About Fox, Inc.

Twenty-First Century Fox (formerly known as News Corporation) owns and operates a portfolio of cable, broadcast, film, pay television, and satellite assets spanning the globe. The company's massive portfolio of cable and broadcasting networks and properties includes FOX , FX , FXX, FXM, FS1, Fox News, Fox Business Network, Fox Sports, National Geographic Channels, MundoFox, STAR India, and nearly 30 local television stations in the US and more than 300 international channels;; film studio Twentieth Century Fox Film ; and television production studios Twentieth Century Fox Television and 50% ownership in Endemol Shine Group. In 2017, the company’s bid for full ownership of Sky plc was $14.8 billion.

Operations

Twenty-First Century Fox operates its business through the following segments: Cable Network Programming; Television; Filmed Entertainment; Direct Broadcast Satellite Television; and Other. Cable Network Programming consists of the production and licensing of programming distributed through cable television systems, direct broadcast satellite operators, and telecommunication companies.

Cable Network Programming consists of the production and licensing of programming distributed primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors in the US and internationally. Cable Network Programming is the company's largest segment. It accounted for nearly 55% of company’s total revenue in fiscal 2016.

The company's Television sement (representing about 20% of revenue) consists of the broadcasting of network programming in the US and the operation of nearly 30 full power broadcast television stations, including stations in New York, Los Angeles, and Chicago.

The Filmed Entertainment segment (representing more than 25% of revenue) consists of the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media worldwide. The segment also handles production and licensing of television programming worldwide.

Twenty-First Century provides content to millions of subscribers through its pay-television services in Europe and Asia, including Sky Deutschland, Sky Italia, and through equity interests in Sky plc and Tata Sky.

Geographic Reach

Headquartered in New York City, Twenty-First Century Fox operates in the US, Europe, Asia, Australia, and Latin America. The US and Canada account for more than 70% of total revenue. The company serves more than 1.8 billion subscribers in approximately 50 local languages every day.

Sales and Marketing

Twenty-First Century Fox spends billions on advertising and marketing promotions every year. Its advertising expenses were $2.2 billion in fiscal 2017.

The company sells its products through third party, distributors, digital platforms, domestic, and international channels. Twenty-First Century Fox provides video advertising services, including on-demand marketing campaigns and consumer engagement.

Financial Performance

Twenty-First Century Fox reported revenue of $28.5 billion for fiscal 2017. That was an increase of more than $1 billion compared to its revenue of $27.32 billion in fiscal 2016. Twenty-First Century Fox reported a net income of $2.95 billion in fiscal 2017. That was a slight increase compared fiscal 2016. The primary reason for the decrease in net income was decreased sales combined with increased expenses. The company ended fiscal 2017 with about $3.75 billion in cash flow from operations, which was an increase of $75 million compared to fiscal 2016.

Strategy

Twenty-First Century Fox's growth strategy is built around delivering standout creative output to power its core brands FOX, National Geographic, Fox News, FOX Sports, FX, and STAR India. The company is also focused on being a driver of innovation in customer experience and supporting the proliferation of consumer choices for accessing its content across multiple platforms.

Mergers and Acquisitions

In late 2016, Rupert Murdoch announced Twenty-First Century Fox had made an £11.7 billion bid for the remaining approximately 60% share of Sky plc that it didn't already own. The nature of the deal and the large market share the combined company would occupy makes it likely the deal will face a number of regulatory hurdles.

In January 2016, Twenty-First Century Fox and Osterhout Design Group (ODG) entered into a prelminary agreement for 21st Century Fox to acquire a minority stake in ODG, a leading augmented and virtual reality and smartglasses designer and manufacturer.

In February 2016, Twenty-First Century Fox acquired the remaining 7% interest in Regional Sports Network (RSN) for $225 million (it now owns 100%).

In fiscal 2015 Twenty-First Century Fox spent about $725 million to acquire the media assets of the National Geographic Society. Also during 2015, the company acquired the entirety of the broadcast business of MAA Television Network Limited (MAA TV), an entity in India that broadcasts and operates Telugu language entertainment channels, for approximately $346 million.

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Fox, Inc.

2121 Ave Of The Ste 1100
Los Angeles, CA 90067
Phone: 1 (310) 369-1000
Fax: 1 (310) 369-4407

Stats

  • Employer Type: Public
  • Chief Operating Officer: Matt Grimm
  • President: John Hyde
  • Executive Vice President And General Manager, North America: Simon Swart
  • Employees: 3,200

Major Office Locations

  • Los Angeles, CA
  • Beverly Hills, CA

Other Locations

  • Birmingham, AL
  • Huntsville, AL
  • Chicago, IL
  • South St Paul, MN