20th Century Fox (Film)

Posted on September 30, 2015 by Derrick Owens

By Derrick Owens

20th Century Fox Logo [1] Source: foxmovie.com

Twentieth Century Fox Film Corporation

10201 W Pico Blvd

Los Angeles, CA 90064

http://www.foxmovies.com/

Overview

Twentieth Century Fox Film Corporation, commonly referred to as 20th Century Fox or Fox, is an international film production and distribution company headquartered in Los Angeles, California. 20th Century Fox is a subsidy of the 21st Century Fox Corporation, which also owns assets in television stations, television broadcast networks, and cable network programming. Fox is a part of the “Big Six” film studios, which includes Columbia, Warner Brothers, Disney, Universal, and Paramount. The “Big Six” serve as Fox’s main competition. 20th Century Fox owns the rights to a number of valuable franchises including, X-Men, Ice Age, Die Hard, and Planet of the Apes. Fox is also known for distributing the two highest grossing films of all-time, Avatar and Titanic, both of which were directed by James Cameron [2].

Key Executives

Jim Gianopulos, Chairman and CEO [3]

Stacey Snider, Co-Chairman [4]

History

The origins of 20th Century Fox began in 1915 when film distributor William Fox established his own film production company after moving out to Los Angeles called Fox Films. In 1935, Twentieth Pictures’ Joseph Schenck and Darryl F. Zanuck left United Artists and merged with Fox Films to create the 20th Century Fox Film Corporation [6].

From the 1952 film Viva Zapata! [5] Source: Wikepdia.com

In 1981, the company was sold to investors Marc Rich and Marvin Davis. They subsequently sold the company to Rupert Murdoch, who merged the company into his own media conglomerate, News Corp, in 1985. News Corp was split into two companies in 2013. There is now the new News Corporation, which contained most of Murdoch’s print media assets, and 21st Century Fox, which specializes in filmed entertainment and is the current parent company of 20th Century Fox [7].

Finances

In the last fiscal year (June 30, 2014 – June 30, 2015), 20th Century Fox put out 25 films into general release domestically and they plan on releasing another 25 in fiscal 2016. Of those 25 planned films, Fox has already released six titles including Fantastic Four, The Martian, and The Peanuts Movie. Fox’s most anticipated movies yet to be released in 2016 include Deadpool, X-Men: Apocalypse, and Independence Day Resurgence [8].

20th Century Fox produces and distributes its films through a number of internal units:

Twentieth Century Fox and Fox2000 handles films for mainstream audiences.

Logo for Fox Searchlight [9] Source: foxsearchlight.com

Fox Searchlight Pictures produces and releases smaller, independent films for specialized audiences.

Twentieth Century Fox Animation produces and distributes feature length-animated films

Fox International Productions, Inc. co-produces and acquires local-language films for distribution worldwide.

Fox generates money from its films by distributing the films theatrically (domestically and internationally), through home media formats (such as digital distribution), on premium pay and SVOD, and on television and cable networks. Last year, the domestic home entertainment division for Fox released or re-released approximately 1,268 produced and acquired titles [10].

For fiscal 2015, revenues at the Filmed Entertainment segment decreased $154 million, or 2%, as compared to fiscal 2014. Increased production and marketing costs as well as a decrease in home entertainment sales led to the change. 20th Century Fox’s parent company, 21st Century Fox Corporation, has seen their stock dip in the last year. After reaching a high of $37.49 in December of 2014, the stock has fallen to its lower point since January 2012. In September it stood at only $25.41. Even with the drop of its stock prices, 21st Century Fox Corporation saw profit increase by 54% in 2015 compared to the previous year. Profits were at $8.306 billion in 2015 versus $4.514 billion in 2014 [11].

In Theatres

The Martian

Directed by Ridley Scott and starring Matt Damon, Jessica Chastain, Kristen Wiig, and Jeff Daniels, The Martian is a science-fiction adventure film produced and distributed by Fox. It was released on October 2, 2015 and posted the second highest October opening weekend of all time with a $54.3 million haul. It has gone on to be Fox’s most successful film of the year thus far bringing in over $217 million domestically and nearly $500 million worldwide. It’s production budget of $108 million means the film will be significantly profitable for the corporation. The film’s box office revenue has the possibility of growing even further as many Oscar analyst predict it will be in the running for best picture, best director, and best actor. The Martian is unique because it is a standalone, original film which has achieved worldwide success [12].

