Searchlight Pictures

Searchlight Pictures, Inc., formerly known as Fox Searchlight Pictures, is an American arthouse film production and distribution company, which since 2019 has been owned by Walt Disney Studios, a division of the Disney Entertainment segment of the Walt Disney Company. Founded on April 29, 1994 as a division of 20th Century Fox (now 20th Century Studios), the studio focuses primarily on producing, distributing, and acquiring independent and specialty films.

Searchlight is most successful for distributing the films Slumdog Millionaire, 12 Years a Slave, Birdman, The Shape of Water, and Nomadland, all of which have won an Academy Award for Best Picture. The studio has grossed over $5.3 billion worldwide and amassed 51 Academy Awards, 30 Golden Globe Awards, and 56 BAFTA awards. Slumdog Millionaire is the studio's largest commercial success, with over $377 million (US) of box office receipts, against a production budget of only $15 million.

Searchlight was one of the 21st Century Fox film production units that was acquired by Disney in 2019. The studio's current name was adopted in order to avoid confusion with Fox Corporation. Searchlight is currently one of five live-action film studios within the Walt Disney Studios, alongside Walt Disney Pictures, Marvel Studios, Lucasfilm, and its larger sister unit 20th Century Studios. Compared to 20th Century, whose distribution operations have folded into Walt Disney Studios Motion Pictures, Searchlight retains its autonomous distribution unit.

Prior to the creation of Searchlight Pictures, 20th Century Fox was active in the specialty film market, releasing independent and specialty films under the banner of 20th Century-Fox International Classics, later renamed 20th Century-Fox Specialized Film Division, then TLC Films. The most notable of the releases under these banners include Suspiria, Bill Cosby: Himself, Eating Raoul, The Gods Must Be Crazy, Reuben, Reuben, and Ziggy Stardust and the Spiders from Mars.

In the early 1990s, 20th Century Fox executives decided to emulate the commercial success of Disney's newly acquired Miramax studio. In 1994, 20th announced the formation of a subsidiary that would drive their entry into the specialty film market, and in July that year, they brought in Thomas Rothman, then president of production at The Samuel Goldwyn Company, to head up the new subsidiary. It was soon given the name "Fox Searchlight Pictures", with Rothman as its founding president. The new company inherited the familiar branding elements associated with 20th Century Fox; Fox Searchlight films opened with a production logo consisting of the "Fox Searchlight Pictures" name presented as a large monolith, illuminated by the eponymous searchlights and accompanied by the 20th Century Fox fanfare composed by Alfred Newman.

From its first release, The Brothers McMullen (1995), Fox Searchlight went to distribute a series of independent films such as Girl 6, Stealing Beauty, and She's the One (all 1996). While critically well received, these early releases were not commercially very successful; Fox Searchlight's first real commercial breakthrough came with The Full Monty (1997), garnering the studio's first awards.

In 2006, a companion label, Fox Atomic, was created to produce and/or distribute genre films. Fox Atomic closed down in 2009.

On June 28, 2012, Rupert Murdoch announced that Fox Searchlight's owner News Corporation would be split into two publishing and media oriented companies: the second News Corporation, which takes on the publishing and Australian broadcasting assets, and 21st Century Fox, which operated Fox Searchlight parent Fox Entertainment Group. Murdoch states that the 21CF name was a way to maintain 20th Century Fox's heritage.