Fox Entertainment Group
Get Fox Entertainment Group essential facts below. View Videos or join the Fox Entertainment Group discussion. Add Fox Entertainment Group to your PopFlock.com topic list for future reference or share this resource on social media.
Fox Entertainment Group

Fox Entertainment Group
Division
Traded asNYSE: FOX
IndustryFilm
television
FateAssets dispersed to other Disney divisions
  • Name reused (without the word "Group") by Fox Corp. for its entertainment assets.
SuccessorsWalt 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")
FoundedJanuary 23, 1990; 29 years ago (1990-01-23)
FounderRupert Murdoch
DefunctMarch 20, 2019; 7 months ago (2019-03-20)
HeadquartersFox Plaza,
Century City, Los Angeles, California
,
United States
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)
Parent
DivisionsZero Day Fox
Subsidiaries
Websitewww.foxmovies.com Edit this on Wikidata

Fox Entertainment Group 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 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 & International.[1]

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.[2][3]

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

History

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.[4][5] 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.[6][6]

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.[7] 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.[8] On October 24, 2001, the sale was completed.[9]

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.[10] The company has traded on the NYSE since its launch under ticker symbol FOX until its acquisition in 2005 by News Corporation.[11]

In January 2005, shortly after News Corporation reincorporation in the United States, News Corp announced that it was buying out Fox.[12] The manoeuvre delisted Fox from the New York Stock Exchange; Fox Entertainment Group traded on the NYSE under the ticker FOX.[13]

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.[14][15]

In January 2017, Fox Entertainment Group and 20th Century Fox formed FoxNext, which would handle video game developments, VR experiences and theme park businesses.[16]

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.[17] The Fox Entertainment name would later be used for Fox Corporation for their entertainment assets.[18]

Units

Transferred to The Walt Disney Studios:

Transferred to Walt Disney Direct-to-Consumer & International

Transferred to Disney Parks, Experiences and Products:

See also

References

  1. ^ Hipes, Patrick (March 22, 2019). "After Trying Day, Disney Sets Film Leadership Lineup". Deadline Hollywood. Retrieved 2019.
  2. ^ "News Corp confirms plan to split the media giant". BBC News. June 28, 2012. Retrieved 2012.
  3. ^ "News Corp. Will Use Fox Name as Breakup Proceeds". Bloomberg. Retrieved 2012.
  4. ^ Thomas C. Hayes (June 20, 1984). "Rich to Sell Fox Stake to Davis". The New York Times.
  5. ^ Cole, Robert J. (May 7, 1985). "Murdoch to Buy & Tv Stations; Cost $2 Billion". The New York Times. ISSN 0362-4331. Retrieved 2019.
  6. ^ a b Wolff 2010, p. 167.
  7. ^ "Fox Family Worldwide Inc". Saban. Retrieved 2009.
  8. ^ "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.
  9. ^ "Haim Saban". Saban. Archived from the original on March 2, 2009. Retrieved 2009.
  10. ^ EDGAR Filing Documents for 0000950130-98-004085
  11. ^ FOX ENTERTAINMENT GROUP INC (FOX) IPO - NASDAQ.com
  12. ^ Lazaroff, Leon (January 11, 2005). "Murdoch to buy out Fox shares". Chicago Tribune. Retrieved 2012.
  13. ^ "News Corporation Completes Acquisition of Fox". News Corp. Retrieved 2012.
  14. ^ Welch, Chris (May 9, 2013). "21st Century Fox logo unveiled ahead of News Corp split". The Verge. Retrieved 2013.
  15. ^ Rushe, Dominic (June 18, 2013). "Rupert Murdoch splits empire but keeps faith in tomorrow's newspapers". The Guardian. Retrieved 2013.
  16. ^ McNary, Dave (January 18, 2017). "Fox Amps Up Immersive Business With FoxNext, Taps Salil Mehta". Variety. Retrieved 2017.
  17. ^ Littleton, Cynthia (March 19, 2020). "Disney Closes $71 Billion 21st Century Fox Deal". Variety. Retrieved 2019.
  18. ^ Holloway, Daniel (October 19, 2018). "Charlie Collier Named Fox Entertainment CEO; Gary Newman Exits". Variety. Retrieved 2019.

  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Fox_Entertainment_Group
 



 



 
Music Scenes