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Rupert Murdoch splits empire but keeps faith in tomorrow'snewspapers

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Rupert Murdoch splits empire but keeps faith in tomorrow'snewspapers

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Rupert Murdoch's News Corporation will be split in half on Wednesday as the mogul hopes to build two new empires out of his vast portfolio of assets. It is likely to prove the octogenarian's final major corporate move, and once again he is betting he has seen an opportunity others have missed.

The profitable entertainment assets - including the 20th Century Fox movie studio and the Fox broadcast network in the US - will form 21st Century Fox.

The company's publishing assets, including HarperCollins and its troubled newspaper division, will trade under the old News Corp name.

Shareholders have long pressed for a split, disenchanted with the returns from publishing, particularly newspapers, as the shift to digital readership eats into profits. Murdoch resisted but caved in after the phone-hacking scandal shook his company to its foundations, leading to the arrest of senior executives and the closure of the News of the World.

Now he argues that the future for newspapers is bright. The collapse of print advertising, he believes, is a bump on the road to a digital future from which his assets, including Dow Jones, the Wall Street Journal and the Times newspapers, will emerge stronger than ever.

Technically, both companies will be listed on New York's Nasdaq stock market on Wednesday, on a "when-issued" basis, but the split is not formal until 28 June and shares will not start trading properly until 1 July, when Murdoch's decision will face its true test.

Analysts and shareholders are overwhelmingly in support of the split because it delivers a standalone 21st Century Fox, home to The Simpsons, Avatar and the X-Men film franchise. In the quarter ended 31 March, News Corp reported operating income of $1.36bn (£871m), nearly all of it from 21st Century Fox assets.

Cable television generated $993m in operating income, up 17% on the same period a year earlier. Filmed entertainment pulled in operating income of $289m thanks to films including Life of Pi and Ice Age: Continental Drift. Broadcast TV suffered as American Idol's ratings collapsed but operating income of $196m represented a 14.6% rise on the same period last year.

In publishing, the tale of woe continued. Operating income collapsed nearly 35% to $85m (£54m) and News Corp spent another $42m dealing with the ongoing legacy of the hacking scandal. That bill is only likely to increase as the company works to settle a US justice department investigation under the Foreign Corrupt Practices Act (FCPA). The new News Corp will start with $2.6bn in cash but the expected FCPA fine will wipe out a substantial portion of that.

"Rupert has a very bullish view of newspapers. He says he's ready to do it all again," said Rich Greenfield, analyst at BTIG. "He's got a lot to prove."

Other analysts predicted a sharp selloff for the new News Corp when shares start trading. "It's the bit no one wants anyway, and it faces considerable legal uncertainty in an industry in secular decline," said one. Rival newspaper groups such as the New York Times have been slimming down their assets.

Others such as Gannett have been diversifying away from publishing by buying other media assets. News Corp is making a bold bet that it can go it alone as a dedicated publishing company.

Not all analysts are negative. In a note to investors, Bernstein's Todd Juenger was "bullish" about the near-term. Murdoch had struck an "unsurprisingly optimistic tone, declaring that 'knowledge is the most valuable commodity in the world'". He noted that Robert Thomson, the spin-off company's chief executive officer, had promised a "permanent start-up mentality" and saw "opportunity everywhere".

But Juenger was most struck by the interest in the split from investors and analysts at a presentation in New York. "Standing room only in a huge ballroom. It was a clear sign many investors are seriously considering holding (or adding to) their New News shares," he wrote.

Whatever happens, from today Murdoch is back to his roots as the chairman of a business he loves, and gambling - perhaps for the last time - that his vision can beat the naysayers.

* This story was amended on Wednesday 19 June to clarify the timetable on trading in the two new News Corp companies.
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Rupert Murdoch splits empire but keeps faith in tomorrow's newspapers

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Rupert Murdoch's News Corporation will be split in half on Wednesday as the mogul hopes to build two new empires out of his vast portfolio of assets. It is likely to prove the octogenarian's final major corporate move, and once again he is betting he has seen an opportunity others have missed.

