Twenty-First Century Fox Inc (NASDAQ:FOXA)’s Latest Update

Posted on Apr 10 2014 - 1:01pm by Christine Lawrence

Boston, MA 04/10/2014 (wallstreetpr) –  The famous entertainment media, Twenty-First Century Fox Inc (NASDAQ:FOXA) was formerly a news corporation, which turned into global entertainment and media company across six continents. The company focus on filmed entertainment, television program, pay television as well as cable programming. The company holds the prestige to portfolio world famous television stations like, FOX, FX, FS1, Fox News Channel, Fox Sports, National Geographic Channels, American Sports, STAR and the count goes on.

Quarterly result sounds satisfactory:

According to the last quarterly report released by Twenty-First Century Fox on February 6, 2014, the company reported a gain in its revenue of around $8.16 billion. The revenue was higher than the consensus estimation and even 14.9% more than the previous quarterly financial declaration. The overall performance was satisfactory as announced by the Chairman of Board, Rupert Murdoch.

Court-case against Megaupload:

The latest news release from the Twenty-First Century Fox states that the branded media company has filed a case on April 7, 2014 against Megaupload and its major operators with the charges of copyright infringement on television and movie shows. The case filed also by Fox and the U.S. major movie studios like Columbia Pictures, Disney Enterprises and many more are currently under court’s decision.

New changes in the role:

Couple of days back the announcement on infringement issue against Megauplod, the Fox Company came up with a hot news. From the official board, it was announced that James Murdoch is designated to be the Chairman and Chief-executive officer of Fox and Lachlan Murdoch is positioned as Non-Executive Co-Chairman. This sensational announcement was made by Chairman and Chief-executive Officer, Rupert Murdoch and President and Chief Operating Officer, Chase Carey along with the board of directors of Twenty-First Century Fox.

Summer offering “Rio-2”:

However, in between all such designation-changes and dramatic business story, a wonderful story awaits the viewers. This summer, Twenty-First Century Fox is going to release “Rio 2″, an animated Hollywood movie. Hopefully “Rio 2″ will bring some refreshment this April, 2014. Away from mechanical and claustrophobic life, the new movie challenges to please the viewers especially kids!

About the Author

Christine Lawrence is a financial analyst. She loves analyzing socioeconomic trends in the background of financial moves. She has overall seven years of experience in Auditing, Finance and Writing.

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