The Maze Runner: Scorched Trials

This sci-fi action-adventure film is a sequel to the 2014 hit Maze Runner. The film opened on nearly the same weekend as its predecessor and opened slightly under expectations. Scorched Trials brought in $30.3 million in its first weekend after opening on September 18, which was down from the 32.5 million opening of Maze Runner.

The film, based off of the popular novel series, is directed by Wes Ball and stars Dylan O’Brien, Kaya Scodelario, and Thomas Brodie-Sangste. Even though it has only grossed $80.9 million domestically with a $61 million production budget, Scorched Trials has been saved by its international performance. It has grossed over $230 million overseas, which motivated Fox to greenlight the film’s sequel, Maze Runner: The Death Cure, due out in 2017 [13].

The Peanuts Movie

This family animation film was released by Fox as part of their distribution deal with Blue Sky Studios. It was the first feature film in the Peanuts franchise in 35 years. It took over eight years to make, because the family of Charles Schultz, the creator of the comic, wanted the film to done with respect to his original work [14]. The film opened to $44.2 million on the weekend of November 6, playing as counter-programming to Spectre, Although there are still a few major international markets left to open, Peanuts has 92.6% of its revenue coming from domestic totals as of 11/29. The film has been a domestic hit with $116.7 million grossed so far, but international performance may need to increase before the $99 million production can be called profitable [15].

News and Developments

20th Century Fox has three films to be released before the end of 2015. The first film is Alvin and the Chipmunks: The Road Chip, which is due out December 18. Fox hopes to continue the success of the franchise, which has banked over $1.1 billion at the box office [16]. The other two films, The Revenant and Joy, are being distributed in limited release on December 25 before going wide in January. These two films are both expected to be major Oscar players and they star Leonardo DiCaprio and Jennifer Lawrence respectively [17].

Oculus Video by Oculus VR [22] Source: roadtovr.com

Fox signed an agreement with Oculus VR, making it the first major movie studio to invest in virtual reality as a way of showing their films. Over 100 films from Fox’s library will be released in the virtual reality cinema Oculus Video [18].

Fox International Productions entered into an exclusive first look deal with Paul Heth and Michael Schlicht for Russian-language films. The duo is known for their successes as they have overseen five of the ten highest grossing local language films in the modern Russian film era [19].

Planned 20th Century Fox World Theme Park in Dubai [21] Source: variety.com

Fox announced plans to open its first Fox-branded resort in Dubai featuring rides based off of its most popular films including Titanic, Aliens, Predator, and Ice Age. It will open in 2018 and is planned to cost approximately $850 million [20].

Sources

[1] 20th Century Fox Logo. Fox Movies. Retrieved November 30, 2015

[2] About. Fox Movies. Retrieved November 30, 2015

[3] James N. Gianopulos. 21st Century Fox. Retrieved November 29, 2015

[4]. Stacey Snider. Variety. Retrieved November 30, 2015

[5] From the 1952 film Viva Zapata! Wikipedia. Retrieved November 30, 2015

[[6] About. Fox UK. Retrieved November 29, 2015

[7] Welch, Chris. May 9, 2013. The Verge. 21st Century Fox logo unveiled ahead of News Corp split. Retrieved November 30, 2015

[8] 21st Century Fox Annual Report 2015. 21st Century Fox. Retrieved November 30, 2015

[9] Fox Searchlight Logo. Fox Searchlight. Retrieved November 29, 2015

[10] 21st Century Fox Annual Report 2015. 21st Century Fox. Retrieved November 30, 2015

[11] Twenty-First Century Fox, Inc. Yahoo Finances. Retrieved November 30, 2015

[12] Tartaglione, Nancy. November 24, 2015. Deadline Hollywood. ‘The Martian’ Closing In On $500M Global: How Fox Marketers Brought Ridley Scott’s Cool Science To The Masses. Retrieved November 29, 2015.