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21st Century Fox’s Expectations for Affiliate Fees in Fiscal 2016

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21st Century Fox’s Expectations for Affiliate Fees in Fiscal 2016

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Why ValueAct Capital starts new position in 21st Century Fox

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Why ValueAct Capital starts new position in 21st Century Fox

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21st Century Fox Is Even Having Trouble With Live Sports

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21st Century Fox Is Even Having Trouble With Live Sports

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NEW YORK (TheStreet) -- One big surprise in the disappointing outlook that 21st Century Fox ( FOX) delivered to investors this week was the curious revelation that problems at its Fox broadcast network had expanded into sports.

It's widely accepted that the one piece of the media landscape that is largely insulated from time-shift watching is sports. No one who is a real fan would habitually watch sporting events unless they're live.

Heading into 21st Century Fox's earnings report, investors assumed that they'd hear dour pronouncements about the state of the company's broadcast network. Everyone knows Fox network has been struggling as a result of mostly underwhelming programming combined with early signs that advertising money is moving from TV to the Internet.

But the situation at Fox may be worse than that. Not only was broadcast advertising revenue from Fox's prime-time scripted and reality TV shows disappointing, sales related to sports were also discouraging.

"Everyone knows how bad prime time is; the surprise for us was ad revenue being down for sports," Bernstein Research analyst Todd Juenger wrote in a research note Thursday. Fox Chief Operating Officer Chase Carey acknowledged during a Wednesday conference call with investors that Sunday NFL advertising revenue was down in the quarter while its marquee football game ad revenue was down a lot, he said.

Macquarie Securities analyst Tim Nollen was another observer surprised by the depth of the ad revenue decline though he cautioned against putting too much weight into one quarterly report.

"That's a very, very granular thing to track," Nollen said, echoing Carey's explanation that some Sunday afternoon games were blowouts and league playoff games were also blowouts," he said. The network lost viewership and ratings points due to the one-sided nature of each of those games, he said. "If anything, next year maybe, they have a series of really good games and ratings are really good versus this. I don't think anyone questions the value of owning sports rights," Nollen said.

Now that the football season is over, viewers' attentions will turn to non-sports programming, and Fox has made some improvements there of late, he said, pointing to the strength of the new scripted show Empire and higher ratings for American Idol.

Aside from Fox's prime-time scripted and reality TV shows that have largely failed to catch on with viewers in recent years, Fox -- just like other TV networks -- continues to suffer from the growth in time-shifted viewing that is not completely reflected in Nielsen ratings. Live sports is seen as the one area of TV broadcasting that's not vulnerable to time-shifted viewing and holds the traditional TV bundle together.

The revelation about weakness in sports ad revenue at Fox came one day after Disney ( DIS) said operating income at its cable-networks division decreased 2% to $1.3 billion in its fiscal first quarter ended on Dec. 27 because of a decrease at ESPN.

The decrease at ESPN was due to higher programming and production costs and, to a lesser extent, higher marketing, general and administrative and technical costs and lower ad revenue, Disney said. The company's results for the quarter, however, were otherwise mostly strong, and its ABC prime-time programming has been performing much better than Fox's has.

J.P. Morgan analyst Alexia S. Quadrani pointed out one slight positive related to Fox's broadcast network in a research note, saying the segment benefited in the fiscal second quarter from lower programming costs because of the cancellation of The X-Factor, the absence of Glee and the shift of the MLB Championship Series to Fox Sports 1.

That enabled television operating income before depreciation and amortization to increase 33% from a year earlier to $290 million, significantly above her forecast, she said. But she predicted slightly higher programming expenses will hamper growth in Fox's TV profits. "No quick fix is expected, and our projections for TV revenues and profits come down for the remainder of F2015," she wrote.

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21st Century Fox Is Even Having Trouble With Live Sports

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NEW YORK (TheStreet) -- One big surprise in the disappointing outlook that 21st Century Fox ( FOX) delivered to investors this week was the curious revelation that problems at its Fox broadcast network had expanded into sports. It's widely accepted that the one piece of the media landscape that is largely insulated from time-shift watching is sports.

