It’s no secret that finances have been an issue with Fox for some time now. The recent restructuring of the entire movie and television production branch, however, is a more drastic move than anyone could have predicted. The management switch, announced by the company this week, puts longtime television head honchos Gary Newman and Dana Walden in charge of all of Fox’s television operations, effectively consolidating 20th Century Fox TV and Fox Broadcasting into one massive unit under the lordship of Newman, Walden and 21st Century Fox. The point, beyond streamlining all operations, is to benefit from from licensing around the world and the increasing demand of digital buyers, according to Variety’s analysis.
Dana Walden will preside over the new super-unit with Gary Newman.
The end game would be to merge all entertainment operations on the Fox lot, including the film and newly created television branch. The Frankenstein monster of an entertainment unit would fall under the supervision of Fox Networks Group CEO Peter Rice.
Continue reading: Fox Consolidates 20th TV And Broadcasting Into Television Super Unit