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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 the owner of 20th Century Fox, Fox News, and Fox Broadcasting Company. It is wholly owned and controlled by the American media conglomerate 21st Century Fox, which is chaired and partially owned by Rupert Murdoch. 21st Century Fox was formerly known as News Corporation, which 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 re-organization.[1][2]

Fox Entertainment Group
Division
IndustryFilm, television
Founded1990; 28 years ago (1990)
HeadquartersFox Plaza, ,
ProductsMotion pictures, television programs
RevenueIncrease $13.28 billion USD (2012)
Increase $3.3 billion USD (2012)
Increase $4.98 billion USD (2012)
Number of employees
12,100 (2012)
Parent21st Century Fox
Websitewww.21cf.com/businesses

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

Contents

HistoryEdit

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 subsidiariesEdit

See alsoEdit

ReferencesEdit

  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 February 23, 2009.
  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 February 23, 2009.
  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 linksEdit