[13] Maze Runner: Scorched Trials. Box Office Mojo. Retrieved November 28, 2015.

[14] Smith, Chris. November 1, 2014. The Press Democrat. How the Schulz family made ‘The Peanuts Movie’ a reality. Retrieved November 30, 2015

[15] The Peanuts Movie. Box Office Mojo. Retrieved November 28, 2015.

[16] Alvin and the Chipmunks. Box Office Mojo. Retrieved November 29, 2015

[17] Cunningham, Todd. September 8, 2015. The Wrap. Fox Fuels Yule Logjam With 3 Christmas Releases. Retrieved November 30, 2015.

[18] Geier, Thom. September 24, 2015. The Wrap. ‘Alien,’ ‘X-Men: Days of Future Past’ Among 100 Fox Movies Coming to Oculus Virtual-Reality Headsets. Retrieved November 29, 2015.

[19] Business Wire. November 18, 2015. Fox International Productions Strikes Strategic Alliance With Paul Heth and Michael Schlicht for Russian-Language Films. Retrieved November 29, 2015

[20] Lang, Brent. November 3, 2015. Variety. Fox Building Theme Park in Dubai With ‘Titanic,’ ‘Aliens’ Attractions. Retrieved November 30, 2015.

[21] Lang, Brent. November 3, 2015. Variety. Fox Building Theme Park in Dubai With ‘Titanic,’ ‘Aliens’ Attractions. Retrieved November 30, 2015.

[22] Oculus Cinema. Oculus VR. Retrieved November 30, 2015.

20th Century Fox

Posted on November 30, 2014 by jsnimmer

By: Yonah Nimmer

– Photo Courtesy of filmbaza.net [I]

Contact Information: [II]

Phone: (310) 369-4636

Twentieth Century Fox Film Corp.

10201 West Pico Boulevard,

Los Angeles, California 90035

Website: http://www.foxmovies.com/

Key Executives:

Rupert Murdoch Chase Carey

(Chairman and Chief Executive Officer) (President and Chief Operating Officer)

– Photo Courtesy of Luxedb.com [III] – Photo Courtesy of theaustralian.com [IV]

James Murdoch John Nallen David Hill

(Co-Chief Operating Officer) (Senior Executive Vice Presidents)

– Photos are Courtesy of 21cf.com [V]

James N. Gianopulos

(Chairman and CEO of Film)

– Photo Courtesy of Hollywoodgreekreporter.com [VI]

———————————————————————————————————

Company Overview

Twentieth Century Fox Film Corporation, commonly referred to as 20th Century Fox, is one of the six major American film studios. The company was founded nearly eighty years ago on May 31st, 1935, as a result of the merge between Twentieth Century Pictures and Fox Film Corporation [VII]. Fifty years later, in 1985, this studio continued to blossom, becoming a subsidiary of News Corporation [VIII]. In 2013 however, News Corporation separated into News Corp and 21st Century Fox, with the latter preserving Twentieth Century Fox Film Corporation. Based in Los Angeles California, this studio is currently the second largest film studio, following Warner Brothers [IX]. While involved in all aspects of the film industry, this company mainly focuses on film production and distribution. 20th Century Fox is infamous for creating everything from their thriving Star Wars series to the highest grossing film worldwide, Avatar [X].

Financials

In 2013, 20th Century Fox had a total domestic gross of $1.06 billion dollars, a 4% growth from profits in 2012. Having 18 films released that year, each film made an average of $87.5 million in profit [XI]. So far in 2014, (through December 1st), 20th Century Fox has seen their best results of the past decade, grossing a total of $1.5 billion domestically [XII].

In the 3rd quarter of 2014, including the months of July, August, and September, the studio grossed $427 million through 9 films that played in theaters around the globe. Only 3 of these, Dawn of the Planet Apes, Let’s Be Cops, and The Maze Runner, were actually released during this time period though. With budgets of $34 and $17 million, both Let’s Be Cops and The Maze Runner were successful in breaking even during opening weekend. Nonetheless, neither of them can compare their profits to Dawn of the Planet Apes. While the budget for this sequel was $170 million, the film gathered a total gross of $708 million. From just this one movie, 20th Century Fox profited over $530 million [XIII].

