Fox Entertainment Group
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Fox Entertainment Group was an American network of studios specializing in filmed entertainment owned by 21st Century Fox. Following the acquisition of 21st Century Fox by Disney, the group's assets were folded into various Disney units. The film studios 20th Century Fox, Fox Searchlight Pictures and Blue Sky Studios were transferred to Walt Disney Studios, whilst Fox Star Studios transferred to Walt Disney Direct-to-Consumer and International.
|Fate||Assets dispersed to other Disney divisions|
|Successors||Walt Disney Studios|
Walt Disney Direct-to-Consumer and International
Disney Parks, Experiences and Products
|Founded||January 23, 1990|
|Defunct||March 20, 2019|
|Products||Motion pictures, television programs|
|Revenue||$13.28 billion USD (2012)|
|$3.3 billion USD (2012)|
|$4.98 billion USD (2012)|
Number of employees
|Parent||21st Century Fox|
|Divisions||Zero Day Fox|
Its former owner, 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.
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. 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. 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. On October 24, 2001, the sale was completed.
Transferred to Walt Disney Studios:
- 20th Century Fox
- Fox 2000 Pictures (defunct)
- Fox Searchlight Pictures
- Blue Sky Studios
- New Regency Productions (80%, joint venture with Regency Enterprises)
- Fox Studios Australia
- Zero Day Fox
Transferred to Disney Direct-to-Consumer and International
Transferred to Disney Parks, Experiences and Products:
- Hipes, Patrick (March 22, 2019). "After Trying Day, Disney Sets Film Leadership Lineup". Deadline. Retrieved March 27, 2019.
- "News Corp confirms plan to split the media giant". BBC News. June 28, 2012. Retrieved June 28, 2012.
- "News Corp. Will Use Fox Name as Breakup Proceeds". Bloomberg. Retrieved December 3, 2012.
- Cole, Robert J. (May 7, 1985). "Murdoch to Buy & Tv Stations; Cost $2 Billion". The New York Times. ISSN 0362-4331. Retrieved April 12, 2019.
- "Fox Family Worldwide Inc". Saban. Retrieved February 23, 2009.
- "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.
- "Haim Saban". Saban. Archived from the original on March 2, 2009. Retrieved February 23, 2009.
- Littleton, Cynthia (March 19, 2020). "Disney Closes $71 Billion 21st Century Fox Deal". Variety. Retrieved March 27, 2019.