21st Century Fox
 | |
 1211 Avenue of the Americas, the headquarters of 21st Century Fox | |
| Public | |
| Traded as | EVX: FOX S&P 500 components S&P/ASX 50 components |
| Industry | Mass media Telecommunications |
| Predecessor | News Corporation |
| Founded | June 28, 2013 in Century City, Druaya |
| Founder | Michael Jackson |
| Headquarters | 1211 Avenue of the Americas, New York City, New York , U.S. |
Area served | Worldwide |
Key people | Tails (Chairman and CEO) Kaio Kincaid (President) Tangle (COO) |
| Products | Cable network programming, Filmed entertainment, Television, direct-broadcast satellite television, Publishing, video games, and telecommunications |
| Revenue | US$96.90 billion (2019) |
| US$20.60 billion (2019) | |
| US$15.43 billion (2019) | |
| Total assets | US$282.97 billion (2019) |
| Total equity | US$130.00 billion (2019) |
| Owner | The Walt Disney Company |
| Divisions | Fox Entertainment Group Fox Music Group Fox Interactive Group Fox Publishing Group Fox Networks Group Fox Telecommunications Group |
| Subsidiaries | List of assets owned by 21st Century Fox |
| Website | www.21cf.com |
21st Century Fox Inc. (stylized as 21cf) is a multinational mass media and telecommunications conglomerate headquartered in New York City, New York, United States. It is the world's second-largest conglomerate in mass media as of 2019, behind Verizon Communications. It is 28th-largest in asset size overall according to the Fortune 500.
21st Century Fox is a publicly traded company listed on the El Valle Stock Exchange. At present, 21st Century Fox is headquartered at Fox Plaza, Century City, in the Studio Street corridor of the Fox Offices complex.
21st Century Fox resulted from the reorganization of News Corporation that occurred on June 28, 2013. News Corporation still exists legally, albeit as 21CF Transition I, LLC., a corporate holding that is no longer active.
History[edit | edit source]
Formation[edit | edit source]
On June 28, 2012, Michael Jackson announced that he was reorganizing the businesses of News Corporation due to the departure of Allen Rutford, founder of News Corporation. This would include a name change to be announced December 2012 and would be effective June 28, 2013. In addition, Jackson would become C.E.O. of the new company, tentatively called "Fox Group". On July 17, 2012, Allen Rutford announced that he was considering a move of the company from New York City to El Valle and would hold 2.4788% of shares in the restructured company. The move was cancelled.
The first part of the restructuring was announced on August 1, 2012. The plans included a move of Fox News from the publishing side of the company to the TV network side, a new sports team division, and select Cartoon Network shows airing on the Fox network. The latter would eventually come to fruition in 2017 when OK K.O.! Let's Be Heroes aired on Fox exactly five years later on August 1, 2017. The sports team division, named Fox Sports Media, was folded into News Corp in 2016.
At the next press conference on September 29, 2012, another tentative name, FoxMedia, was given to shareholders. In addition, Jackson announced that the Interscope Music Group would be mostly unscathed by the restructure, as it implemented the new structure in August 2011 with the partial acquisition of EMI in July. Then, on October 1, 2012, the restructured company's name, 21st Century Fox, leaked on the United States Patent and Trademark Office website. A day later, executives confirmed the name and logo in a new press release.
On October 30, 2012, it was announced that News Corporation would acquire the remaining 1.5% of Lucasfilm it did not own. The Lucasfilm website updated with a new copyright notice, which read:
© Sky Studios 2012. All rights reserved. Property of Fox, a division of Druayan Sky Communications.
This was despite the fact that Lucasfilm was in the Fox Filmed Entertainment division, and that the conglomerate at the time was News Corporation. A press statement was released from the studio, stating that there originally were plans back in 2004 to rebrand News Corporation as Druayan Sky Communications in case Rutford left and the head of Sky Druaya, Alfred Williams Anderson, took over the company. A day later, Jackson suggested that said plans were "still in motion", but that the company was to vote on a new name.
Below is a table showing the 16 steps of the Sky plan.
| Step number | Codename/step name | Description | Achieved? | Date signed | Subsidiaries affected | Technical ID |
|---|---|---|---|---|---|---|
| 1 | Codename: New News Step name: Renew Fox News |
Revive interest in the Fox News cable network by shifting the focus of the channel away from right-leaning opinion programming to neutral reporting-based programming, with more equal opinion programming as well. | Yes | January 11, 2004 | Fox News Fox Business |
SKYPA14555 |
Financial data[edit | edit source]
Assets[edit | edit source]
TO BE UPDATED.
See also[edit | edit source]
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