 Logo used until 2019 | |
| Company type | Division |
|---|---|
| NYSE: FOX | |
| Industry | Film Television |
| Predecessor | TCF Holdings |
| Founded | January 23, 1990; 36 years ago (1990-01-23) |
| Founder | Rupert Murdoch |
| Defunct | March 20, 2019; 6 years ago (2019-03-20) |
| Fate | Assets dispersed to otherDisney divisions |
| Successors | Fox Entertainment(division ofFox Corporation, successor of the reused unit name for Fox Corp. entertainment operations without using the word "Group") Walt Disney Studios |
| Headquarters | Fox Plaza, Century City, Los Angeles, California ,U.S. |
| Products | Motion pictures television programs |
| Revenue |  $13.28 billionUSD (2012) |
| $3.3 billionUSD (2012) | |
| $4.98 billionUSD (2012) | |
Number of employees | 12,100 (2012) |
| Parent |
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| Subsidiaries | |
TheFox Entertainment Group (FEG) was an American entertainment company specialized infilmed entertainment owned by21st Century Fox. Following theacquisition of 21st Century Fox by Disney, the group's assets were dispersed to variousDisney units. The film studios20th Century Fox (now known as 20th Century Studios),Fox Searchlight Pictures (now known as Searchlight Pictures) andFox 2000 Pictures were transferred toWalt Disney Studios, whileFox Star Studios (now known as Star Studios) was transferred toDisney India.[1]
Its former owner, 21st Century Fox, previously known asNews Corporation, had 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 formedNews Corp as part of acorporate reorganization.[2][3]
FEG was indirectly named afterWilliam Fox, who createdFox Film. This would eventually merge withTwentieth Century Pictures to become20th Century Fox (now known as 20th Century Studios).[4]
Fox Entertainment Group was formed in the 1980s after the purchase of theMetromedia-ownedindependent stations by the20th Century Fox film studio, at the time jointly owned by Australian-American media mogulRupert Murdoch'sNews Corporation, andDenver billionaireMarvin Davis.[5][6] These stations would later become the foundation of theFox 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.[7]
In 1995,Saban entered into a joint venture with theFox children's television network to form Fox Kids Worldwide. In 1997 it was renamed Fox Family Worldwide.[8] On July 23, 2001, Saban announced that Fox Family Worldwide (nowABC Family Worldwide Inc.) would be sold toDisney.[9] On October 24, 2001, the sale was completed.[10]
On March 20, 1998, Fox Entertainment Group (under the management of Rupert Murdoch) purchased theLos Angeles Dodgers from Peter O'Malley on $311-million of dollars. On January 20, 2004, Fox Entertainment Group sold the Dodgers to Frank McCourt.[11][12][13][14][15]
On August 14, 1998, Fox launched aninitial public offering as a publicly traded company, trading on theNew York Stock Exchange (NYSE,) while Fox Entertainment Group's address has been moved from Los Angeles to New York City.[16] The company has traded on the NYSE since its launch under ticker symbolFOX until its acquisition in 2005 by News Corporation.[17]
In January 2005, shortly after News Corporation reincorporation in the United States, News Corp announced that it was offering $5.9 billion to buy out the remaining 18% of shares in Fox that News Corporation did not already own.[18] The maneuver delisted Fox from theNew York Stock Exchange; Fox Entertainment Group traded on the NYSE under the tickerFOX.[19]
In 2012,Rupert Murdoch announced that News Corporation would be split into two publishing and media-oriented companies: anew News Corporation, and21st Century Fox, which operated the Fox Entertainment Group and20th 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.[20][21]
In January 2017, Fox Entertainment Group and20th Century Fox formedFoxNext, which would handle video game developments, VR experiences and theme park businesses.[22]
AfterDisney completed theacquisition of the21st Century Fox assets on March 20, 2019, Fox Entertainment Group assets became Disney properties and are now reorganized under other Disney units.[23] TheFox Entertainment name would later be used by theFox Corporation for its entertainment assets.[24]
