Fox Corporation facts for kids
Logo used since 2019
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Headquarters at 1211 Avenue of the Americas
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| Public | |
| Traded as | |
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| Industry | Media |
| Predecessor | 21st Century Fox |
| Founded | March 19, 2019 |
| Founder | Rupert Murdoch |
| Headquarters | 1211 Avenue of the Americas, , |
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Area served
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Worldwide |
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Key people
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| Products | Television programs Web portals |
| Services | Broadcasting Licensing Streaming Television |
| Revenue |  US$13.98 billion (2024) |
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Operating income
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US$1.837 billion (2024) |
 US$1.501 billion (2024) |
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| Total assets | US$21.97 billion (2024) |
| Total equity | US$10.71 billion (2024) |
| Owner | Murdoch family (39% voting power) |
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Number of employees
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10,200 (2024) |
| Divisions |
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| Footnotes / references Financials as of June 30, 2024[update] |
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Fox Corporation, often called Fox Corp or just Fox, is a big American media company. It has its main office in New York City and other offices in Burbank, California. The company is named after William Fox, who was a famous producer.
Fox Corp mainly works in television broadcasting, news, and sports broadcasting. It owns popular channels and services like Fox Broadcasting Company, Fox Television Stations, Fox News, Fox Business, Fox Sports, and Tubi. The company was created on March 19, 2019. This happened when parts of another company, 21st Century Fox, were separated.
The Murdoch family controls Fox Corp. Rupert Murdoch is the chairman emeritus, which means he is a respected former chairman. His son, Lachlan Murdoch, is the current chairman and CEO. In September 2023, Rupert Murdoch announced he would step down as chairman.
Contents
History of Fox Corporation
How Fox Corporation Started
In December 2017, the Walt Disney Company announced it wanted to buy many parts of 21st Century Fox. These parts included movie studios like 20th Century Fox and channels like FX Networks. Disney offered a lot of money for these assets.
However, Disney could not buy everything. There was a rule from the FCC that stopped one company from owning too many big TV networks. Since Disney already owned ABC, it could not also own the Fox television network and its local stations.
So, the parts that Disney couldn't buy stayed together to form a "New Fox." This new company kept control of the Fox TV network, local TV stations, Fox News, and the national parts of Fox Sports.
In May 2018, it was decided that Lachlan Murdoch would lead this new Fox company. There was also a bidding war over another company called Sky plc. Disney increased its offer to buy the Fox assets to make sure they got them.
On March 19, 2019, Fox Corp officially started trading its shares on the stock market. This meant it became its own separate company. A politician named Paul Ryan also joined Fox Corp's board of directors around this time. Disney later decided to stop using the "Fox" brand for the parts it bought to avoid confusion with Fox Corp.
What Fox Corporation Does
Fox Corp began working as a separate company on March 19, 2019. Lachlan Murdoch, the CEO, met with employees soon after.
In May 2019, Fox Corp bought a small part of a Canadian online gambling company called The Stars Group. They also announced plans to create sports betting products together called Fox Bet.
In July 2019, Fox Entertainment started a new unit called SideCar to develop TV shows. This unit was later closed in June 2020.
Fox Corp also bought other companies:
- In August 2019, they bought Credible Labs and an animation studio called Bento Box Entertainment.
- In April 2020, they bought the streaming service Tubi.
- In September 2021, Fox Corp bought TMZ, a company known for celebrity news.
- In December 2021, they bought MarVista Entertainment, a studio that makes films and TV shows.
In September 2022, Fox Corp launched Fox Entertainment Studios. This was their first time making TV shows completely in-house. Their first show, Monarch, started in September 2022. Fox also announced that it would start selling its shows to other countries again through a new unit called Fox Entertainment Global.
In October 2022, Rupert Murdoch suggested that Fox and News Corp should merge back together. These two companies had been separated in 2013. However, many shareholders and even Rupert's son, James Murdoch, did not agree with this idea. So, in January 2023, the plan to merge was stopped.
In April 2023, Fox announced it would create Tubi Media Group. This new group would focus on digital businesses, including Tubi, Credible Labs, and other digital platforms for sports, news, and entertainment.
In September 2024, Rupert Murdoch tried to change how voting power worked in the family trust that controls Fox. This was related to who would have control over the company's future direction. However, a court ruled against this change in December 2024.
In February 2025, Fox bought Red Seat Ventures, a podcast company. This move helped Fox grow its presence in the podcast world.
In May 2025, Fox announced plans for a new streaming service in the U.S. called Fox One. This service will include the Fox broadcast network and the company's cable channels. It is set to launch on August 21, 2025.
In July 2025, Fox Corporation announced it would buy a part of Penske Entertainment. This company owns the IndyCar Series and the Indianapolis Motor Speedway. This deal also extended Fox's rights to broadcast the IndyCar Series races.
Legal Battle with Grupo Lauman (Fox Sports Mexico)
In March 2025, Fox Sports Mexico announced it was taking legal action against Fox Corporation. This was because of a disagreement over broadcasting rights for soccer matches of two teams, Club León and Club Pachuca. Fox Sports Mexico claimed its right to continue broadcasting these games was not respected.
However, Fox Corporation and Grupo Pachuca said that Fox Sports Mexico had not paid for these rights. They stated that Fox Corp's deal for the rights was legal and the games would continue to stream on Tubi. Fox Corp also mentioned that Grupo Lauman's permission to use the Fox brand in Mexico had ended.
Later in March 2025, Fox Corporation filed a lawsuit against Grupo Lauman in Los Angeles. Fox Corp claimed that it was owed money because it had acquired the broadcast rights for the soccer games. Fox Corp said that Fox Sports Mexico had gotten a temporary license to show the games but had not paid for it.
Assets of Fox Corporation
Fox Corporation owns many media and broadcasting properties. These include the Fox Broadcasting Company and Fox Sports Media Group. These assets were originally part of 21st Century Fox before the company was split.
See also
In Spanish: Fox Corporation para niños
- Succession of Rupert Murdoch – a court case from 2024
