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Corporation
fox.com

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Investments

8

Portfolio Exits

3

Partners & Customers

10

About Fox Entertainment

Fox Entertainment is an American television production company owned by Fox Corporation.

Fox Entertainment Headquarter Location

New York, New York,

United States

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Latest Fox Entertainment News

Fox Entertainment Boss Defends ‘Monarch’ Delay: ‘The Show Is Too Important to Us’

Jan 18, 2022

In pushing back the debut of its high-profile country-music drama “Monarch” until the fall, Fox is depriving one of the network’s prized newcomers one of the biggest launching pads in television. “Monarch,” which features a cast including Susan Sarandon, Trace Adkins and Anna Friel, was originally supposed to premiere Jan. 30 at 10 p.m. ET. That would put it right after Fox’s broadcast of the NFL’s NFC Championship Game. That honor is now going to Gordon Ramsay’s “Next Level Chef” — which premiered to big numbers after a football double-header on January 2. Fox cited production delays related to COVID as its reason for delaying “Monarch.” But how big of a launch pad is “Monarch” giving up? The last two NFC Championship Games have averaged more than 42 million viewers. Still, Fox believes it’s more important to guard against the pandemic throwing more wrenches into the show’s production timeline. “The show is too important to us. It has too much potential,” Fox entertainment president Michael Thorn told TheWrap during a wide-ranging conversation. “We don’t want to be in a position where COVID is deciding the show’s fate.” Thorn also discussed the loss of “Thursday Night Football” and whether “9-1-1” has “NCIS”-level franchise potential. The following conversation has been edited and condensed for clarity: Regarding the “Monarch” delay, you cited COVID-related production issues. Have there been positive tests on set that have forced you to stop and start production, or is it more that you wanted to make sure you’d have a full season to show before you premiered it? It’s both. We we’ve had a couple COVID scares. We have not had any serious shutdowns yet. We’ve just had to rearrange the production schedule, but as you know, just across the industry, including our other shows, COVID is impacting us all and it’s really intense right now. We have a show that we love. It’s obviously our first fully-owned Fox drama, and we took a step back and we looked at the decision at its most simplistic point, which is, “If we have a shutdown, are we willing to risk a spotty schedule?” Meaning an inconsistent air pattern and/or making creative compromises back into that schedule? And what we realized was the show is too important to us. It has too much potential. We don’t want to be in a position where COVID is deciding the show’s fate. And because we’re smaller, and it’s a little more nimble, we realized we could move it to the fall. We would have all the episodes and we could take advantage of the long lead time. Fox is putting the first seven episodes of the docu-comedy series “Welcome to Flatch” on digital platforms, including Hulu. Is that something you are looking to do more of? We’ve never done this before. And the reason we’re doing it is because one of the things that we pride ourselves on is trying to offer each show their own kind of curated experience. Launching any show right now is hard, especially comedy. I certainly believe that launching a comedy is a long game, and so what we’re doing at Fox is trying to look at alternative ways to launch shows in this crazy environment. And so we thought that on a show that we truly loved and that our feeling is the more episodes you watch, the more you fall in love with these characters, which I think happens on most promising comedies, we can try something different: Allow our audience to access the show through our platform and our linear model, but also give the audience another way to sample the show. The goal being to use both strategies to hopefully create conversation around the show that gets more sampling. By the time we get halfway through the season, maybe we will have shortcut a greater path to success. Was there any thought to including Tubi as part of this digital rollout? What we wanted to do, to be honest, was start with the partners we already have, and those partners embraced it. And I think once that happened, it felt like “OK, let’s lean into that. Let’s see if we can make it work.” Will Tubi be a part of “Flatch’s” future? It absolutely could be. But the thinking really was: We’ll start with the partners we have and see where it goes. “Welcome to Flatch” (Fox) Going into next season, for first time in five years you won’t have “Thursday Night Football.” Not only that, but you’ll have to program against it. How are you thinking about programming Thursday nights throughout the whole season? It’s a great question. It’s something that we’re talking a lot about. We look at that as an opportunity. Right now, we’re looking at the night holistically to see what can we do to advantage ourselves now that we kind of have a “new” night. I don’t have anything to share, other than to say we’re obviously talking a lot about it and are going to try and capitalize on it and, strategically, see it as an opportunity to launch new shows. “9-1-1” has been really a successful show, and the “Lone Star” spinoff has also done really well. Do you look at “9-1-1” as a potential franchise in the same way that CBS looks at “NCIS” and “CSI”? We definitely do. We’ve certainly talked about a third [series], just generally with 20th [Century production company] and the producers. There’s nothing specific to announce yet. But we were so proud of the shows. They do an incredible job with both “9-1-1” and “Lone Star,” by making them feel like they’re both from the same universe, but unique in giving them individual characteristics. We would be open to doing another one, the producers just have to find the right way to do it. In a way that they’re as equally excited about it.

