Louis B. Meyer was not in on the Fox-Loews deal and fought back to the point of calling his friends at the Department of Justice anti-trust division to delay the merger.
That delay sunk the deal because of 2 tragic misfortunes that fell upon William.
The other? Well, you remember what happened in 1929, don't you?
He was booted out of his company and then was put in jail for bribery, what William would later call a conspiracy against him in a 1933 book written by the one and only Upton Sinclair.
And here's where 20th Century Pictures comes into the story.
Funding came from Joe's younger brother Nicholas who was Pres of Loews &, ironically enough, Louis B. Meyer.
Studio facilities were provided by Samuel Goldwyn Studios and the pictures were distributed thru UA.
All but one of the first 18 films released by the studio was financially successful.
And they had back-to-back Best Picture nominations in 1934's "The House of Rothschild" and their 1935 adaptation of "Les Miserables".
But Mary Pickford, the female among the UA collective, objected believing 20th Century would dilute the holdings of fellow UA member D.W. Griffith.
This is when he came across the bankrupt Fox Film.
But it was the head of Fox's West Coast theaters, Spyros Skouras, who helped make the merger happen.
Zanuck became Production head, replacing Fox's Winfield Sheehan, and immediately hired top talent for the studio.
No small feat for a studio built up an upstart studio and a failing old one.
But the 50s would see Fox face its greatest challenge like that of the whole of the movie industry: Television.
So the "Fox" theaters you see in various cities are the remains of Theaters built by William Fox.
Thus, 20th Century decided to gamble its studio's fortunes on an unproven concept: A French anamorphic projection system that gave a 3D-like illusion of depth w/o 3D glasses.
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One of those studios that signed up to make films in Cinemascope?
Walt Disney Productions.
And in 1956, Darryl Zanuck decided to quit as Film Production head and move to Paris to become an Independent producer.
But just one year later, Adler died.
Spyros Skouras then brought in numerous replacements with none living up to Zanuck's level.
Every studio has that one film that brings it to the depths.
Columbia? Ishtar. Disney? The Black Cauldron.
For 20th Century-Fox, it was an epic about the last Egyptian Pharoah.
Wanger, however, envisioned an epic film and managed to up the budget to $5 Million.
But, as a publicity stunt, Wanger offered an astounding $1 Million to Elizabeth Taylor if she agreed to be Cleopatra.
She accepted, and thus the cost instantly began to rise.
Monroe was fired after rewrites and very little progress.
2 months later, & after she was rehired after it became clear the film couldn't work w/o her, Monroe was found dead.
Both were hits.
Both the damage from "Cleopatra" was done.
The new management team killed "Movietone News" which dated back to Fox Film, shuttered and re-opened the studio, and released cheap films to get it back on track.
Also helping were 2 sci-fi hits in "Planet of the Apes" and "Fantastic Voyage".
But in the latter half of the 60s came notable flops and thus by 1971 Zanuck was ousted.
It was risky, but it paid off and Stulberg began diversifying into other areas.
But just 3 years later, Marc Rich fled to Switzerland to avoid prosecution on tax evasion, racketeering & trading w/Iran during the hostage crisis.
In March 1985, he sold it off for $250 million to an Australian tycoon who had big plans for America after dominating his native Australia & then England.
You may know him.
His name? Rupert Murdoch.
But Marvin decided to back out at this moment and Rupert turned around and assumed full control of Fox after buying his stake out for $325 Million dollars.
The rest, as they say, is history.
After nearly 35 yrs, Rupert Murdoch has decided to downsize and end the 83 and a half yr independence of @20thCenturyFox by selling it to @WaltDisneyCo.
At 12:02 AM this Tuesday, March 20th, 2019, the deal closed.
But as the iconic Bette Davis said in the 1960 film that won @20thCenturyFox it's 3rd Academy Award:
What a run, what a history.
#RIP @20thCenturyFox: May 31, 1935 - March 20, 2019.