Fox Entertainment Group

The Fox Entertainment Group is an American entertainment company that operates through four segments, mainly filmed entertainment, television stations, television broadcast networks, and cable network programming. The company is wholly owned and controlled by the American media conglomerate 21st Century Fox, which is owned and chaired by Rupert Murdoch, since his company News Corp acquired all the stock of Fox. The transaction was completed on March 12, 2005. The division was part of the renamed 21st Century Fox after it had spun off its publishing divisions into the newly formed "New" News Corporation in 2013 as part of a corporate re-organization.[1][2]

It is named after William Fox, born Vilmos Fried, who created the original 20th Century Fox Film Corporation.

Fox Entertainment Group
Division
Industry Film, television
Founded 1990
Headquarters Fox Plaza, Century City, Los Angeles, California, United States
Products Motion pictures, television programs
Revenue Increase $13.28 billion USD (2012)
Increase $3.3 billion USD (2012)
Increase $4.98 billion USD (2012)
Number of employees
12,100 (2012)
Parent
Website www.21cf.com/businesses

History

Fox Entertainment Group was formed in the 1990s 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. 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.

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.[3] 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.[4] On October 24, 2001, the sale was completed.[5]

In 2013, Fox Networks Group launched the new channel FXX, which leans toward comedy shows and targeting younger viewers, and relaunched the FXM program block on Fox Movie Channel as a full-fledged network. Together with the flagship FX, they would form the FX Networks division.[6]

Corporate divisions and subsidiaries

Motion picture

Television production and distribution

Television stations

Television broadcast network

Broadcast syndication service

Cable network programming

Fox Networks Group

Fox Sports Media Group

Fox Latin America

International

Others

  • FoxNext (Video game and theme park development)

See also

References

  1. ^ "News Corp confirms plan to split the media giant". BBC News. June 28, 2012. Retrieved June 28, 2012.
  2. ^ "News Corp. Will Use Fox Name as Breakup Proceeds". Bloomberg. Retrieved December 3, 2012.
  3. ^ "Fox Family Worldwide Inc". Saban. Retrieved 2009-02-23.
  4. ^ "News Corp. and Haim Saban Reach Agreement to Sell Fox Family Worldwide to Disney for $5.3 Billion". saban. July 23, 2001. Archived from the original on April 21, 2009. Retrieved 2009-02-23.
  5. ^ "Haim Saban". Saban. Archived from the original on March 2, 2009. Retrieved February 23, 2009.
  6. ^ Lafayette, Jon (January 21, 2013). "Fox Doubling Down on FX In a Bet on Cable Nets". Broadcasting & Cable. p. 4.

External links

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