Fox Corporation

Fox Corporation is an American multinational media company created in March 2019 through the separation of the television broadcasting, news, and sports assets retained by 21st Century Fox after The Walt Disney Company acquired most of that company. The new company preserved the Fox name and began trading publicly as an independent business, with Lachlan Murdoch serving as executive chairman and chief executive officer. Rupert Murdoch later became chairman emeritus and announced his retirement as Fox Corporation chairman effective November 2023. Fox operates a concentrated portfolio rather than the diversified film, theme-park, and international entertainment structure acquired by Disney. Its principal businesses include the Fox broadcast network, Fox Television Stations, Fox News Media, Fox Sports, the free ad-supported streaming service Tubi, Fox Business, Fox Entertainment, and digital media activities organized through Tubi Media Group. The company’s programming emphasis is live and appointment-based content, particularly national and local news, sports, political coverage, reality and entertainment programming, and broadcast television. The company’s formation was shaped by regulatory and strategic considerations surrounding Disney’s acquisition of 21st Century Fox. Disney already owned ABC, and the United States dual-network rule prevented it from acquiring another major broadcast network. As a result, the Fox broadcast network, Fox-owned stations, Fox News, Fox Sports’ national operations, and related assets were separated into the independent company. Regional sports networks were not retained and were ultimately transferred to a consortium led by Sinclair Broadcast Group. Since its launch, Fox has expanded selectively into digital video, sports betting partnerships, production, podcasting, and international sports media. It acquired Tubi in 2020, purchased TMZ and MarVista Entertainment in 2021, created Fox Entertainment Studios and Fox Entertainment Global in 2022, and formed Tubi Media Group in 2023 to coordinate digital properties including Tubi, Credible Labs, Blockchain Creative Labs, and other news, sports, and entertainment platforms. Fox also announced Fox One, a streaming service combining the Fox broadcast network with the company’s cable channels, as part of its response to cord-cutting and changing television consumption. Fox’s brand positioning is built around nationally recognized news and sports franchises, a broad broadcast distribution footprint, and a politically distinctive news identity. Its revenue model combines advertising, affiliate and retransmission fees, programming and distribution arrangements, digital advertising, and other media-related activities. The company remains closely associated with the Murdoch family, while its corporate strategy has emphasized maintaining a comparatively focused portfolio of live content and scalable digital extensions.

Fox Corporation emerged from the restructuring of 21st Century Fox associated with The Walt Disney Company’s proposed acquisition of the company’s film, television production, cable entertainment, and satellite-broadcasting assets. Disney announced the transaction in December 2017. The assets left outside the transaction were intended to form a more focused company, informally described as New Fox, retaining the Fox broadcast network, Fox-owned stations, Fox News, Fox Business, and national Fox Sports operations. Regional sports networks were separated from the transaction after United States antitrust concerns involving Disney’s ownership of ESPN. Lachlan Murdoch was selected to lead the successor company rather than his brother James Murdoch. Fox filed its registration statement with the Securities and Exchange Commission in January 2019 and began operating independently on March 19, 2019, the same period in which it replaced 21st Century Fox in the S&P 500. Disney completed its acquisition of the other 21st Century Fox assets the following day. Under the transaction arrangements, Disney was expected to phase out use of the Fox brand in certain acquired businesses to distinguish them from the newly independent Fox Corporation. Fox’s early strategy was to remain concentrated in broadcast, news, sports, and live programming. It did not pursue the former regional sports networks, which were sold to a Sinclair-led consortium and later rebranded. In 2019, Fox Sports expanded into sports betting through its investment and commercial relationship with The Stars Group, producing the Fox Bet brand. Fox also experimented with new content development through SideCar, although that unit was closed in 2020. The company broadened its digital and production capabilities through a series of acquisitions. It purchased a majority interest in Credible Labs and acquired animation studio Bento Box Entertainment in 2019. In 2020, it acquired Tubi, giving Fox a substantial free ad-supported streaming platform. TMZ joined Fox in 2021, followed later that year by MarVista Entertainment, a television and film production company. These moves extended Fox beyond linear television while preserving its emphasis on advertising-supported distribution. In 2022, Fox announced Fox Entertainment Studios, its first effort to build a wholly in-house television production operation, and introduced Fox Entertainment Global as an international distribution unit. Monarch was identified as the studio’s first series. In 2023, Fox organized Tubi, Credible Labs, Blockchain Creative Labs, and other digital properties into Tubi Media Group under Paul Cheesbrough. The same year, Fox and News Corp considered reuniting after having been separated in 2013, but the proposal was abandoned following resistance from shareholders and James Murdoch. Rupert Murdoch announced in 2023 that he would retire as Fox Corporation chairman, becoming chairman emeritus while Lachlan Murdoch continued as chairman and chief executive. A later Nevada probate dispute concerned control of voting rights under the Murdoch family trust and attracted attention because of its implications for the governance and editorial direction of the family’s media assets. Fox continued pursuing digital audio, streaming, and sports expansion. It acquired Red Seat Ventures in 2025 and announced Fox One, a streaming product intended to aggregate the Fox broadcast network and cable channels for audiences moving away from traditional pay television. It also announced expansion into Mexican sports broadcasting through Caliente TV and a proposed minority investment in Penske Entertainment, the owner of the IndyCar Series and Indianapolis Motor Speedway. These developments reflect Fox’s continuing effort to use recognizable news and sports brands across broadcast, cable, streaming, and digital platforms.