In the 4th quarter on the other hand, a mere 2 films were produced and distributed, Gone Girl and The Book of Life. Both of these movies were a huge success, grossing $416 million for the studio [XIV].

GONE GIRL

[a]

Gillian Flynn adapted her best selling novel, Gone Girl, into an American mystery thriller film directed by the infamous David Fincher. This movie tells the story about NickDunne, a husband who discovers his wife is missing. Unfazed by the matter, neighbors question his strange behavior, eventually discovering his web of lies. Family, friends, and acquaintances are all forced to contemplate the same question: Did he kill his wife? [XV]

With lead actors such as Neil Pattrick Harris, Rosamund Pike, and Ben Affleck, crowds flocked to watch this film on opening night, October 3rd, 2014 [XVI]. Available in 3,014 theaters, this film grossed $37.5 million opening weekend. It topped the box office charts, making more than the new release, Annabelle. While that sounds like a large sum of money, it is merely 62% of the $61 million budget. Expanding to 3,249 theaters, the film eventually came up on top benefiting $159 million domestically and $171 million in the foreign market. Currently its in 8th week in theaters, the film has grossed $330 million worldwide [XVII].

The Book of Life

[b]

The Book of Life, an animated film directed by Jorge R. Gutierrez, tells the legend of Manolo, a troubled dreamer, who embarks on an epic journey through mythical, magical, and mysterious worlds in order to protect his village and rescue his true love [XVIII].

20th Century Fox continues to castA-list actors in the film such as Christina Applegate, Channing Tatum, and Ice Cube. This PG rated movie had a budget of $50 million. Released in 3,071 theaters, The Book of Life racked in $17 million on opening weekend, October 17th-19th. It was third on the box office charts, $500,000 behind Gone Girl, (which was on it’s 3rd week at the time). Domestically, this film grossed $48 million, which makes up 55.6% of their earnings. The foreign market on the other hand made $38 million, totaling $86 million internationally [XIX].

What’s in Store for the Future?

20th Century Fox has already scheduled the distribution dates for their next 46 films, all the way up to the release of Puss in Boots 2 on December 21st, 2018 [XX]. Throughout 2014, the studio has produced 13 films thus far, with the plan of 3 more to come [XXI].

This December 5th, Fox is releasing The Pyramid, a horror movie about a group of

archaeologists that become trapped in an ancient Egyptian pyramid [XXII]. Gregory Levasseur, the director, is a successful screenwriter in the industry with no previous directing experience [XXIII].

On December 12th, Fox will release Exodus: Gods and Kings, a modern depiction on

the defiant leader, Moses, as he revolts against the Egyptian Pharaoh, Ramses. With a great use of visual effects and 3D immersion, the budget of this film is much greater than The Pyramid [XXIV]. The director, Ridley Scott, who also directed Gladiator, exclaims that “this is his biggest epic yet” [XXV]. This movie includes well known actors such as Joel Edgerton and Christian Bale. With all that said, this film has received negative reviews, a 63% rating from Rotten Tomatoes. Nevertheless, 98% of audience members on the website still want to see it [XXVI].

Lastly, Fox is releasing their last film of the year, Night at the Museum: Secret of the Tomb, on December 19th [XXVII]. Seeing that the original Night at the Museum profited $575 million, the company has high hopes for this sequel [XXVIII]. It is once again directed by Shawn Levy, starring Ben Stiller, Owen Wilson, and Robin Williams. The biggest difference this time is that the iconic Robin Williams passed away recently. Without a doubt, many viewers will go see the film for the sole sake of seeing one of the last roles played by Williams [XXVII].

Overall, 20th Century Fox has had an extremely successful year. With hit films such as

Dawn of the Planet Apes, Gone Girl, and The Book of Life, they have accumulated 1.5 billion domestically this year. Nonetheless, the studio hopes to end off 2014 with a big bang through there next three upcoming movies. While this year was a success, that simply means they must do even better in 2015.

Sources:

[I] 20th Century Fox Logo Retrieved November 29, 2014.

