Company type | Division |
---|---|
NYSE: FOX | |
Industry | Film Television |
Founded | January 23, 1990 |
Founder | Rupert Murdoch |
Defunct | March 20, 2019 |
Fate | Assets dispersed to other Disney divisions
|
Successors | The Walt Disney Company Walt Disney Studios Walt Disney Direct-to-Consumer and International Disney Parks, Experiences and Products Fox Entertainment (division of Fox Corporation, successor of the reused unit name for Fox Corp. entertainment operations without using the word "Group") |
Headquarters | Fox Plaza, Century City, Los Angeles, California , U.S. |
Products | Motion pictures television programs |
Revenue | $13.28 billion USD (2012) |
$3.3 billion USD (2012) | |
$4.98 billion USD (2012) | |
Number of employees | 12,100 (2012) |
Parent |
|
Subsidiaries |
The Fox Entertainment Group (FEG) was an American entertainment company specialized in filmed entertainment owned by 21st Century Fox. Following the acquisition of 21st Century Fox by Disney, the group's assets were dispersed to various Disney units. The film studios 20th Century Fox (now known as 20th Century Studios), Fox Searchlight Pictures (now known as Searchlight Pictures) and Fox 2000 Pictures were transferred to Walt Disney Studios, while Fox Star Studios (now known as Star Studios) transferred to Walt Disney Direct-to-Consumer & International. [1]
Its former owner, 21st Century Fox, previously known as News Corporation, acquired all the stock of Fox Entertainment Group in 2005. In 2013, News Corporation was renamed 21st Century Fox and its publishing assets were spun off into the newly formed News Corp as part of a corporate reorganization. [2] [3]
FEG was indirectly named after William Fox, who created Fox Film. This would eventually merge with Twentieth Century Pictures to become 20th Century Fox (now known as 20th Century Studios). [4]
Fox Entertainment Group formed in the 1980s after the purchase of the Metromedia-owned independent stations by the 20th Century Fox film studio, at the time jointly owned by Australian-American media mogul Rupert Murdoch's News Corporation, and Denver billionaire Marvin Davis. [5] [6] These stations would later become the foundation of the Fox television network (launched in October 1986), which would become the foundation of the company (named after the TV network) itself. Not long after the Metromedia deal was made, Murdoch purchased Davis's shares and News Corp assumed full control of the film studio, which was then placed within Fox Entertainment Group. [7]
In 1995, Saban entered into a joint venture with the Fox children's television network to form Fox Kids Worldwide, which was best known for the first ten Power Rangers series. In 1997 it was renamed Fox Family Worldwide. [8] On July 23, 2001, it was announced that Fox Family Worldwide (now ABC Family Worldwide Inc.) would be sold to Disney from News Corporation and businessperson Haim Saban. [9] On October 24, 2001, the sale was completed. [10]
On March 20, 1998, Fox Entertainment Group (under the management of Rupert Murdoch) purchased Los Angeles Dodgers from Peter O'Malley on $311-million of dollars. On January 20, 2004, Fox Entertainment Group sold the Los Angeles Dodgers team to Frank McCourt. [11] [12] [13] [14] [15]
On August 14, 1998, Fox launched an initial public offering as a publicly traded company, trading on the New York Stock Exchange (NYSE,) while Fox Entertainment Group's address has been moved from Los Angeles to New York City. [16] The company has traded on the NYSE since its launch under ticker symbol FOX until its acquisition in 2005 by News Corporation. [17]
In January 2005, shortly after News Corporation reincorporation in the United States, News Corp announced that it was offering $5.9 billion to buy out the remaining 18% of shares in Fox that News Corporation did not already own. [18] The maneuver delisted Fox from the New York Stock Exchange; Fox Entertainment Group traded on the NYSE under the ticker FOX. [19]
In 2012, Rupert Murdoch announced that News Corporation would be split into two publishing and media-oriented companies: a new News Corporation, and 21st Century Fox, which operated the Fox Entertainment Group and 20th Century Fox and other studios. Murdoch considered the name of the new company a way to maintain the 20th Century Fox's heritage as the group advances into the future. [20] [21]
In January 2017, Fox Entertainment Group and 20th Century Fox formed FoxNext, which would handle video game developments, VR experiences and theme park businesses. [22]
After Disney completed the acquisition of the 21st Century Fox assets on March 20, 2019, Fox Entertainment Group assets became Disney properties and are now reorganized under other Disney units. [23] The Fox Entertainment name would later be used by the Fox Corporation for its entertainment assets. [24]
The original incarnation of News Corporation was an American multinational mass media corporation controlled by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New York City. Prior to its split in 2013, it was the world's largest media company in terms of total assets and the world's fourth largest media group in terms of revenue. It had become a media powerhouse since its inception, dominating the news, television, film, and print industries.
20th Century Studios, Inc., formerly 20th Century Fox, is an American film production and distribution company owned by the Walt Disney Studios, the film studios division of the Disney Entertainment business segment of The Walt Disney Company. It is headquartered at the Fox Studio Lot in the Century City area of Los Angeles, which is leased from Fox Corporation. Walt Disney Studios Motion Pictures distributes and markets the films produced by this studio in theatrical markets.
