 Logo used since 2019 | |
 Headquarters at1211 Avenue of the Americas | |
| Company type | Public |
|---|---|
| ISIN | |
| Industry | Media |
| Predecessor | 21st Century Fox |
| Incorporated | Reno,Nevada |
| Founded | March 19, 2019; 6 years ago (2019-03-19) |
| Founder | Rupert Murdoch |
| Headquarters | 1211 Avenue of the Americas,, |
Area served | Worldwide |
Key people |
|
| Products | Television programs Web portals |
| Services | Broadcasting Licensing Streaming Television |
| Revenue |  US$13.98 billion (2024) |
| US$1.837 billion (2024) | |
 US$1.501 billion (2024) | |
| Total assets | US$21.97 billion (2024) |
| Total equity | US$10.71 billion (2024) |
| Owner | Lachlan Murdoch (36% voting power) |
Number of employees | 10,200 (2024) |
| Divisions | |
| Website | foxcorporation.com |
| Footnotes / references Financials as of fiscal year ended June 30, 2024. References:[update][2][3][4][5][6] | |
Fox Corporation (commonly referred to asFox Corp or simplyFox) is an American multinational mass media company headquartered at1211Avenue of the Americas inMidtown Manhattan andincorporated inReno,Nevada,[7] with offices also inBurbank,California. Named afterWilliam Fox andincorporated in Delaware, it was formed as a spin-off of21st Century Fox's television broadcasting, news, and sports assets on March 19, 2019.[8][9][10][11] 21CF went defunct the next day. The company is controlled byLachlan Murdoch through a family trust with 36% voting shares.[12][13]Rupert Murdoch is chairman emeritus, while his sonLachlan Murdoch is chairman and CEO.
Fox Corp deals primarily in the television broadcast, news, andsports broadcasting industries. Its assets includeFox Broadcasting Company,Fox Television Stations,Fox News,Fox Business,Fox Sports,Tubi,Fox One and others. Murdoch's newspaper interests and other media assets are held byNews Corp, which is also under his control and was split fromNews Corporation in 2013, alongside 21CF. On September 21, 2023, Rupert Murdoch announced that he was retiring as the chairman of Fox Corp, effective November 2023.[14]
On December 14, 2017,the Walt Disney Company announced itsintent to acquire the motion picture, television production, cable entertainment, and direct broadcast satellite divisions of21st Century Fox (the formerNews Corporation, which spun offits publishing assets in 2013), including20th Century Fox andFX Networks, for $52.4 billion. The remainder of the company would form a so-called "New Fox", maintaining control of assets such as Fox'stelevision network andbroadcast stations (which Disney, already owningABC, would be legally unable to own due to anFCC policy known as the "dual network rule", which prohibits mergers between the top broadcast networks),Fox News, the national operations ofFox Sports, and the20th Century Fox studio lot, which would be leased to Disney for seven years. Fox'sregional sports networks were also included in the sale, but were later divested by order of theDepartment of Justice, on the grounds that the Fox regional networks' combination with Disney's 80% ownership ofESPN would make Disney too dominant in the cable sports market.[15][16][17][18][19]
In May 2018, it was confirmed thatLachlan Murdoch, rather thanJames Murdoch, would take charge of the New Fox company.[4]
In mid-2018,NBCUniversal's parent companyComcast instigated bidding wars over both the Fox assets Disney planned to purchase, and the British broadcasterSky plc (a company that 21st Century Fox held a stake in, and was planning to acquire the remainder). In July 2018, Fox agreed to an increase of Disney's offer to $71.3 billion to fend off Comcast's counter-bid.[20][21] British regulators ordered that ablind auction be held for Sky's assets, which was won by Comcast.[22]
On October 10, 2018, it was reported that in preparation for the impending completion of the sale, the new, post-merger organizational structure of "New Fox" would be implemented by January 1, 2019.[5] On November 14, 2018, it was revealed that the new independent company would maintain the original Fox name.[23] On January 7, 2019, Fox Corporation'sregistration statement was filed by theU.S. Securities and Exchange Commission.[24]
On January 11, 2019, Fox stated in a securities filing that it had no plans to bid on its former regional sports networks;[8] they would instead go to a consortium led bySinclair Broadcast Group, with Fox Corp continuing to license the FSN name to those stations until Sinclair developed a new brand (the networks would eventually becomeBally Sports).[25] On March 12, 2019, Disney announced that the sale would be completed by March 20, 2019.[26] On March 19, 2019, Fox Corp officially began trading on theS&P 500, replacing 21st Century Fox on the index.[10] Republican politician and formerSpeaker of the HousePaul Ryan also joined Fox Corp's board at this time.[3]