1. 2025Fox One is announced

   Fox announced a streaming service designed to package its broadcast and cable programming for direct online audiences.

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2. 2023Tubi Media Group is created

   Fox consolidated several digital businesses and platforms under a dedicated digital-media group.

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3. 2023Rupert Murdoch becomes chairman emeritus

   Rupert Murdoch retired as Fox Corporation chairman, with Lachlan Murdoch remaining the company’s principal executive leader.

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4. 2022Fox Entertainment Studios is launched

   Fox established an in-house production studio and announced an international distribution operation.

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5. 2020Tubi acquisition expands Fox’s streaming presence

   Fox acquired Tubi, strengthening its position in free ad-supported streaming video.

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6. 2019Fox Corporation begins trading and independent operations

   Fox Corporation became an independent public company and began operating separately from the assets acquired by Disney.

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7. 2018Lachlan Murdoch selected to lead the successor company

   Lachlan Murdoch was chosen to head the planned independent Fox business.

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8. 2017Disney announces planned acquisition of most 21st Century Fox assets

   The transaction established the basis for separating 21st Century Fox’s broadcast, news, and sports assets into a successor company.

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A focused American media group centered on news, sports, broadcast television, and ad-supported digital video, with a strong emphasis on live and event-driven programming.

• Fox Broadcasting CompanyBroadcast television network

  Fox’s national broadcast network is one of the company’s core assets. It distributes entertainment, sports, news-related programming, and other scheduled television content through affiliated stations across the United States. The network is central to Fox’s advertising and retransmission model and provides important programming for the planned Fox One streaming service.

• Fox News MediaCable news and digital media

  Fox News Media includes Fox News and related digital and television news operations. It is one of Fox Corporation’s most recognizable businesses and is built around continuous news coverage, opinion programming, political discussion, digital publishing, and advertising and distribution relationships.

• Fox SportsSports media

  Fox Sports encompasses national sports broadcasting and associated digital and commercial activities. Its portfolio is focused on live sports, event programming, studio coverage, and sports-related digital products. Fox has also used the sports division as a platform for sports-betting partnerships and additional international expansion.

• Fox Television StationsLocal television stations

  Fox Television Stations operates Fox-owned local broadcast outlets in major United States markets. The stations provide local news, syndicated and network programming, advertising inventory, and distribution reach for the broader Fox broadcast business.

• TubiAd-supported streaming2014

  Tubi is a free, advertising-supported streaming platform offering a broad catalog of films, television programs, live channels, and original or commissioned content. Fox acquired the service to establish a larger direct-to-consumer and digital advertising presence without relying solely on subscription revenue.

• Fox OneStreaming service2025

  Fox One is a direct streaming service announced to combine the Fox broadcast network with the company’s cable channels. It is intended to address cord-cutters and cord-never audiences by providing online access to Fox’s news, sports, entertainment, and broadcast programming.

• Fox Entertainment StudiosTelevision production2022

  Fox Entertainment Studios is Fox’s in-house television production operation. It was created to give Fox greater control over development and production, with Monarch identified as its first series. Fox Entertainment Global was announced alongside the studio to support international distribution.

• 2025Fox One streaming launch

  United States

  Fox announced a direct streaming product bringing together its broadcast network and cable-channel programming for viewers shifting away from traditional pay television.