[II] Fox Contact From October 6, 2011. Retrieved November 29, 2014.

[III] Rupert Murdoch Photo From July 21, 2011. Retrieved November 29, 2014.

[IV] Chase Carey Photo From May 10, 2012. Retrieved November 29, 2014.

[V] Murdoch, Nallen, & Hill Photos Retrieved November 29, 2014.

[VI] Jim Gianopulos Photo From April 20, 2009. Retrieved November 29, 2014.

[VII] Founded Retrieved November 29, 2014.

[VIII] Subsidiary Retrieved November 29, 2014.

[IX] Studio Size Retrieved November 29, 2014.

[X] Previous Projects Updated November 29, 2014. Retrieved November 29, 2014.

[XI] 2013 Statistics Updated November 29, 2014. Retrieved November 29, 2014.

[XII] 2014 Statistics Updated November 29, 2014. Retrieved November 29, 2014.

[XIII] 3rd Quarter Statistics Updated November 29, 2014. Retrieved November 29, 2014.

[XIV] 4th Quarter Statistics Updated November 29, 2014. Retrieved November 29, 2014.

[XV] Gone Girl Synopsis Retrieved November 29, 2014.

[XVI] Gone Girl Cast Retrieved November 29, 2014.

[XVII] Gone Girl Statistics Updated November 29, 2014. Retrieved November 29, 2014.

[XVIII] Book of Life Synopsis Updated November 29, 2014. Retrieved November 29, 2014.

[XIX] Book of Life Statistics Updated November 29, 2014. Retrieved November 29, 2014.

[XX] Upcoming Films Updated November 29, 2014. Retrieved November 29, 2014.

[XXI] 2014 Statistics Updated November 29, 2014. Retrieved November 29, 2014.

[XXII] The Pyramid Synopsis Updated November 29, 2014. Retrieved November 29, 2014.

[XXIII] Levasseur’s Past Work Retrieved November 29, 2014.

[XXIV] Exodus Synopsis Retrieved November 29, 2014.

[XXV] Ridley Scott Quote From August 17, 2014. Retrieved November 29, 2014.

[XXVI] Exodus Ratings Retrieved November 29, 2014.

[XXVII] Night at the Museum 3 Release Date Retrieved November 29, 2014.

[XXVIII] Original Night at the Museum Statistics Retrieved November 29, 2014.

[XXIX] Night at the Museum Cast Retrieved November 29, 2014.

Trailers

[a] Gone Girl Trailer From July 7, 2014. Retrieved November 29, 2014.

[b] Book of Life Trailer From May 29, 2014. Retrieved November 29, 2014.

20th Century Fox

Posted on October 28, 2013 by Evette Yedid

CONTACT

Twentieth Century Fox Film Corp
10201 West Pico Boulevard,
Los Angeles, California 90035

www.foxmovies.com
www.foxstudios.com
Phone: (310) 369-1000

KEY EXECUTIVES:

(http://www.theempressofdress.com/2012/12/02/20th-century-fox/)

[10] via The Empress of Dress Blog

Mr. Keith Rupert Murdoch, 82 years old
Chairman of the Board and CEO

HIS TEAM [3]
Mr. Eduardo Echeverria – Senior VP of Latin America
Mr. Michael Peikoff – Senior VP of
Licensing and Merchandising
Mr. Robert Marick – Executive VP

BIO

Twentieth Century Fox Film Corporation, better known as 20th Century Fox, is one of the top six world-renowned American film studios. It is a fully-equipped studio with over 17 stages, based out of the Century City area of Los Angeles, California. It is a subsidiary of the major media conglomerate 21st Century Fox as of recent divisional affairs. Major motion pictures from the studio include Avatar, Star Wars, X-Men, and Independence Day. [5]

[10] via Empress The Dress Blog

HISTORY

  20^th Century Fox began as Fox Film Corporation, which was started by movie theater chain entrepreneur William G. Fox. He began Fox Film Corporation when he merged his two companies Greater New York Film Rental and Fox Office Attractions Company in 1915, unknowingly creating the foundations of one of the biggest film production companies in American history. Fox Film Corporation eventually merged with Twentieth Century Pictures on May 31, 1935 to become what we know today as The Twentieth Century-Fox Film Corporation, or simply, 20^th Century Fox. [1]

