The company was formed in 2019 as a result of the acquisition of 21st Century Fox by The Walt Disney Company. It is owned by the Murdoch family via a family trust with 39% interest. Rupert Murdoch is chairman, while his son Lachlan Murdoch is executive chairman and CEO. Fox Corp. deals primarily in the television broadcast, news, and sports broadcasting industries.
About Fox Corporation in brief
Fox Corp. is an American mass media company headquartered in Midtown Manhattan, New York City. The company was formed in 2019 as a result of the acquisition of 21st Century Fox by The Walt Disney Company. It is owned by the Murdoch family via a family trust with 39% interest. Rupert Murdoch is chairman, while his son Lachlan Murdoch is executive chairman and CEO. Fox Corp. deals primarily in the television broadcast, news, and sports broadcasting industries. They include the Fox Broadcasting Company, Fox Television Stations, Fox News, Fox Business, the national operations of Fox Sports, and others.
Its sister company under Murdoch’s control, the present-day News Corp, holds his print interests and other media assets. In August 2019, Fox announced it would acquire Credible Labs for USD 397 million and animation studio Bento Box Box for USD 50 million. In April 2020, Fox acquired streaming service Tubi for USD 440 million. Fox Corporation acquired a 4. 99% stake in Canadian online gambling operator The Stars Group for USD 236 million.
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This page is based on the article Fox Corporation published in Wikipedia (as of Dec. 07, 2020) and was automatically summarized using artificial intelligence.