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10201 West Pico Boulevard
Los Angeles, California 90064
U.S.A.
(310) 369-1000
Fax: (310) 203-2979
Web site: http://www.fox.com

Wholly Owned Subsidiary of Fox Inc.
Incorporated: 1915
Employees: 360
Sales: $1.2 billion (1996 est.)
SICs: 7812 Motion Picture, Video Tape Production; 7819 Services Allied to Motion Pictures

Twentieth Century Fox Film Corporation is a subsidiary of Fox Inc., which is owned by media mogul Rupert Murdochs News Corporation Ltd. Throughout its long history, the company has enjoyed a reputation as a major Hollywood motion picture studio. It produced some of the more prominent box-office hitssuch as The Sound of Music and Star Wars and has expanded into related areas of the entertainment industry through the development of subsidiaries such as Fox Animation Inc. and Twentieth Century Fox Home Entertainment.

William Fox and his Nickelodeons

In 1904 William Fox, a 25-year-old Hungarian immigrant, bought his first nickelodeon, an early form of movie theater, in New York City. Within a few years Fox and two partners, B.S. Moss and Sol Brill, had parlayed their success into a chain of 25 nickelodeons.

The partners soon opened the Greater New York Film Rental Company, and then in 1913, concerned that the demand for movies had begun to outstrip supply, they organized the Box Office Attraction Company to begin producing their own movies. In 1915 Fox founded the Fox Film Corporation to produce, distribute, and exhibit movies and moved his operation to California, where he believed the temperate climate would be better suited to film production.

In 1925 Fox Films relocated to its fourth California location when Fox purchased the 250 acres of land in Hollywood which was to become the companys permanent home. In 1929 Fox Films bought 55 percent of Loews Inc., then the parent company of MGM, but was later forced by the government to sell that interest.

After several years of steady growth, the company experienced a series of shake-ups beginning in 1927, and in 1930 a group of stockholders ousted William Fox. Fox was replaced by Sidney R. Kent in 1932, and two years later Fox Film Corporation merged with Twentieth Century Pictures.

The Rise of the Twentieth Century Company

In 1933 Darryl F. Zanuck, head of production at Warner Brothers, had joined Joseph M. Schenck, head of United Artists, in forming the Twentieth Century Company. With Schenck as the administrator and Zanuck head of production, the Twentieth Century Company made 18 films in 18 months, including The House of Rothschild, The Affairs of Cellini, and Les Miserables. During this time, Twentieth Century began tapping into current news events for subject matter, with releases like the gangster films Little Caesar and Public Enemy. When the company merged with Fox Film Corporation in 1935, Zanuck became vice-president in charge of production of the new Twentieth Century Fox Film Corporation.

The company distinguished itself by producing two Academy Award-winning films during this time, The Grapes of Wrath in 1940 and How Green Was My Valley in 1941. Zanuck served as a lieutenant colonel during World War II, making training and combat documentary films. He was awarded the Legion of Merit for his wartime services.

After the war, Twentieth Century Fox produced such hits as , and All About Eve. Zanuck also attacked controversial issues in several financially successful movies, proving that audiences would not shy away from such topics as mental illness, race relations, and anti-Semitism with The Snake Pit, Pinky, and .

Challenges of the 1950s

By the early 1950s Hollywoods heyday was being eclipsed by the advent of television; attendance at movie theaters declined sharply, and film production declined along with it. Studios like Twentieth Century Fox could no longer afford to maintain exclusive contracts with directors and film stars. In 1953 Zanuck began producing all the studios films in wide-screen CinemaScope, but the attraction of this technology did not compensate for the lack of box office hits. Frustrated, Zanuck left the company in 1956 to become an independent film producer in Paris.

The company replaced Zanuck with Spyros Skouras, a well-known theater owner. Skouras took over the company during a very bleak period. Between 1959 and 1961, Twentieth Century Fox lost $48.5 million; in 1962 it lost $39.8 million on revenues of $96.4 million. One immediate source of trouble was the production of Cleopatra. From an estimated cost of approximately $7 million in 1961, the films total expenditures ballooned to $41.5 million. The company poured money into the production, even selling 334 acres of land in Los Angeless Fox Hills section to help finance it, but this still wasnt enough.

In 1962 Zanuck, still one of the companys largest stockholders, persuaded his fellow-stockholders not to liquidate the business and returned to replace Skouras as president. Zanucks stability and professionalism soon bolstered the companys waning image. More importantly, however, Zanuck brought in quick cash. The Longest Day, an epic film about the D-Day landings at Normandy Beach, made by Zanucks own production company in Europe, was released through Twentieth Century Fox. A smash hit nominated for an Academy Award, the film brought in enough revenue to allow the company to begin making movies again in 1963.

