Institution Research

 

The 20^th Century Fox was formed by a merger between Twentieth Century Pictures, founded in 1933 by Darryl F. Zanuck and Joseph M. Schenck and Film Fox Corporation, founded in 1915 by William Fox.  

It is one of the six major American film studios and is the world’s second largest major film studio after the Warner Bros. 20^th Century Fox is located in Century City area in Los Angeles, California.

20th Century Fox Television is the studio's television production division. During the 1950's features were released to television in the hope that they would broaden sponsorship, help distribution of network programs and increase their popularity.

20^th Century Fox later went into music between 1933 and 1937. Then into radio between 1936 and 1942.

When 20^th Century Fox became more financially stable, the control was passed on to two new owners/investors in 1978. The new owners were Marc Rich and Marvin Davis. In 1985 Marc Rich was a fugitive from U.S justice, he then had to sell his share of the company to his partner Marvin Davies for 116 million dollars.
Davis then sold this part of the share to Rupert Murdoch for 250 million dollars in 1984. Davis later backed out of a deal with Murdoch to purchase John Kluge's Metromedia television stations. Murdoch went alone to buy the stations, and then later brought out Davies remaining stake of the 20^th Century Fox for 325 million dollars.