What is Twenty-First Century Fox?
Twenty-First Century Fox Inc. (FOXA) is a US-based, global mass media corporation. Together with its subsidiaries, the company operates in the following industries: Cable Network Programming, Filmed Entertainment, Television, and Direct Broadcast and Satellite TV. Their diversified services include producing news, movies, sports, entertainment TV programs, as well as advertising and on-demand marketing campaigns. Twenty-First Century Fox Inc. is headquartered in New York City, New York.
A short history of the company
1904 – William Fox a Hungarian immigrant to the USA, started screening hand-cranked films in New York City.
1915 – Fox founded the Fox Film Corporation. Initially it was established in New Jersey, the company soon relocates to Southern California.
1935– The company merges with 20th Century Pictures forming 20th Century Fox (Twentieth Century Fox).
1930s– Shirley Temple, the famous child actress, brings fame and profits to the company.
1950s– 20th Century Fox’s popularity and profit is challenged by the advent of the TV era, sparking a decline in cinema visits.
1960s– The era of big budget. 20th Century Fox releases several well-performing films including ‘Cleopatra’, ‘Planet of the Apes’ and the ‘Sound of Music.’
1970s– ‘May the force be with you’, the 1970s saw the advent of an empire for Fox with the release of the first Star Wars film.
1980s– 20th Century Fox was bought by Rupert Murdoch, the Australian media businessman, making it a subsidiary of News Corp. As a result of subsequent acquisitions, the Fox TV network is launched. One its primary money makers is launched, the famous “The Simpsons” cartoon.
1990s– Fox News is launched. 20th Century Fox, in partnership with Paramount, releases the blockbuster Titanic.
2000s– Another blockbuster, Avatar, is released as a ground-breaking 3-D film.
2011– The News of the World, a subsidary of Murdoch’s empire, is involved in a media scandal, prompting legal and ethical investigations about media practice.
2013– 21st Century Fox, in its current form, is founded as part of the Murdoch empire split. The separation of the entertainment and news sections of the company meant that 21st Century Fox was now a separate entity.
2017– Disney begins its acquisition of 21st Century Fox, in a $52.4 billion deal said to be completed by mid-2019.
About the business
Twenty-First Century Fox is divided into four business areas: Cable Network Programming, Television, Filmed Entertainment and Direct-Broadcast Satellite Television.
The company also has a number of subsidiaries, including: 20thCentury Fox, Sky plc, Endemol Shine Group, Fox Television Stations, National Geographic, Partners, Hulu, Star TV, TrueX, Fox Digital Entertainment, FoxNext and Fox VFX Labs.
It is currently headed by James Murdoch, acting CEO, with Rupert Murdoch as Executive Chairman, Lachlan Murdoch as Executive Chairman, and Peter Rice as President.
Revenue for 2017 – $28.5 billion
Net income for 2017 – $2.95 billion
Total equity in 2017 – $16.9 billion
Total assets in 2017 – $50.7 billion
Employees (2016) – 21,500 people
Where is Twenty-First Century Fox traded?
Twenty-First Century Fox is traded on the NASDAQ exchange under the trading name 21stCentury Fox, with the ticker symbol FOXA for Class A stock, and FOX for Class B stock. It is a component of the NASDAQ-100, the S&P 100 and S&P 500. Explore Twenty-First Century Fox and dive into FOXA charts with Capital.com. Trade on this media giant.