Blockbusters of the 1960s

That same year Zanuck made his son Richard vice-president in charge of production. Only 28 years old, the younger Zanuck began making pictures with modest budgets, producing 20 movies in 14 months, and once revenues from these films began to accumulate, the company started more expensive productions. Unlike other movie makers at the time, the Zanucks continued to favor big, expensive production extravaganzas. Forgetting the failure of Cleopatra, the two men planned to release as many big pictures in as short a time as they could, hoping for a hit to keep the company solvent. This blockbuster strategy was one most other studios had abandoned because of the risk involved.

The release of The Sound of Music in 1964 appeared to vindicate the Zanucks strategy. The film became one of the top ten box office hits ever, bringing Twentieth Century Fox more than $79 million in revenues. Only a year and a half after its release, the movie had already outgrossed Gone With the Wind, the box office champion for nearly 27 years.

By the mid-1960s, Twentieth Century Fox had also grown into one of the largest television producers. During the 19661967 season, Twentieth Century Fox Television placed 12 shows on network TV. The firm also began to distribute its feature films to television. In one of the largest deals of the time, Fox leased 17 pictures to ABC for $19 million, including Cleopatra, The Longest Day, The Agony and the Ecstasy, and Those Magnificent Men in Their Flying Machines.

With revenues garnered from television and The Sound of Music, the Zanucks went on to produce more lavish, big-budget movies such as Hello, Dolly!, Dr. Dolittle, and Tora! Tora! Tora! The success of The Sound of Music had fueled the Zanucks belief that expensive spectaculars were the best way to make money in the industry. In 1969 Darryl Zanuck appointed his son president of Twentieth Century Fox while he remained CEO.

However, Dr. Dolittle and Tora! Tora! Tora! turned out to be two of the biggest box office losers in the history of Hollywood; in 1969 Twentieth Century Foxs operating losses amounted to $36 million, and for the first nine months of the following year losses came to nearly $21 million.

Diversification in the 1970s

The financial strain, as well as creative differences, sparked a proxy fight for control of the company in 1970. Following a family feud, with Richard Zanuck and his mother opposing Darryl Zanuck, Richard was forced to resign. Four months later, Darryl Zanuck himself stepped down as chairman. William T. Gossett, an active boardmember and Detroit lawyer, became chairman. Richard Zanuck went on to produce several blockbuster movies, including Jaws and The Sting, for MCAs Universal Studios.

In 1971 Dennis C. Stanfill, a Twentieth Century Fox vice-president and a former Rhodes scholar, was named chairman and CEO, and later assumed the position of president. With a hands-on approach, Stanfill began a wide-ranging diversification program into the record business, broadcasting, film processing, and theme parks. Twentieth Century Foxs most important acquisitions during this time included a string of theaters in Australia and New Zealand, along with the addition of one NBC and two ABC affiliates to its chain of television stations across the United States.

In 1973 Stanfill hired Alan Ladd, Jr. to head the companys film division. Under Ladds direction. Twentieth Century Fox produced a number of very successful movies, including The Poseidon Adventure, Young Frankenstein, and The Towering Inferno, a joint release with Warner.

More importantly, however, Ladd also invested $10 million to produce a script that other large studios had turned down. In 1977, Star Wars became the biggest box office hit in film history and made over $200 million by the end of its first year. During the next five years, company profits quadrupled and its movies were nominated for 33 Academy Awards.

With profits from Star Wars, Stanfill accelerated his diversification program, buying Coca-Cola Bottling Midwest for $27 million; Aspen Skiing, the largest ski-resort operator in the United States, for $48 million; and Pebble Beach Corporation, the owner of a resort on the Monterey Peninsula in California, for $72 million. These acquisitions were meant to allow the company to reduce its reliance on film revenues.

Citing differences with Stanfill, Ladd left Twentieth Century Fox in 1979. In January 1980 Sherry Lansing was hired to replace him, becoming the first female to head the production office of a major motion picture studio. She had previously supervised the production of both The China Syndrome and Kramer vs. Kramer at Columbia Pictures. Two weeks before her appointment, Darryl Zanuck died in Palm Springs, California.

