Disney Drops Fox From 20th Century and Searchlight Studio Names

Mr. Murdoch still owns the Fox broadcast network, Fox News and a chain of 28 local Fox television stations, among other media assets. His new company is called Fox Corporation, and one of his sons, Lachlan Murdoch, is chief executive. (The old company was called 21st Century Fox.)

The Fox brand became synonymous with Mr. Murdoch starting in the mid-1980s, when he bought a stake in the 20th Century Fox movie studio and founded the Fox broadcast network to compete with ABC, CBS and NBC. He eventually took full control of the movie studio. Fox News arrived on the cable scene in 1996 as an alternative to CNN and grew into a behemoth that dwarfed the film company as a moneymaker.

Fox News remains a media superpower, but its brand has become a polarizing one. The network’s founding chairman, Roger Ailes, and one of its most popular on-air personalities, Bill O’Reilly, became the focus of sexual harassment scandals in recent years. Its prime-time opinion hosts are vocal supporters of President Trump.

Hollywood figures have grown more vocal in their criticism of Fox News. In 2018, for instance, Steve Levitan, the creator of “Modern Family,” which airs on ABC but is produced by the Fox studio that Disney now owns, wrote on Twitter that he was “disgusted to work at a company that has anything whatsoever to do with @FoxNews.” His comments came amid the 24-hour news channel’s coverage of the Trump administration’s border security policy.

Movies have been branded with the Fox name for more than a century. The name dates to 1915, when William Fox, a Hungarian immigrant, left the fur and garment industry to start a motion picture company. The 1929 stock market crash, among other misfortunes, forced the Fox Film Corporation to merge with a competitor, Twentieth Century Pictures, to form 20th Century Fox in 1935. The combined company made such Hollywood classics as “The Sound of Music,” “All About Eve,” “Alien” and “Die Hard.”

Article source: https://www.nytimes.com/2020/01/17/business/media/disney-fox-name.html?emc=rss&partner=rss