FXM

FXM (acronym for FX Movies) was a Latin American subscription television channel of American origin of its original name, with programming based on movies of any type of genre. It is owned by The Walt Disney Company Latin America and operated by Disney Media Networks Latin America.

It was launched on September 18, 2017, replacing the Film Zone channel.

At the beginning of January 2022, Disney announced the closure of FXM in Latin America on March 31, in addition to the cessation of other television channels that it owns in the region such as Star Life, Disney XD, Nat Geo Wild and Nat Geo Kids. The change comes as a result of the conglomerate focusing more on its Disney+ and Star+ platforms.

Why has it closed?

 * Unnecessary: Disney already has another movie channel in the region, Cinecanal, so it would not make sense for them to maintain 2 third-party movie channels at the same time.
 * Similarities with Cinecanal: FXM has too many similarities with Cinecanal, as it doesn't have a different orientation than Cinecanal, so it's easy to know that they are the same thing but with different names.
 * Focus on Star+: It is the same reason that Star Life will close. Something that doesn't even make sense since FXM is just a channel where they broadcast third-party movies.

Probability of returning
It is not surprising that some people use television to watch movies. We must deduce that Disney is attacking this sector of people who watch movies on television. As the slogan of its predecessor (Film Zone) says: "Good stories never die!"

As for its probability of returning, I could deduce that it could be relaunched in the future since the FX brand belongs 100% to Disney, unlike the Fox brand that still has some assets in Fox Corporation. Who knows if it will be relaunched as the old Film Zone.

Its probability of return is very low since Disney is not going to maintain 2 movie channels at the same time, they will only maintain Cinecanal for a very long time.