The Troubled 1980s

The release of movies like Norma Rae, Breaking Away, Alien, and The Empire Strikes Back made money for the company. However, the company also experienced disappointing box office sales from several films, including The Rose and / Ought To Be in Pictures. In 1980 operating income dropped ten percent and entertainment profits (which accounted for 56 percent of operating income) declined by 18 percent. In late 1980, when outside groups began to purchase large amounts of company stock, Stanfill initiated a management-led leveraged buyout to prevent a hostile takeover attempt.

In early 1981 Stanfills plan collapsed. In a move that took the film industry by surprise, oil magnate Marvin Davis and silent partner Marc Rich hastily formed a company called TCP Holdings, Inc., which bid $722 million for Twentieth Century Fox. Borrowing heavily, Davis put up only $55 million of his own money. The purchase was completed in June of the same year. Complaining of interference, Stanfill retired in July and sued Twentieth Century Fox for breach of contract. The $22 million suit was settled for $4 million. Vice-chairman Alan Hirschfield replaced Stanfill as chairman.

In the early 1980s Twentieth Century Foxs financial position deteriorated rapidly. Several movies, including Modern Problems, Six Pack, and Quest for Fire, never recouped their production costs. Moreover, Davis burdened the company with $650 million in debt to help pay back the loans TCI had secured to buy Twentieth Century Fox. To reduce this debt. Davis sold the soft drink-bottling subsidiary and the Australian theater chain. He also arranged a joint venture with Aetna Life & Casualty to develop Twentieth Century Foxs real estate properties.

In 1982, the situation went from bad to worse. Sherry Lansing and a number of other top-level officials left the company, reportedly due to Daviss interference in the creative process and his abrupt management style. Disagreements between Davis and Hirschfield also began to increase in intensity. Moreover, Aetna terminated its interest in the joint venture and sued Davis after a deal between Davis and Aetna (unrelated to Twentieth Century Fox) soured.

In October 1984, Davis bought the other 50 percent of TCP from Marc Rich, who had fled to Switzerland following his indictment for tax evasion and fraud. Davis paid $116 million for Richs share of the company.

During this time, Davis hired Barry Diller from Paramount to replace Hirschfield as chairman, guaranteeing him $3 million salary and a 25 percent interest in the company. Diller inherited a beleaguered company, so bad, in fact, that Diller later threatened to sue Davis, claiming that he misrepresented the studios difficulties when he was hired. Still, Dillers expertise quickly began to turn the company around, as he mounted a program to increase film production and sought financing from a variety of different sources.

Enter Rupert Murdoch

Then, in March 1985, Australian media mogul Rupert Murdoch advanced Twentieth Century Fox $88 million after buying a half interest in the company for $132 million. Murdoch assumed an active role at the company from the beginning. He acquired seven television stations from Metromedia, Inc. for $2 billion with the intention of drawing on Twentieth Century Foxs extensive library of films and TV shows. When Davis expressed concerns about the companys film operation being tied too closely to a television network, Murdoch offered to buy him out. And so, in September 1985, Davis agreed to sell his interest for $325 million, keeping some of Twentieth Century Foxs valuable real estate.

Twentieth Century Fox Film finally enjoyed some success during the late 1980s. In late 1987 Diller oversaw the release of two big hits Broadcast News and Wall Street and his involvement with the studio lured back top talent that had defected elsewhere during the Davis years. A continuing string of successful films like Big and Working Girl boosted the companys earnings by 35 percent. Die Hard, starring Bruce Willis, grossed more than $80 million in 1989, and the film War of the Roses, starring Michael Douglas, Kathleen Turner, and Danny DeVito, was also a big box-office success that year.

Yet, Twentieth Century Fox Films movie profits were eroded when Diller demonstrated more interest in the television side of the business than in film making. Specifically, Diller concentrated on bolstering the Fox Broadcasting Company to the detriment of film production. As one theatrical agent explained to Forbes, Barrys been distracted.

The company then hired Joe Roth, a film director, as the studios head, charging him with making Twentieth Century Fox Film more productive. Roth was indeed successful, producing multimillion-dollar blockbusters such as Home Alone and Edward Scissorhands. Soon Twentieth Century Fox Film placed first among the studios, controlling more than 18 percent of the box-office share in 1991. Roths hallmark was his ability to produce entertaining films at a low cost. He frequently chose to produce movies rejected by other studios and encouraged overseas sales to conserve costs. The film remained all important to Roth, who told Forbes, You have to start from the story. Then you manage the math.

