The Walt Disney Company, a global entertainment conglomerate, made headlines in 2017 when it announced its agreement to acquire 20th Century Fox and most other holdings of 21st Century Fox. This massive deal, valued at approximately $71 billion, was finalized two years later. However, in 2020, Disney made a significant change by renaming 20th Century Fox to 20th Century Studios to avoid confusion with Fox Corporation.
To understand the ownership of 20th Century Fox, it is important to delve into the background. In 2013, media mogul Rupert Murdoch divided his media holdings into two separate companies. News Corp. was formed as a publishing group, encompassing well-known publications such as the New York Post and the Journal. On the other hand, 21st Century Fox was established as the parent company of 20th Century Fox, among other assets.
The Murdoch Family Trust holds a controlling stake in both News Corp. and 21st Century Fox, with ownership of 39% of the voting shares. This gives the Murdoch family significant influence over the operations and strategic decisions of these companies.
When Disney acquired 21st Century Fox in 2019, the deal included the renowned 20th Century Fox film and television studios. Additionally, Disney gained other valuable assets like U.S. cable and satellite channels such as FX, Fox Networks Group, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% ownership in the popular streaming platform Hulu.
The acquisition of 20th Century Fox by Disney marked a significant milestone in the entertainment industry. It allowed Disney to expand its already extensive portfolio, bringing together iconic franchises like Star Wars, Marvel, and Avatar under one roof. This consolidation of intellectual property has given Disney an even stronger foothold in the global entertainment market.
The Walt Disney Company’s acquisition of 21st Century Fox included ownership of 20th Century Fox and its various subsidiaries. This deal, which closed in 2019, granted Disney control over a wide range of assets, further solidifying its position as a dominant force in the entertainment industry. The renaming of 20th Century Fox to 20th Century Studios in 2020 helped differentiate it from Fox Corporation and align it with the Disney brand.
Who Owns The Rights To 20th Century Fox?
As of 2020, the rights to 20th Century Fox are owned by the Disney Company. In 2017, Disney reached an agreement to acquire 20th Century Fox and most other holdings of 21st Century Fox. The deal was finalized in 2019, with a value of approximately $71 billion. As a result, Disney became the owner of 20th Century Fox and its assets. In 2020, Disney decided to rebrand 20th Century Fox as 20th Century Studios, thereby changing the name of the renowned film studio.
Is 20th Century Fox Owned By Disney?
20th Century Fox is owned by Disney. The acquisition of 21st Century Fox, which includes 20th Century Fox, was completed by Disney on March 20, 2019. This acquisition allowed Disney to expand its entertainment portfolio and gain ownership of several popular franchises and properties. However, it is important to note that the studio’s name was changed to 20th Century Studios on January 17, 2020, to avoid confusion with Fox Corporation.
Does Rupert Murdoch Own 20th Century Fox?
Rupert Murdoch does not own 20th Century Fox. In 2013, Murdoch divided his media holdings into two separate companies: News Corp. and 21st Century Fox. The Murdoch Family Trust controls both companies through its ownership of 39% of their voting shares. 21st Century Fox, the former owner of 20th Century Fox, was one of the companies created as part of this division. However, in 2019, The Walt Disney Company acquired 21st Century Fox, including 20th Century Fox, in a multi-billion dollar deal. As a result, Rupert Murdoch no longer owns 20th Century Fox or any of its assets.
Is Fox Studios Owned By Disney?
Fox Studios is now owned by Disney. The acquisition of 21st Century Fox by the Walt Disney Company in 2019 included the 20th Century Fox film and television studios. This means that Disney now has control over the production and distribution of films and television shows previously associated with Fox Studios.
In addition to the film and television studios, Disney also acquired other assets as part of the deal. This includes various U.S. cable/satellite channels such as FX and Fox Networks Group, which are now under Disney’s ownership. Disney also gained a 73% stake in National Geographic Partners, a joint venture with the National Geographic Society, and Star India, an Indian television broadcaster.
Furthermore, Disney obtained a 30% stake in Hulu, a popular streaming service. This acquisition allows Disney to have a significant presence in the streaming industry, alongside its own streaming platform, Disney+.
Fox Studios is now owned by Disney as a result of the acquisition of 21st Century Fox. This includes the film and television studios, U.S. cable/satellite channels, stakes in National Geographic Partners and Star India, and a stake in Hulu.
Conclusion
The Walt Disney Company has undergone significant changes in recent years, particularly with its acquisition of 21st Century Fox and its various assets. This deal, valued at $71 billion, allowed Disney to expand its already vast media empire and solidify its position as one of the leading entertainment conglomerates in the world.
The acquisition of 21st Century Fox included the well-known 20th Century Fox film and television studios, as well as popular cable/satellite channels such as FX. Additionally, Disney gained a significant stake in National Geographic Partners, further diversifying its portfolio. The purchase also included Star India, an important player in the Indian television market, and a 30% stake in the streaming service Hulu.
With these additions, Disney has further strengthened its content library and distribution capabilities, allowing it to compete more effectively in the ever-evolving media landscape. The company now boasts an impressive array of intellectual properties and franchises, including the Marvel Cinematic Universe, Star Wars, and popular animated classics.
Furthermore, the rebranding of 20th Century Fox to 20th Century Studios in 2020 was a strategic move by Disney to avoid confusion with the newly formed Fox Corporation. This name change highlights Disney’s commitment to maintaining the legacy of the studio while aligning it with the Disney brand.
The Walt Disney Company’s acquisition of 21st Century Fox has significantly expanded its reach and influence in the entertainment industry. With its vast content library, global distribution channels, and diverse portfolio, Disney continues to be a dominant force in the world of media and entertainment.