  Outcome. The initiative positioned Fox’s live news, sports, and entertainment portfolio for direct digital distribution.

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• 2019Fox Bet launch

  United States

  Fox Sports partnered with The Stars Group to develop sports-betting products under the Fox Bet name, linking Fox’s sports audience and media inventory with a digital wagering proposition.

  Outcome. The partnership established Fox Bet as an early sports-betting extension of the Fox Sports brand.

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• 2023Abandon proposed merger with News CorpM&A

  Rupert Murdoch proposed exploring a combination of Fox Corporation and News Corp, which had been separated in 2013.

  What changed. The proposal was withdrawn after opposition from shareholders and James Murdoch.

  Aftermath. Fox and News Corp remained separate publicly traded companies.

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• 2022Build in-house production and international distributionStrategy

  Fox sought more control over content development and additional ways to distribute entertainment internationally.

  What changed. The company announced Fox Entertainment Studios and Fox Entertainment Global.

  Aftermath. Fox expanded from primarily distributing third-party and network programming toward a more integrated production and distribution model.

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• 2020Acquire TubiM&A

  Growing cord-cutting and the expansion of ad-supported streaming created pressure for traditional television companies to build digital distribution and advertising capabilities.

  What changed. Fox acquired Tubi and incorporated the service into its broader digital-media strategy.

  Aftermath. Tubi became a central part of Fox’s streaming and digital advertising portfolio and later formed part of Tubi Media Group.

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• 2019Retain a focused Fox portfolio after the Disney transactionStrategy

  The Disney transaction separated the former 21st Century Fox’s film, production, and cable-entertainment assets from the broadcast, news, and sports businesses.

  What changed. Fox Corporation retained its broadcast network, owned stations, national news operations, and national sports assets while declining to pursue the former regional sports networks.

  Aftermath. The company developed as a comparatively focused media group centered on live television, news, sports, and advertising-supported digital platforms.

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• 2024Murdoch family trust and voting-rights disputeControversy

  A Nevada probate case examined an effort to change voting arrangements in the irrevocable Murdoch family trust. The dispute had potential implications for control of Fox Corporation and related family media assets. The court reportedly rejected the proposed modification and found that the petitioners had acted in bad faith.

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• 2025Fox acquires Red Seat Ventures

  Fox acquired podcast and media company Red Seat Ventures, which was placed within Tubi Media Group while continuing to operate independently.

  M&A
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• 2025Fox announces Fox One streaming service

  Fox announced a streaming service combining the Fox broadcast network and the company’s cable channels for cord-cutters and cord-never audiences.

  Product launch
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• 2025Fox announces Mexican sports-media acquisition

  Fox announced plans to acquire Caliente TV, a Mexican sports-broadcasting platform, and appointed Carlos Martinez to lead its Latin American operations.

  M&ALeadership change
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• 2023Proposed Fox and News Corp combination is abandoned

  A proposed reconsolidation of Fox Corporation and News Corp was withdrawn after opposition from shareholders and James Murdoch.

  M&A
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• 2023Fox forms Tubi Media Group

  Fox created Tubi Media Group as a digital business unit covering Tubi, Credible Labs, Blockchain Creative Labs, and other digital properties.

  Leadership change
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• 2023Rupert Murdoch retires as Fox Corporation chairman

  Rupert Murdoch announced his retirement from the Fox Corporation chairmanship, with Lachlan Murdoch continuing to lead the company.

  Leadership change
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• 2022Fox establishes Fox Entertainment Studios

  Fox announced an in-house television production studio, whose first series was Monarch.

  Product launch
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• 2021Fox acquires TMZ and MarVista Entertainment

  Fox added TMZ’s entertainment-news operations and the MarVista television and film production business.

  M&A
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• 2020Fox acquires Tubi

  Fox expanded into free ad-supported streaming through its acquisition of Tubi.

  M&AProduct launch
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• 2019Fox Corporation begins independent operations after 21st Century Fox separation

  Fox Corporation began operating as a separate public company after Disney completed its acquisition of most of 21st Century Fox.

  M&AOther
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• 2019Fox launches Fox Bet through sports-betting partnership

  Fox Sports entered a partnership with The Stars Group to develop sports-betting products for the United States under the Fox Bet brand.

  Product launch
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1. Fox Corporation
2. Fox Corporation official website