going to work and you aren’t going to bat a thousand,” he said. He remarked that he had high regard for some of the studio’s upcoming releases. “Over the next three to five years, we see a lot of really attractive films coming through that we are really proud of,” Murdoch said, noting that they include planned sequels for The Planet of the Apes and Avatar. Nevertheless, Murdoch said, about half of the company’s cash flow in its film division comes from television.