Profile: Twenty-First Century Fox Inc (FOXA.OQ)
28 Jun 2016
Twenty-First Century Fox, Inc., formerly News Corporation, incorporated on October 23, 2003, is a diversified global media and entertainment company. The Company operates five industry segments: Cable Network Programming; Television; Filmed Entertainment; Direct Broadcast Satellite Television, and Other, Corporate and Eliminations. The activities of Twenty-First Century Fox, Inc. are conducted in the United States, the United Kingdom, Continental Europe, Asia and Latin America. The Company operates a global portfolio of cable, broadcast, film, pay-TV and satellite assets spanning six continents. The Company also owns BigDecisions.com platform, which provides financial decision-making tools to Indian customers.
Cable Network Programming
The Company produces and licenses news, business news, sports, general entertainment and movie programming for distribution through cable television systems, direct broadcast satellite operators, telecommunications companies and online video distributors in the United States and internationally.
FOX News and Fox Business Network owns and operates the FOX News Channel, the top rated 24/7 all news national cable channel available in approximately 96 million United States households according to Nielsen Media Research, as well as the FOX Business Network which is available in approximately 79 million United States households. FOX News also produces a weekend political commentary show, FOX News Sunday, for broadcast on local FOX television stations throughout the United States. FOX News, through its FOX News Edge service, licenses news feeds to FOX Affiliates and other subscribers to use as part of local news broadcasts throughout the United States and abroad. FOX News also produces and runs the websites, FOXNews.com and FOXBusiness.com, and owns and produces the national FOX News Radio Network, which licenses news updates and long form programs to local radio stations and to satellite radio providers.
Fox Sports Net, Inc. (FSN, Inc.) is the regional sports network (RSN) programmer in the United States, focusing on live professional and major collegiate home team sports events. FSN, Inc.’s sports programming business consists of ownership interests in 15 RSNs, including an approximately 80% ownership interest in the Yankees Entertainment and Sports Network, and numerous sub-regional feeds (the FSN RSNs) and National Sports Programming, which operates FSN (FSN), a national sports programming service. FSN is affiliated with an additional five RSNs that are not owned by FSN, Inc. (the FSN Affiliated RSNs). FSN provides the FSN RSNs and the FSN Affiliated RSNs with national sports programming, featuring original and licensed sports-related programming, as well as live and replay sporting events.
SPEED is a 24-hour programming service consisting of motorsports programming, including NASCAR races, events and original programming, The 24 Hours of Le Mans, AMA Supercross, Monster Jam and MotoGP. SPEED is distributed to subscribers in Canada and the Caribbean. SPEED is also distributed by Foxtel in Australia.
Fox College Sports consists of three regionally-aligned networks, FCS Pacific, FCS Central and FCS Atlantic. Fox College Sports provides live and delayed collegiate events from a variety of collegiate conferences, coaches’ shows and collegiate highlight and magazine-format programming from the FSN RSNs across the country.
Fox Soccer Plus is a premium cable network showcasing approximately 700 exclusive live soccer and rugby competitions. Soccer events include matches from the UEFA Champions League and FA Cup. Rugby coverage includes matches from the Heineken Cup, Aviva Premiership and the National Rugby League.
The Company owns an approximate 51% interest in the Big Ten Network, a 24-hour national programming service dedicated to the collegiate Big Ten Conference and Big Ten athletics, academics and related programming, and Big Ten Network HD, a 24-hour national programming service produced and distributed in HD.
FX Networks, LLC (FX) is an entertainment network that telecasts a growing roster of original series, as well as acquired television series and motion pictures. The Company also produces and distributes FX HD, FXX HD and FXM HD, 24-hour national programming services produced and distributed in high definition (HD).
The National Geographic Channels air non-fiction and documentary programming on such topics as natural history, adventure, science, exploration and culture. The Company holds an approximate 70% interest in NGC Network US LLC, which produces and distributes the National Geographic Channel, National Geographic Channel HD, Nat Geo Wild, Nat Geo Wild HD and Nat Geo Mundo in the United States, with NGT, LLC, a subsidiary of the National Geographic Society, holding the remaining interest. National Geographic Channel and National Geographic Channel HD currently reach approximately 85 million households in the United States and Nat Geo Wild and Nat Geo Wild HD reach approximately 56 million subscribers in the United States according to Nielsen Media Research.