20^th Century Fox is a subsidiary of the newly established 21^st Century Fox. This past June 2013, mega-media distributor News Corporation (founded by Rupert Murdoch in 1979) was split into two separately traded companies; 21st Century Fox and News Corp. The film/media assets (20^th Century Fox Studios) went to 21^st Century Fox, and the publishing assets went strictly to News Corp. This highly anticipated split was achieved to appease long-term shareholders who were tired of the lesser of the successes, the publishing assets, from weighing down the stock. [4 ]

FINANCIAL SNAPSHOT

21^st Century Fox (the owner of the subsidiary 20^th Century Fox) is publicly traded on the NASDAQ under the ticker symbol FOXA. As of last week (Tuesday, November 5^th) it has been an official quarter since the June 2013 split of News Corporation into News Corp and 21^st Century Fox. Since the split, the quarter report reveals that 21^st Century Fox profit has experienced a 44% profit loss. Net income for the past quarter was 1.26 billion or 54 cents a share [8] whereas a year ago, it was 2.23 billion or 94 cents a share. This drop may be due the launch of two new cable channels, FXX and Fox Sports 1, however Fox executives recognize their success take time. “We knew going in that building these networks would take a few years, not months, and many of our signature events and programs are yet to be launched” Chase Carey, Chief Operating Officer of 21^st Century Fox, said. However in terms of studio revenue, there was a 9% increase to $2.12 billion in the past quarter, partially attributed to the sale of popular TV series New Girl to Netflix and strong movie releases such as The Wolverine and The Heat, although neither compared to last year’s blockbuster Ice Age: Continental Drift. [7]

CURRENT NEWS 

Via IMP Awards [16]

In Theaters now: 20th Century Fox recently released the young adult film The Book Thief on November 8, 2013, based on the best-selling novel. It tells of the journey of a young adopted girl, Liesel, and her life-changing experiences during World War II in Nazi-occupied Germany. Because of the film’s heavy theme and need to find its niche audience, it is being released gradually. Over opening weekend it was only released in four theaters (two in New York and two in LA), the second weekend it opened in 29 theatres, and its major release will be November 27, over Thanksgiving weekend. [12] The film ranked #30 in terms of gross total and has made a total of $569,000 thus far, although greater success after its main release is highly anticipated. [11] On the same day The Book Thief was released, another 20^th Century Fox motion picture, 12 Years A Slave, took box offices by storm. It is the story of Solomon Northup, a free black man from upstate New York, who is sold into slavery in the antebellum south. The movie is in its 5^th week and ranks #8 on top grossing movies on the past weekend. It has made nearly 25 million dollars and is showing in 1,411 theatres. [11]

Past successes of the quarter include the drug trafficking thriller The Counselor (which currently ranks #18 in its 4^th week) which has made $16,582,000. Ben Affleck and Justin Timberlake’s Runner Runner came in third in its opening weekend, after Gravity and Cloudy With A Chance Of Meatballs. Although it did not receive much praise from the critics, Runner Runner’s international release helped its numbers greatly. It grossed a domestic total of over 19 million dollars and adding this to its foreign box office totals, the film has earned over 60 million dollars. [14]

[17] via Chicago Now

Other films released this year include the indie teen romance The Spectacular Now, comedy The Internship, and 3-D animated kids movie Epic. In 2012, 20^th Century Fox hits included Life Of Pi, Lincoln, and Diary Of Wimpy Kid: Dog Days. [13]

WHAT’S TO COME?

