Overview
21st Century Fox, formerly known as News Corporation, was a multinational mass media corporation founded by Rupert Murdoch in 1979. The company's history is marked by significant acquisitions, including Twentieth Century Fox Film Corporation in 1985 and The Wall Street Journal in 2007. However, the company's expansion was also marred by controversy, including a phone-hacking scandal in the UK that led to the closure of the News of the World tabloid in 2011. In 2019, The Walt Disney Company acquired 21st Century Fox's film and television assets for $71.3 billion, marking a significant shift in the media landscape. The acquisition has raised questions about the future of the media industry and the impact of consolidation on diversity and competition. With a Vibe score of 8, indicating high cultural energy, 21st Century Fox's legacy continues to shape the media landscape, with its influence extending to other companies and industries, including the rise of streaming services such as Netflix and Hulu, which have disrupted traditional television and film distribution models.
Key Facts
- Year
- 1979
- Origin
- Australia
- Category
- Media and Entertainment
- Type
- Corporation