Disney Cancelling Fox Movie Development

According to Variety, Disney is shitcanning a lot of movies under Fox.  This comes after recent losses of $170 million.  Here is what they say:

Disney is also axing the majority of the existing Fox film development slate and refocusing output, after the studio posted a $170 million operating loss in Disney’s fiscal third quarter.

Disney CEO Bob Iger told Wall Street analysts on Tuesday during Disney’s quarterly earnings call that the Fox’s superhero titles would move forward under the stewardship of Feige. In addition, the company’s streaming platform Disney Plus will get four big brands from Fox to adapt as straight-to-service content. Those include the Macaulay Culkin holiday franchise “Home Alone,” the historical action romp “Night at the Museum,” the family comedy “Cheaper by the Dozen” and the live-action “The Diary of a Wimpy Kid.”

So it seems that movies like Die Hard and Predator are finished.  Including I suppose anything to do with Alien?  Is cinema now going to be reduced to superhero movies and nothing else?