Dana Walden and Gary Newman, the chairmen and CEOs of Fox TV Group, outlined their vision for the “New Fox” during an appearance Thursday at the Television Critics Assoication summer press tour in Beverly Hills, with the presentation coming as Disney completes its acquisition of the Fox Broadcast Company’s sister studio 20th Century Fox TV and other 21st Century Fox assets.
“Fox will be significantly reducing its dependence on 20th Century Fox TV this coming development season,” Deadline reports. “Last year, the network’s sister studio was responsible for 90% of its scripted development. The number will go to 50% during this coming ‘transitional year,’ with the eventual goal for ‘New Fox’ to have a ‘well-rounded schedule with hits from everywhere,’ Walden said.”
Deadline adds: “The emphasis will be on independent studios like Warner Bros. TV, Sony TV Lionsgate TV and MGM, which Walden said had ‘gotten squeezed’ in the current era of vertical integration. She noted that there were 16 new series from outside studios launching on the broadcast networks five years ago. That number went down to 6 this coming season.”
Walden also noted: “Fox will have co-ownership stake in the shows we order. Space on the network schedule is incredibly valuable. That is the condition pretty much across the board.”
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