Walking With Dinosaurs: The 3D Movie and The Secret Life of Walter Mitty will finish out 20^th Century Fox’s releases of 2013. For 2014, Devil’s Due, Son of God, Mr. Peabody & Sherman, The Maze Runner, the extremely expensive sequels X-Men: Days of Future Past, Dawn of the Planet of the Apes, are all in store. [13]

20^th Century Fox recently began discussing plans for the creation of a theme park near Miami Florida’s Zoo, after its recent agreement to create one in Malaysia. The plan would consist of 70 acres of a traditional “Orlando-style” amusement park with rides and attractions themed around the studio’s recent hit movies, such as Rio, Ice Age, Life of Pi, and Night at the Museum. There would be a separate 16-acre water park, an expansive hotel, a movie theater (used for Fox film premiers), a concert hall, a shopping strip, and a sports park. The cost of the park is 1 billion dollars, although Fox is only looking to pay $800 million of it, and hopes Miami-Dade County can fund the rest. Although nothing is finalized yet, Fox projects a dual-phased opening, one in 2018 and one in 2020. [15]

SOURCES:

[1] The Studio Tour – Fox Timeline

[2] 20th Century Fox – Directory of Services

[3] BusinessWeek FOXA – Private Company Information

[4] Paid Content Article – News Corporation Split

[5] Fox Studio Chart – Box Office Mojo

[6] IMDb The Book Thief

[7] News Corporation Split via The Guardian

[8] FOXA Stock graphs on MarketWatch.com

[9] Kell, John. Market Watch: 21^st Century Fox profit drops 44%; Sales Gain

[10] Photos via Blog The Empress of Dress

[11] Box Office Mojo – Fox Weekend Chart Movies

[12] Background on The Book Thief via Yahoo! Entertainment News

[13] www.foxmovies.com – Fox main website

[14] IMDb Page – Runner Runner

[15] Munzenreider, Ken. 20th Century Fox Has Plans for Major Theme Park Near Zoo Miami via miaminewtimes.com

[16] The Book Thief Photo via IMP Awards

[17] Runner Runner Photo

NewsCorp/Fox

Posted on April 5, 2013 by Adam Kloos Jr

by Adam Kloos

News Corporation

Fox Broadcasting Station

[1][2]

Contact Information [3]:

1211 Avenue of the Americas

New York, NY, 10036 United States

(212)-852-7000

http://www.newscorp.com

Key Executives [6]:

Rupert Murdoch, Chairman and CEO

[7]

Rupert Murdoch is the Chairman and Chief Executive Officer of News Corporation. He is very active within the company and continues to expand into new media outlets.

Jose Maria Anzar, President

[9]

Jose Maria Aznar is the president of News Corporation and former Prime Minister of Spain.

HRTS Kicks Off With "A Conversation With.. Chase Carey"

Chase Carey, President and COO

[10]

Chase Carey is the President and Chief Operating Officer of News Corporation.

Natalie Bancroft, Director

[11]

Natalie Bancroft is the Director of Newscorp. She is part of the Bancroft family that used to own the Dow Jones Media [5].

Gaude Lydia Paez, Vice President of Corporate Communications

[12]

Gaude Lydia Paez is the Vice President of Corporate Communications at FOX Broadcasting Company.

Overview:

News Corporation is a corporation made up of a large number of various media businesses. News Corporation has assets in film, magazine, newspapers, direct satellite television, news, cable broadcasting, cable programming, television programming and broadcast, as well as sports teams and social media [4]. The media conglomerate was created and is currently under control of Rupert Murdoch, who according to Forbes is the 26th most powerful person in the world and the 91st richest[5]. News Corporation currently operates on 5 continents that include North America, South America, Europe, Asia, and Australia [8]. Their main competitors include CBS, NBC/Comcast, and Disney. The FOX Broadcasting Company was launched in 1986 as a fourth broadcast station that has been largely successful in competing with the Big Three. It owns 27 different stations in the US and many more internationally. Throughout the early 2000s until 2012 FOX was the number one watched station by young adults, 18-49 [13].

History:

The history of News Corporation stretches back to 1952, when Rupert Murdoch inherited ‘The Adelaide News,’ a newspaper company his father owned. After returning from school to run the company, Murdoch greatly improved its profits. From there he acquired a number of other newspapers throughout Australia and New Zealand before eventually moving to the British market in the mid-60s. In 1973 he turned his attention to the US where he began buying up American newspaper publishers. In 1980 he announced the creation of News Corporation as a global holding company [4].

