21st Century Fox
1211 Avenue of the Americas:
headquarters of 21st Century Fox
|Trading name||21st Century Fox|
|Traded as||Class A NASDAQ: FOXA|
Class B NASDAQ: FOX
NASDAQ-100 Components (FOX and FOXA)
S&P 500 Component (FOXA)
|When it was created||June 28, 2013|
New York City, United States
|People who started it||Rupert Murdoch|
|Headquarters||1211 Avenue of the Americas, New York City, New York, United States|
|Key people||Rupert Murdoch |
(Chairman and CEO)
(President and COO)
|Things made||Broadcast media, film, entertainment|
|Money earned||US$ 31.867 billion (2014)|
|Operating income||US$ 5.189 billion (2014)|
|Net income||US$ 4.514 billion (2014)|
|Total assets||US$ 54.793 billion (2014)|
|Total equity||US$ 17.418 billion (2014)|
|Parent||The Murdoch Family (sale pending to The Walt Disney Company)|
|Subsidiaries||List of subsidiaries|
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. On January 11, 2019, the deal is expected to close between February to March 2019.
References[change | change source]
- "2014 Annual Report". 21st Century Fox. August 6, 2013. Retrieved July 25, 2014.
- "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.