James Murdoch, the CEO of media conglomerate 21st Century Fox has criticised his own film studio for its “failure” and that “fundamentally, we have to make better movies”.
Murdoch told the conference: “I acknowledge that failure is where we are,” but pointed out that Fox had “avoided, which some other studios have not … massive losses”.
According to Deadline, Murdoch also talked up forthcoming entries in Fox’s franchises Avatar, Wolverine and Planet of the Apes.
He added: “Fundamentally, we have to make better movies, we have to do it more consistently.”