20th Century Fox is backing out of a planned deal to co-finance and distribute film and television projects from “Avengers: Infinity War” and “Captain America: The Winter Soldier” directors Joe and Anthony Russo.
The brothers reportedly had a hand shake agreement with Fox, but the two sides were unable to come together on final terms when they were negotiating on the long-form of the deal. The Russos were apparently looking for richer financial terms than the ones the studio offers to the likes of James Cameron and Steven Spielberg.
On top of that there were apparent issues related to the structure of the deal, with Fox coming to believe that it would be asked to shoulder too much of the financial risks associated with the projects.
20th Century Fox Chairman and CEO Stacey Snider sent an email to the brothers on Monday saying that the studio was walking away from the deal and ceasing negotiations. However she added that if there were individual projects that made sense for Fox, then “the door to studio was wide open”.