The Company also distributes programming through its network-branded websites and applications and licenses programming for distribution through the websites and applications of cable television systems, direct broadcast satellite operators, telecommunications companies and online video distributors. The Company’s applications provide live and on-demand streaming of network-related programming, and include Fox Sports Go, Big Ten Network’s application, BTN2Go and FX’s application, FX Now, which offers existing episodes of The Simpsons in an immersive interactive area of the application called Simpsons World.
Fox International Channels (FIC) operates, develops and distributes primarily factual, sports, lifestyle and general entertainment channels in various countries in Europe, Latin America, Africa and Asia, including, the Fox Channel, Fox Life (which is also distributed in the United States), FX, Fox Crime, FOX Traveller, the Voyage Channel, Fox Sports, STAR World, STAR Movies (also known as Fox Movies Premium in certain countries) and Chinese language television programming targeted at Chinese-speaking audiences in Asia. The National Geographic Channel is currently shown in 48 languages and in approximately 171 countries internationally, including the United States. FIC owns approximately a 50.1% equity interest in Elite Sports Limited, a company that owns and distributes Baby TV, a 24-hour channel dedicated to infants and toddlers under three years old. The Baby TV channel is currently shown in approximately 100 countries, including the United States.
FIC owns approximately a 50% interest in MundoFox Broadcasting LLC, a joint venture with RCN MF Holdings, Inc., a Latin American television network and production company. In August 2012, the joint venture launched MundoFox, a Spanish-language broadcast television network targeted at the United States Hispanic market. MundoFox features original news and original and syndicated entertainment programming. FIC manages Channel [V] Thailand in which the Company owns approximately a 49% interest. Channel [V] Thailand owns a Thai language music channel. FIC licenses its Channel [V] brand to a third party in Australia to operate a music channel.
FIC has a joint venture with CJ E&M (formerly CJ Media), a Korean media conglomerate for the distribution of the M channel, a 24-hour general entertainment channel featuring Korean content, such as original dramas, variety shows, reality and lifestyle programs. STAR India develops, produces and broadcasts 49 channels in seven languages, which are distributed primarily via satellite to local cable, internet protocol television (IPTV) and direct-to-home (DTH) operators for distribution throughout Asia, the United Kingdom, Continental Europe, North America and parts of Africa to their subscribers. STAR India’s channels include the flagship Hindi general entertainment channels STAR Plus and Life OK, the Hindi movie channels Star Gold and Movies OK, the English general entertainment channels Star World, Star World Premier HD, FX and Fox Crime, the English movie channels Star Movies and Star Movies Action, the Bengali general entertainment channel STAR Jalsha, the Bengali movie channel Jalsha Movies, the Marathi general entertainment channel STAR Pravah, the South Indian languages general entertainment channels Asianet, Suvarna, Suvarna Plus and Vijay TV, and six STAR Sports channels. STAR India’s primary sources of programming for its channels include original programming produced, commissioned or acquired by STAR India.
The Company is engaged in the operation of broadcast television stations and the broadcasting of network programming in the United States. Fox Television Stations, Inc. (Fox Television Stations) owns and operates 28 full power stations, including stations located in nine of the top ten largest designated market areas (DMAs). Fox Television Stations owns and operates duopolies in 10 DMAs, including the three largest DMAs, New York, Los Angeles and Chicago. Of the 28 full power stations, 18 stations are affiliates of FOX (FOX Affiliates). For a description of the programming offered to FOX Affiliates, see FOX Broadcasting Company. In addition, Fox Television Stations owns and operates 10 stations affiliated with Master Distribution Service, Inc. (MyNetworkTV).