Management Shake-Ups in the 1990s

Roth left Twentieth Century Fox in 1992 to become an independent producer for Walt Disney studios. The former president of the Fox Entertainment Group, Peter Chernin, replaced Roth as president. As management changed, confusion resulted regarding the responsibility for making key decisions at the Twentieth Century Fox Film studios. Rupert Murdoch himself suspended production of Steven Seagals Man of Honor, the actors directorial debut. Actor Macaulay Culkins father appeared to be making production decisions on his sons thriller The Good Son. Even new president Chernin stepped in to decline the Madonna film Angie, I Says when its producers would not comply with a re-write request.

More management changes followed when Strauss Zelnick, president and chief operating officer since 1989, resigned after accepting a position as president and chief executive of an entertainment software company in 1993. Bill Mechanic then moved from the Disney studios, where he served as president of the home video division, to assume the presidency of Twentieth Century Fox Film Corporation. As Zelnicks successor, Mechanic came to the studio with an extensive video background. In his new position, Mechanic was responsible not only for Foxs home video activities, but for production, marketing, distribution, international theatrical activities, and pay TV as well.

Exploring New Products and Positions

Unlike some major studios, Twentieth Century Fox Film supported the development of pay-per-view (PPV) television in 1993, a service through which customers could order new movies over the telephone for in-home viewing on their televisions. Although the company was not considering pay-per-view as a venue for new movie releases, the studio developed promotional and marketing strategies for its pay-per-view releases. For example, the company engineered retail tie-ins with the Improv, a comedy club, for the pay-per-view showings of such comedies as Hot Shots! Part Deaux! and Robin Hood: Men in Tights. In 1994, Twentieth Century-Fox Film negotiated a pay-per-view distribution agreement with DirecTV.

Twentieth Century Fox Film launched another new enterprise in 1994an animation unit headquartered in Phoenix, Arizona. Called Fox Animation Inc., the new unit expected to issue one animated feature every 18 months or so. The studio recruited exceptional talent to lead its animation division, in particular Don Bluth and Gary Goldman, creators of such animated hits as An American Tail and Land before Time.

A year later, Twentieth Century Fox Film created yet another new division, Twentieth Century Fox Home Entertainment, to distribute its video and interactive programming products. Bob DeLellis assumed the presidency of Twentieth Century Fox Home Entertainment North America, and Jeff Yapp served as president of the divisions international operations.

In 1997 Twentieth Century Fox Films animation unit released its first feature-length production, providing Disney studios with stiff competition. , the story of the Russian tsarina thought to have survived the massacre of the Romanovs, received promotion valued at about $200 million from a variety of sponsors. Pictures of characters from Anastasia appeared on the packages of products from Dole Foods, while Hershey manufactured Anastasia-themed chocolate bars. Other products offered toy coupons or movie ticket orders. Anastasia even had a float in the Macys Thanksgiving Parade that year. Mechanic had great faith in the success of the units first feature. If you said to me I had to put my job on the line for any movie, I would put it on this one, the executive told Fortune. Anastasia made in excess of $58 million at the box office.

Twentieth Century Fox Film distributed Anastasia through pay-per-view television during the summer of 1998. Service providers were pleased with the decision, since it attracted a new audience for them. could be the building block for the distribution of more nontraditional PPV programming in the future, Jamie McCabe, a vice-president of worldwide PPV, told Multichannel News.

In 1998 Twentieth Century Fox Film experienced one of its greatest successes to date, producing the Oscar-winning disaster picture Titanic. Breaking all box-office attendance records, the movie opened a merchandising treasure chest for the studio, which licensed merchandise, such as costumes and life jackets, to be sold through the catalog firm of J. Peterman. Other licensing agreements for t-shirts and collectibles followed, as did some unauthorized material. In fact, Twentieth Century Fox Film initiated litigation against Suarez Corporation Industries, located in Ohio and doing business as Lindenwold Fine Jewelers, for marketing a copy of a necklace featured in the movie.