Major film studios are production and distribution companies that release a substantial number of films annually and consistently command a significant share of box office revenue in a given market. In the American and international markets, the major film studios, often known simply as the majors or the Big Five studios, are commonly regarded as the five diversified media conglomerates whose various film production and distribution subsidiaries collectively command approximately 80 to 85% of U.S. box office revenue. The term may also be applied more specifically to the primary motion picture business subsidiary of each respective conglomerate.
Searchlight Pictures, Inc. is an American independent film production and distribution company owned by Walt Disney Studios sub-division of Disney Entertainment, a business segment of the Walt Disney Company. Founded in 1994 as Fox Searchlight Pictures for 20th Century Fox, the studio focuses primarily on producing, distributing, and acquiring specialty films.
The Walt Disney Studios is a major division of the Disney Entertainment business segment of The Walt Disney Company best known for housing its multifaceted film studio divisions. Founded on October 16, 1923, and based mainly at the namesake studio lot in Burbank, California, it is the seventh-oldest global film studio and the fifth-oldest in the United States, a member of the Motion Picture Association (MPA) and one of the "Big Five" major film studios.
20th Century Home Entertainment is a home video distribution arm that distributes films produced by 20th Century Studios, Searchlight Pictures, Blue Sky Studios, and 20th Century Animation and several third-party studios, as well as television series by 20th Television, Searchlight Television, 20th Television Animation, and FX Productions in home entertainment formats.
New World Pictures was an American independent production, distribution, and multimedia company. It was founded in 1970 by Roger Corman and Gene Corman as New World Pictures, Ltd., a producer and distributor of motion pictures, eventually expanding into television production in 1984. New World eventually expanded into broadcasting with the acquisition of seven television stations in 1993, with the broadcasting unit expanding through additional purchases made during 1994.
ABC Family Worldwide is a subsidiary of the Disney Entertainment business segment of the Walt Disney Company that operates American basic cable channel Freeform and manages the programming libraries of BVS Entertainment and defunct brands Fox Kids and Jetix.
20th Television, Inc. is an American television production company owned by Disney Television Studios, a division of the Disney Entertainment business segment of the Walt Disney Company. Productions from this company are distributed on/in home media formats by Walt Disney Studios Home Entertainment through the 20th Century Home Entertainment banner.
Disney Platform Distribution, Inc. is a business unit within Disney Entertainment that manages all third-party media sales efforts for distribution, affiliate marketing and affiliate-related business operations for all of the company's direct-to-consumer services and linear media networks; content sales agreements for Disney Entertainment and ESPN.
BVS Entertainment, Inc., previously known as Saban Productions, Saban Entertainment and Saban International, is a subsidiary of the Walt Disney Company. Founded on April 24, 1980, as a music production company by Haim Saban and Shuki Levy, it slowly transitioned to or gravitated towards television production and distribution, where it is most known for producing and distributing children's programs for Fox Family/ABC Family and defunct channels Fox Kids and Jetix.
Fox Networks Group (FNG), formerly known as Fox International Channels (FIC), was the television networks division of News Corporation and later 21st Century Fox that operated from 1993 to 2021. It oversaw the production, broadcasting and distribution of the Fox, Fox Sports, National Geographic and BabyTV brands in the United States and over 1.725 billion households globally. The division also operated video on demand services Fox Play and Fox Plus.
Twenty-First Century Fox, Inc., which did business as 21st Century Fox (21CF), was an American multinational mass media and entertainment conglomerate based in Midtown Manhattan, New York City. It was one of the two companies formed on June 28, 2013, following a spin-off of the publishing assets of the old News Corporation as News Corp.
SIP Animation was a French animation studio, and a defunct subsidiary of BVS Entertainment. By 2009, the company had produced over 390 hours of animated content.
The acquisition of Twenty-First Century Fox, Inc. by The Walt Disney Company was announced on December 14, 2017, and was completed on March 20, 2019. Among other key assets, the acquisition included the 20th Century Fox film and television studios, U.S. cable channels such as FX, Fox Networks Group, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% stake in Hulu. Most remaining assets were not part of the deal and they were spun off into a new company called Fox Corporation on March 19, 2019. Other 21st Century Fox assets such as the Fox Sports Networks and Sky were divested and sold off to Sinclair and Comcast, respectively.
Fox Corporation is an American multinational mass media company headquartered at 1211 Avenue of the Americas in Midtown Manhattan. Incorporated in Delaware, it was formed as the portion of 21st Century Fox that was not acquired by The Walt Disney Company in 2019. The company is controlled by the Murdoch family via a family trust with 39.6% ownership share, and by Rupert Murdoch himself to the effect of almost 40%.
20th Century Family is a division of 20th Century Studios which produces family-friendly films and television programs. Besides theatrical films, the division oversees mixed media, family animated holiday television specials based on film properties, and feature films based on TV shows.