Fox Entertainment Investments

8 Investments

Fox Entertainment has made 8 investments. Their latest investment was in Wondery as part of their Series A on March 3, 2018.

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Fox Entertainment Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/29/2018

Series A

Wondery

$5M

Yes

3

3/8/2018

Series C

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$99M

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10

11/22/2016

Series A

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$99M

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10

1/31/2016

Series B

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$99M

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10

8/17/2013

Corporate Minority

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$99M

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10

Date

3/29/2018

3/8/2018

11/22/2016

1/31/2016

8/17/2013

Round

Series A

Series C

Series A

Series B

Corporate Minority

Company

Wondery

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Amount

$5M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

10

10

Fox Entertainment Portfolio Exits

3 Portfolio Exits

Fox Entertainment has 3 portfolio exits. Their latest portfolio exit was Wondery on December 30, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/30/2020

Acquired

$99M

8

1/4/2007

Divestiture

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$99M

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10

9/22/2006

Acquired

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0

Date

12/30/2020

1/4/2007

9/22/2006

Exit

Acquired

Divestiture

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

8

10

0

Fox Entertainment Acquisitions

4 Acquisitions

Fox Entertainment acquired 4 companies. Their latest acquisition was MarVista Entertainment on December 13, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/13/2021

$99M

Acquired

3

9/13/2021

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$99M

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10

3/17/2020

Series D

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$99M

$99M

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10

7/12/2013

Other

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$99M

$99M

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10

Date

12/13/2021

9/13/2021

3/17/2020

7/12/2013

Investment Stage

Series D

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Acquired

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Sources

3

10

10

10

Fox Entertainment Partners & Customers

10 Partners and customers

Fox Entertainment has 10 strategic partners and customers. Fox Entertainment recently partnered with Sinclair Broadcast Group on December 12, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

12/21/2020

Licensee

Sinclair Broadcast Group

United States

1

12/17/2020

Partner

PepsiCo

United States

Pepsi teams with Fox on game show inspired by Wild Cherry flavor

`` Cherries Wild '' marks the latest collaboration between the soft-drink maker and Fox .

2

4/1/2020

Distributor

Comcast

United States

Comcast and Fox agree on broad new distribution deal

`` We are pleased to extend our longstanding and productive partnership with Comcast so that millions of Xfinity customers will continue to enjoy Fox Sports 's leading sports , entertainment and news programming for years to come , '' said Michael Biard , president of operations and distribution for Fox Sports , in a statement .

1

9/8/2019

Partner

Nexstar Media Group

United States

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10

11/13/2018

Distributor

MBC Group

United Arab Emirates

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10

Date

12/21/2020

12/17/2020

4/1/2020

9/8/2019

11/13/2018

Type

Licensee

Partner

Distributor

Partner

Distributor

Business Partner

Sinclair Broadcast Group

PepsiCo

Comcast

Nexstar Media Group

MBC Group

Country

United States

United States

United States

United States

United Arab Emirates

News Snippet

Pepsi teams with Fox on game show inspired by Wild Cherry flavor

`` Cherries Wild '' marks the latest collaboration between the soft-drink maker and Fox .

Comcast and Fox agree on broad new distribution deal

`` We are pleased to extend our longstanding and productive partnership with Comcast so that millions of Xfinity customers will continue to enjoy Fox Sports 's leading sports , entertainment and news programming for years to come , '' said Michael Biard , president of operations and distribution for Fox Sports , in a statement .

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Sources

1

2

1

10

10

Fox Entertainment Team

16 Team Members

Fox Entertainment has 16 team members, including former President, Senior Vice President, Toby Byrne.

Name

Work History

Title

Status

Toby Byrne

BBDO

President, Senior Vice President

Former

Rick Sirvaitis

President

Former

Edward Wilson

President

Former

Ravi Ahuja

Walt Disney Enterprises, Virgin Group, and McKinsey & Company

Chief Financial Officer

Former

Andy Mandell

Chief Financial Officer, Executive Vice President

Former

Name

Toby Byrne

Rick Sirvaitis

Edward Wilson

Ravi Ahuja

Andy Mandell

Work History

BBDO

Walt Disney Enterprises, Virgin Group, and McKinsey & Company

Title

President, Senior Vice President

President

President

Chief Financial Officer

Chief Financial Officer, Executive Vice President

Status

Former

Former

Former

Former

Former

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