A Hollywood institution, Twentieth Century Fox Film was likely to produce its share of blockbusters in the future. As technologies progressed, the company also planned to make its mark on other related areas of the entertainment industry, including interactive video games and animation.

Principal Subsidiaries

CBS/Fox Video; Twentieth Century-Fox Film Corp.

Further Reading

Dunne, John Gregory. The Studio, New York: Straus & Giroux, 1969.

Thomas, Tony, and Aubrey Solomon, The Films of 20th Century-Fox: A Pictorial History, Secaucus, N.J.: Citadel Press, 1985.

updated by Charity Anne Dorgan

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Twentieth Century Fox Film Corp facts, information, pictures | Encyclopedia.com articles about Twentieth Century Fox Film Corp

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10201 West Pico Boulevard Los Angeles, California 90064U.S.A.(310) 369-1000Fax: (310) 203-2979Web site: http://www.fox.com Wholly Owned Subsidiary of Fox Inc.Incorporated: 1915 Employees: 360 Sales: $1.2 billion (1996 est.) SICs: 7812 Motion Picture, Video Tape Production; 7819 Services Allied to Motion Pictures Twentieth Century Fox Film Corporation is a subsidiary of Fox Inc., which is owned by media mogul Rupert Murdochs News Corporation Ltd.

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Twenty-First Century Fox on Forbes Lists

Twenty-First Century Fox, Inc. is a media company, which engages in television broadcasting and film production. It operates through the following segments: Cable Network Programming; Television; Filmed Entertainment; Direct Broadcast Satellite Television, and Other, Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of programming distributed through cable television systems and direct broadcast satellite operators. The Television segment offers broadcasting of network programming. The Filmed Entertainment offers production and acquisition of live-action and animated motion pictures for distribution and licensing in entertainment media. The Direct Broadcast Satellite Television segment involves in the distribution of basic and premium programming services via satellite and broadband directly to subscribers. The Other, Corporate and Eliminations segment comprises of corporate overhead and eliminations. The company was founded in 1979 and is headquartered in New York, NY. More "

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Twenty-First Century Fox on the Forbes Top Regarded Companies List

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Twenty-First Century Fox on Forbes Lists Twenty-First Century Fox, Inc. is a media company, which engages in television broadcasting and film production. It operates through the following segments: Cable Network Programming; Television; Filmed Entertainment; Direct Broadcast Satellite Television, and Other, Corporate and Eliminations.

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21st Century Fox sues Netflix over executive poaching

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21st Century Fox sues Netflix over executive poaching

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The lawsuit was sparked following the exits of two Fox executives: Marcos Waltenberg, who made the jump to Netflix earlier this year, previously worked as a marketing executive at Twentieth Century Fox Film; Tara Flynn, who made the move to Netflix just last week, had been the vice president of creative affairs at Fox 21 TV Studios.

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21st Century Fox sues Netflix over executive poaching

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The lawsuit was sparked following the exits of two Fox executives: Marcos Waltenberg, who made the jump to Netflix earlier this year, previously worked as a marketing executive at Twentieth Century Fox Film; Tara Flynn, who made the move to Netflix just last week, had been the vice president of creative affairs at Fox 21 TV Studios.

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Rupert Murdoch was an established titan of global media (and a longtime member of The Forbes 400) in 2007, when he set his acquisitive gaze on the Wall Street Journal and its parent, Dow Jones & Co.

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21st Century Fox Profile, History, Founder, Founded, Ceo | Media Companies | SuccessStory

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20th Century Fox had a very humble beginning as a tiny little insignificant theatre on Lower East Side, New York. After its merger with rising star Twentieth Century Pictures, it slowly grew into the massive entertainment company that it is today. Since its conception, the basic desire of Fox has been to entertain the masses and create unforgettable movies.

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Fortune 500 Companies 2017: Who Made the List

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This year's Fortune 500 marks the 63rd running of the list. In total, Fortune 500 companies represent two-thirds of the U.S. GDP.

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20th Century Fox's story begins in a tiny theater on New York's Lower East Side. In 1904, fresh from Hungary, 25-year-old William Fox amazed audiences with his magical hand-cranked films. The beginnings were humble - folding chairs, a painted wall for a screen -- but the desire to entertain and move people has been at the core of what 20th Century Fox has been doing ever since.