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21st Century Fox

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21st Century Fox
21st Century Fox
Coolcaesar at English Wikipedia · CC BY-SA 3.0 · source
Name21st Century Fox
Founded28 June 2013
FounderRupert Murdoch
Defunct20 March 2019
FateAssets acquired by The Walt Disney Company; remainder reorganized as Fox Corporation
LocationNew York City, New York, U.S.
Key peopleRupert Murdoch (Executive Chairman), Lachlan Murdoch (Executive Chairman), James Murdoch (CEO)
IndustryMass media
ProductsFilm, Television, Cable television

21st Century Fox was a prominent multinational mass media conglomerate that operated from 2013 until 2019. It was formed from the separation of the publishing assets of the former News Corporation, with the remaining media assets rebranded under this new entity. The company was a major force in film production through 20th Century Fox, television broadcasting via the Fox Broadcasting Company, and cable news with Fox News Channel. Its assets were ultimately acquired by The Walt Disney Company in 2019, with certain properties spun off into the newly formed Fox Corporation.

History

The company's origins trace back to the 2013 split of the original News Corporation, a move orchestrated by Rupert Murdoch to separate its lucrative entertainment assets from its slower-growing publishing divisions. This restructuring created the new News Corp for publishing and 21st Century Fox for media and entertainment. Key historical milestones for the entity included the 2014 attempted acquisition of Time Warner, which was ultimately withdrawn, and the 2017 sale of its majority stake in Sky plc to Comcast after a protracted bidding war. The most significant event in its history was the 2017 agreement to sell the bulk of its assets to The Walt Disney Company, a deal that closed in March 2019 following extensive regulatory scrutiny from the United States Department of Justice and authorities in other nations.

Corporate structure

21st Century Fox was headquartered at 1211 Avenue of the Americas in New York City, with major operational hubs in Los Angeles and London. The Murdoch family maintained effective control through the Murdoch family trust, which held a significant portion of the company's voting shares. Leadership was predominantly drawn from the Murdoch family, with Rupert Murdoch serving as Executive Chairman and his sons Lachlan Murdoch and James Murdoch holding key executive roles, including Chief Executive Officer. The company was publicly traded on the NASDAQ stock exchange under the ticker symbols FOXA and FOX.

Assets and divisions

The conglomerate's portfolio was vast and influential, spanning film, television, and cable. Its flagship film studio, 20th Century Fox, was responsible for major franchises like X-Men, Avatar, and Ice Age. Television operations included the Fox Broadcasting Company network, which aired hits such as The Simpsons and Empire, and the production studio 20th Television. Its cable network division was a powerhouse, featuring Fox News Channel, Fox Business Network, Fox Sports regional networks, and the general entertainment channels FX and National Geographic. The company also held significant international assets, including a 39% stake in the European broadcaster Sky plc and ownership of the Indian television network Star India.

The company faced numerous high-profile controversies, many centered on its cable news division. Fox News Channel was frequently criticized for perceived political bias and was the subject of several lawsuits, including sexual harassment allegations that led to the ousting of prominent figures like Roger Ailes and Bill O'Reilly. The parent company also dealt with the fallout from the News International phone hacking scandal, which originated at its sister publishing company in the United Kingdom. Furthermore, its attempted acquisition by The Walt Disney Company prompted antitrust reviews and legal challenges, while its news coverage of the 2016 United States presidential election and the administration of Donald Trump was a constant source of public and political debate.

See also

* News Corporation * Fox Corporation * The Walt Disney Company * List of assets owned by The Walt Disney Company * Media of the United States

Category:Mass media companies of the United States Category:Companies disestablished in 2019 Category:Fox Entertainment Group