21st Century Fox
|21st Century Fox|
|Fate||Majority of assets sold to The Walt Disney Company; portions of assets sold to Comcast, Sinclair Broadcast Group, and Yankee Global Enterprises; remaining assets spun off to Fox Corporation.|
|Founded||June 28, 2013|
|Defunct||March 20, 2019|
|Headquarters||1211 Avenue of the Americas, |
New York City, New York,
|Revenue||US$30.4 billion (2018)|
|US$4.4 billion (2018)|
|US$4.5 billion (2018)|
|Total assets||US$53.8 billion (2018)|
|Total equity||US$19.6 billion (2018)|
Number of employees
|Footnotes / references|
It is one of two companies made from the 2013 split of News Corporation (founded by Rupert Murdoch in 1979). 21st Century Fox has the broadcasting and movie assets and serves as the legal successor to News Corporation. The publishing assets were spun off to form News Corp at the same time. The split was so both companies operate under more "focused" management, which Murdoch claimed would "unlock" their true value.
Among the holdings of 21st Century Fox are Fox Entertainment Group. This owns the 20th Century Fox film studio and Fox television network. There are other assets, such as the pan-Asian pay channel operator Star India.
On December 14, 2017, The Walt Disney Company said that they would acquire a lot of 21st Century Fox's subsidiaries for $52 billion USD. This includes the 20th Century Fox studio and Fox's partnership with National Geographic. Some subsidiaries like Fox Broadcasting Company and Fox News Channel will still be a part of 21st Century Fox. The deal closed on March 20, 2019.
References[change | change source]
- Ozanian, Mike (March 8, 2019). "New York Yankees Buy Back YES Network For $3.47 Billion". Forbes. Retrieved March 20, 2019.
- "Twenty-First Century Fox 2018 Annual Report Form (10-K)". U.S. Securities and Exchange Commission. August 13, 2018. Retrieved August 23, 2018.
- "2013 Annual Report". 21st Century Fox. August 6, 2013. Retrieved July 25, 2014.
- "Disney Acquired Fox And The Results Could Be Huge". BookMyShow. 15 December 2017.