This new division will be headed up by Guillermo del Toro. I guess Fox sees an opening left by the Syfy channel.
“For the longest time, I’ve hoped to find an environment in which I can distribute, nurture and produce new voices in smart, inventive genre films and channel my own. In Fox Searchlight, I’ve found a real home for live action production — a partnership based on hard work, understanding of each other and, above all, faith,” del Toro said in a statement.
source: https://www.hollywoodreporter.com/heat-vision/guillermo-del-toro-signs-deal-fox-searchlight-1099280
