Twentieth Century Fox Film Chairman and CEO Stacey Snider said she had "no more insight" into the studio's pending sale to Walt Disney Company during remarks at CinemaCon on Thursday. In what may be the studio's final presentation at the exhibition industry trade who,w Snider saluted her company's artistic legacy and urged a crowd of theater owners to think about ways to preserve the future of film."We’ve been making movie memories for nearly 85 years," Snider said in remarks that...
Pragmatic and astute, the seasoned exec scored a huge, surprise promotion when she was made chairman and CEO of Fox last September. Co-chairman since November 2014, Snider will now oversee all areas of the studio (with annual revenues in excess of $8 billion and operations in more than 100 countries worldwide) including the company’s five production divisions, global marketing and distribution and home entertainment.
Fox is on a roll, thanks to such diverse recent hits as “Deadpool,” the highest grossing R-rated film of all time ($783 million worldwide); “The Revenant”; “The Martian”; and “Hidden Figures” (the last three all nominated for multiple Oscars). And the studio has continued its box office track record under Snider with “Logan,” starring Hugh Jackman (a massive winner at $617 million globally) and the solid “War for the Planet of the Apes” ($367 million). Together, they more than offset Gore Verbinski’s disappointing horror-thriller “A Cure for Wellness,” which tanked, scaring up just $27 million worldwide on a budget of $40 million.
The UCLA Law School grad made her bones at Guber Peters Entertainment, followed by stints at TriStar, Universal and DreamWorks where for eight years she was a partner with Steven Spielberg.