FOX Broadcasting Company (FOX) has 205 FOX Affiliates, including 18 stations owned and operated by the Company, which reach approximately 99% of all United States television households. In general, each week FOX delivers to its affiliates 15 hours of prime-time programming and 60 minutes of late-night programming on Saturday. FOX’s prime-time entertainment programming features such series as New Girl, Sleepy Hollow, The Following, The Simpsons, and Glee; unscripted series such as American Idol, Hell’s Kitchen and So You Think You Can Dance; event series such as 24: Live Another Day; and various specials.
The programming distribution service, Master Distribution Service, Inc. (branded as MyNetworkTV), distributes two hours per night, Monday through Friday, of original and off- network programming from Twentieth Television and other third party syndicators to its licensee stations. As of June 30, 2014, MyNetworkTV had license and delivery agreements covering 182 stations, including 10 stations owned and operated by the Company, reaching approximately 96% of the United States households.
The Company is engaged in the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media worldwide. It is also involved in production and licensing of television programming worldwide.
In motion picture production and distribution area, Twentieth Century Fox Film (TCFF) produces, acquires and distributes motion pictures throughout the world under a variety of arrangements. In addition, Fox International Productions, Inc. co-produces, co-finances and acquires local-language motion pictures intended for distribution outside the United States. The Company has an arrangement with DreamWorks Animation SKG, Inc. (DWA) to distribute new release animated motion pictures produced by DWA, as well as certain other library motion pictures and programming controlled by DWA, domestically and internationally in all media including theatrical, all home media formats and certain forms of television.
Motion picture companies is primarily engaged in the following four basic areas: distribution of motion pictures for theatrical exhibition in the United States and Canada and markets outside of the United States and Canada (international markets); distribution of motion pictures and other programming in various home media formats, including digital distribution; distribution of motion pictures and other programming for exhibition on premium pay and subscription video-on-demand (SVOD), and distribution of motion pictures and other programming for exhibition on free television networks, other broadcast program services, independent television stations and basic cable programming services, including certain services which are affiliates of the Company.
Television Programming, Production and Domestic Syndication Distribution
Twentieth Century Fox Television (TCFTV) produces television programs for FOX, FX, Netflix, and other channels. TCFTV produces the following television series: Backstrom, Bob’s Burgers, Bones, Bordertown, Empire, Family Guy, Glee, The Last Man on Earth, New Girl, The Simpsons, Sleepy Hollow and Weird Loners for FOX; American Horror Story for FX; Cristela, Fresh Off the Boat, Last Man Standing and Modern Family for ABC; and American Dad for Turner Broadcasting System.
Fox 21, Inc. (Fox 21) produces television programs for major United States cable networks. The Company produces Sons of Anarchy and Tyrant for FX; Homeland for Showtime; Brickleberry for Comedy Partners; Salem for WGN America; Legends for TNT, Witches of East End for Lifetime; and Rush for USA.
Twentieth Television licenses both television programming and feature films for domestic syndication to television stations and basic cable services in the United States. Fox Television Studios (FtvS) is a program supplier to the United States and international broadcast and cable networks. Shine Limited is an international television production and distribution group with 26 operating companies across 11 countries creating and exploiting scripted and non-scripted content in the global marketplace.
Direct Broadcast Satellite Television
The Company, through its subsidiaries, Sky Italia and Sky Deutschland, engage in the broadcast service business directly to subscribers in Italy (in the case of Sky Italia) and Germany and Austria (in the case of Sky Deutschland).
Other, Corporate and Eliminations
The Other, Corporate and Eliminations segment consists primarily of corporate eliminations and other businesses. The Company holds equity interest in the following companies: BSkyB, Hulu, Tata Sky, Bona Film Group, CMC-News Asia and others.
The Company competes with ABC, NBC, CBS, The CW Television Network, CNN, MSNBC, CNBC, Bloomberg Television, ESPN, NBC Sports Network, CBS Sports Net, Major League Baseball Advanced Media, Yahoo Sports, ESPN.com, NBCSports.com, CBSSports.com, USA Network, TNT, Spike TV, Home Box Office, Inc., Showtime Networks, Discovery Channel, History Channel, Animal Planet, Travel Channel, Science Channel, H2, Military Channel, Biography and Tru TV.
Twenty-First Century Fox Inc
1211 Avenue of the Americas
NEW YORK NY 10036
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