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Twenty-First Century Fox
Twenty-First Century Fox, controlled by Rupert Murdoch, is a $50B+ media conglomerate with Fox News, Fox Sports, and film studios.
Twenty-First Century Fox
Twenty-First Century Fox was created in 2013 as the corporate successor to News Corporation's entertainment assets, with Rupert Murdoch and his son Lachlan Murdoch holding control through a dual-class share structure (per public filings, 2013). The separation split off the publishing arm into a standalone News Corp, leaving Twenty-First Century Fox with 21st Century Fox film studios, Fox broadcasting, and a slate of cable networks. The firm's 2023 revenue was approximately $29.8B, driven by affiliate fees, advertising, and studio revenue (per annual report, 2023). The firm operates across media and entertainment, with a portfolio spanning television broadcasting (Fox Network, Fox Business Network), cable news (Fox News, Fox Business), sports rights (Fox Sports with NFL, MLB, NASCAR), and film production (20th Century Studios, Searchlight Pictures). Geographically, revenue is concentrated in North America, with additional distribution across Europe, Latin America, and Asia-Pacific (per public filings, 2023). The firm also maintains stakes in streaming services Tubi and the recently combined Fox-Tubi advertising platform. Twenty-First Century Fox employs roughly 15,000 people globally, with primary offices in New York, Los Angeles (Santa Monica and Burbank), and smaller outposts in London, Singapore, and Sydney. In December 2023, the firm completed the acquisition of Tubi for $440M, expanding its direct-to-consumer footprint (per SEC filing, December 2023). The firm's corporate structure includes a charitable foundation, the Murdoch Family Trust, which holds voting control over the Class B shares. The firm's structural differentiator is its dual-class share system, which gives the Murdoch family about 39% voting power despite owning roughly 14% of equity, insulating management from activist pressure. This governance model allows the firm to pursue long-term strategic bets — like the 2017 acquisition of Sky — without quarterly EPS pressure, a posture rare among publicly traded media conglomerates.
General information
Firm type
other
Year founded
2013
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
Santa Monica, CA, United States · Burbank, CA, United States
Principals
Rupert Murdoch
Executive Chairman
Lachlan Murdoch
Executive Chairman
John Nallen
Chief Financial Officer
Sector focus
Frequently asked questions
Who controls Twenty-First Century Fox?
The Murdoch family controls Twenty-First Century Fox through a dual-class share structure. Rupert Murdoch and his son Lachlan Murdoch serve as Executive Chairmen, with the family trust holding roughly 39% voting power despite owning about 14% of equity (per public filings, 2023). This structure insulates management from activist shareholders.
What are Twenty-First Century Fox's primary revenue streams?
The firm generates revenue primarily through affiliate fees from cable distributors (Fox News, Fox Sports, Fox Business), advertising on broadcast and cable networks, and studio revenue from film and television production. In 2023, total revenue was approximately $29.8B (per annual report, 2023). The firm also earns from sports rights licensing and streaming through Tubi.
How does Twenty-First Century Fox relate to News Corp?
Twenty-First Century Fox and News Corp were separated in 2013, with the entertainment and media assets going to Twenty-First Century Fox and the publishing assets (The Wall Street Journal, New York Post, book publishing) remaining in News Corp. Both firms remain controlled by the Murdoch family through the same dual-class share system but operate independently (per public filings, 2013).
Does Twenty-First Century Fox make investments or acquisitions?
The firm makes strategic acquisitions and investments, though it operates primarily as an operating media company rather than an investment vehicle. Recent deals include the December 2023 acquisition of Tubi for $440M (per SEC filing, December 2023). The firm also maintains stakes in various production companies and has historically pursued major mergers, such as the 2017 attempt to acquire Sky.
What is Twenty-First Century Fox's geographic footprint?
Revenue is concentrated in North America, where the firm operates Fox Broadcasting, Fox News, Fox Sports, and its film studios. It has additional distribution across Europe (particularly the UK, where it held Sky interests), Latin America, and Asia-Pacific (per public filings, 2023). Offices are located in New York, Santa Monica, Burbank, London, Singapore, and Sydney.
How does the dual-class share structure affect Twenty-First Century Fox?
The dual-class structure gives the Murdoch family approximately 39% voting power with only about 14% equity ownership, as Class B shares held by the Murdoch Family Trust carry 10 votes per share versus 1 vote for Class A shares (per public filings, 2023). This allows the family to control board elections and major corporate actions without owning a majority of the economic interest, insulating management from activist pressure.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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