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News Corporation
1. History of News Corporation
(20th Century Fox)
Subsidiary of News Corporation
 Industry Film
 Founded May 31, 1935 (31/05/35),
by merger of Fox Films (founded in
1915) and 20th Century Pictures,
Inc. (founded in 1933)
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20th Century Fox's most popular film
franchises include Avatar, The
Simpson's, Star Wars, Ice Age,
Garfield, Alvin and the Chipmunks, XMen, Die Hard, Alien, Speed, Revenge
of the Nerds, Planet of the Apes, Home
Alone, Dr. Do-little, Night at the
Museum, Predator, Diary of a Wimpy
Kid and The Chronicles of Narnia
A potted history
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20th Century Fox
With financial stability came new owners, and in 1978
control passed to the investors Marc Rich and Marvin Davis.
By 1985 Rich has fled the US on tax evasion. Davis sold
Rich's half of Fox to Rupert Murdoch's News Corporation. Six
months later Davis sold his half of Fox, giving News Corp
complete control. To run the studio, Murdoch hired Barry
Diller from Paramount. Diller brought with him a plan which
Paramount's board had refused: a studio-backed, fourth
television network that was financed by advertising.
1986 the new Fox Broadcasting Company took to the air.
Over the next 20-odd years the network and owned-stations
group expanded to become extremely profitable for News
Corp.
In 2008 Fox announced an Asian subsidiary, Fox STAR
Studios, a joint venture with STAR TV, also owned by News
Corporation. It was reported that Fox STAR would start by
producing films for the Bollywood market, then expand to
several Asian markets
News Corp ownership
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Founded in Australia in 1979 by
Rupert Murdoch who owned a
vast number of Australia's
newspapers
Rupert wanted global expansion
into other mediums such as
TV,Film,Cable,Satellite TV,
Magazines etc and own other
significant and iconic
newspapers such as ‘The Times’
to add to his expanding portfolio
Rupert Murdoch is chairman
and CEO and he likes to have
various members of his family
involved in his media empire,
hence the CEO of News Corp in
Europe & Asia is his son James
Murdoch
Conglomerates
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What is a conglomerate?
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News Corp is the 3rd biggest media
conglomerate in the world
A conglomerate
is a combination of two or more corporations
engaged in entirely different businesses together
into one corporate structure, usually involving
several (or many) subsidiaries. Often, a
conglomerate is a multi-industry company.
Conglomerates are often large and multinational
(across countries)