Under the terms of the acquisition, Disney would remove the Fox brand usage by 2024, to avoid confusion with Fox Corp.[27]
Fox Corp began operating separately on March 19, 2019.[3] Chairman and CEO Lachlan Murdoch led a town hall meeting three days later, indicating that stock would be issued to the corporation's employees based on longevity.[28]
In May 2019, via the Fox Sports division, Fox Corp acquired a 4.99% stake in Canadianonline gambling operatorThe Stars Group for $236 million. As a result, it was also announced that the companies would co-developsports betting products for the U.S. market under the branding Fox Bet.[29]
In early July 2019, Fox Entertainment announced the formation of SideCar, with executives led byGail Berman. SideCar was a content development unit for Fox and other outlets.[30] In June 2020, SideCar was shut down by Fox.[31]
In August 2019, Fox Corp acquired a 67-percent majority stake inCredible Labs for $397 million and animation studioBento Box Entertainment for $50 million.[32][33][34] On April 20, 2020, Fox Corp acquired streaming serviceTubi for $440 million.[35][36] In September 2021, Fox Corp acquiredTMZ fromWarnerMedia in a deal worth about $50 million, with TMZ being operated under theFox Entertainment division.[37] In December 2021, Fox Corp acquired the film and television production studioMarVista Entertainment.[38][39]
In September 2022, Fox Corp announced the launch of Fox Entertainment Studios. This is the company's first venture into entirely in-house television production. The studio's first show,Monarch, premiered on September 11, 2022.[40] Fox also announced that Fox Entertainment would re-enter the international distribution business by launching a sales unit called Fox Entertainment Global.[41]
On October 14, 2022, it was announced that, under the instruction of Rupert Murdoch, a special committee had been established to explore a potential merger of Fox andNews Corp, bringing the two companies back together since the former 21st Century Fox was spun-off from News Corp in 2013.[42] AlthoughLachlan Murdoch supported his father in the proposal,James Murdoch opposed it, as did many shareholders.[43] On January 24, 2023, the proposed merger was abandoned by Murdoch.[44][45]
In April 2023, Fox announced it would be forming Tubi Media Group. This would be a standalone digital business unit, encompassing Tubi, Credible Labs, Blockchain Creative Labs, along with several other Fox digital sports, news and entertainment platforms[46] and teams, in whichPaul Cheesbrough was announced as CEO.[47][needs update]
In September 2024, Rupert Murdoch applied to a Nevada probate court to remove voting rights from his children other than Lachlan, as set out in the irrevocable family trust. The other siblings,Prudence MacLeod,Elisabeth Murdoch, andJames Murdoch, are more moderate politically than their father or brother, and Rupert was keen to keep the conservative political bias in his media outlets. On December 9, 2024,The New York Times reported that the court had ruled against the Murdochs, who, the probate commissioner wrote, had acted inbad faith when trying to change the trust.[48][49]
In February 2025, Fox acquired the podcast and media company Red Seat Ventures, in a move to expand Fox's reach into the podcast market. Red Seat Ventures would continue to operate as an independent company, and be placed under Tubi Media Group.[50]
In May 2025, Fox announced plans to launchFox One, a new American streaming service targetingcord-cutters and cord-nevers, which includes the Fox broadcast network and the company's cable channels. The service launched on August 21.[51][52]
In June 2025, Fox announced the acquisition of Caliente TV, a Mexican sports broadcasting platform. As a result, this would allow Fox to expand its portfolio of sports-related programming as well as establishing a firmer hold in sports broadcasting in Mexico. To help lead this company, Fox named Carlos Martinez as executive vice president and managing director of Latin America for the Fox Corp.[53][54]
In July 2025, Fox Corporation announced that it would acquire a one-third stake in Penske Entertainment, parent company of theIndyCar Series andIndianapolis Motor Speedway. The acquisition includes an unspecified extension of itsmedia rights to the IndyCar Series, which began in the 2025 season.[55]
In October 2025, Fox Entertainment invested in vertical video companyHolywater. As part of the deal, Fox Entertainment Studios will create and produce more than 200 vertical video titles for My Drama over the next two years.[56]
The company consists of the former21st Century Fox's media and broadcasting properties that were owned by its predecessor, such as theFox Broadcasting Company andFox Sports Media Group.[57]