In 1985, News Corporation acquired 50% of TCF Holdings which was the parent company of 20th Century Fox. In 1986, 20th Century Fox launched FOX, an alternative to the already existing broadcast stations ABC, CBS, and NBC [14]. In the early 90s, FOX signed a contract with the NFL, giving them the rights to broadcast NFL games on Sundays. Today FOX continues to be the preferred station of youner adults with popular shows such as The Simpsons, American Idol, Glee, Family Guy, Bones, and The X Factor [15].

What They Are Doing Presently?

In 2011, News Corporation was caught in a huge phone-hacking scandal that involved the family of a murdered British school girl by News of the World. There were also accusations of phone-hackings of the London subway bombing victims, families of deceased British soldiers, and an FBI investigation of possible phone-hackings of 9/11 victims. As a result of this, Rupert Murdoch shut down publication of the magazine, News of the World in England and 12 people were arrested. This scandal also caused the company to withdraw a $12 billion bid for shares of British Sky Broadcasting [16]. The arrests and investigation continued into late 2012. http://www.youtube.com/watch?v=ZIZNXZVNk74

Apart from the scandal, News Corporation announced in 2012 that they plan to split into two publicly traded holding companies. One division would take care of all film and television assets including 20th Century Fox film studio, Fox Broadcasting Company, and Fox News. The other would have control over the company’s publishing division that includes The Times of London, The Wall Street Journal, and The New York Post. Rupert Murdoch would remain chairman of both companies while Chase Carey would remain Chief Operating Officer of the entertainment and media company [17].

What Are Their Plans For The Future?:

Disney and News Corp. are currently in negotiations over the video streaming service Hulu. Jason Kilar, the current CEO of Hulu is planning to leave his postion, and the interim CEO for now is senior vice-president Andy Forssell. Once News Corp. and Disney finalize their negotiations, a permanent CEO will be named to take over Hulu. There has been recent talk of both Disney and News Corp. planning to buy out each others stake in the company. Both companies admitted that Hulu was losing money due to the high costs of liscensing television shows and computer servers [18].

Fox Broadcasting Company is looking forward to “Fox Now,” a collection of apps for mobile devices. These apps allow audiences to view their favorite FOX shows and allow viewers to be more interactive with the content. “T-Commerce” is part of the “Fox Now” app that enables viewers to shop online while watching the show New Girl. The items from the show such as clothing and other paraphenelia would be available to audiences in real time [13].

Programming:

American Idol, 2002-present

[19]

American Idol has been a long running success on the Fox network. It first aired in 2002 and had been the number one watched show for eight consecutive seasons through 2011. The show is very interactive with the audience because the millions of viewers get to decide which contestants get to move on to the next round each week, before eventually choosing the winner [20].

The SImpsons, 1989-present

[21]

The Simpsons is the longest running prime-time animated comedy series in the history of television. Created by Matt Groening in 1989, it is currently in its 24th season. The show focuses on the lives of a dysfunctional lower class family in Springfield. The show is typically family friendly [22].

Family Guy, 1999-present

[23]

Family Guy was created by Seth McFarlanein 1999. Family Guy has remained a hit on Fox since that time and gained an undeniable cult following. Also focusing on the lives of a dysfuncitonal working class family, this show contains content for more mature audiences with it’s slapstick and often raunchy humor. The show is currently in its 11th season [22].

Financials:

By the end of 2012, News Corporation had assets that equaled out to $63 billion and saw a revenue of $34 billion, the highest it had ever been. This was up from 2011 by about $500 million. The increase in revenue can be attributed to its deals with Netflix and Amazon.com for its sitcoms and films [6]. Currently a share of News Corporation is $30.68 [24]. This is improved from exactly one year ago when a share was going for $23.18. Stockholders have been pleased with the strong growth over the past few years, especially the 2011-2012 fiscal year.

Works Cited

1. http://www.logok.org

2. http://www.zenithotimedia.blogspot.com

3. http://www.hoover.com

4. http://www.corporatewatch.org

5. http://www.forbes.com

6. http://www.newscorp.com

7. http://www.guardian.co.uk

8. http://www.nndb.com

9. http://www.en.mediamass.net

10. http://www.hollywoodreporter.com

11. http://www.nymag.com