Wednesday 23 March 2016

7.1 Structure and Ownership of the Media Sector

There are many different media sectors including television, film, computer gaming and the publishing industry. The media sector that I am going to be focusing on is film. The film industry is one of the most successful types of entertainment. The film industry also contributed to £4.3 billion to the UK's economy in 2006. Film is becoming increasingly popular in 2007, there were 516 films released in the UK, this is an increase in the past decade.

The creative media sector includes a wide range of industries, each employing large numbers of people in a variety of creative and technical roles (sometimes overlapping and individuals working in more than one industry):
  • Film (27,800)
  • Television (55,800)
  • Publishing (200,000)
  • Interactive media (40,000)
  • Games (10,000)
  • Radio (22,000)
  • Photo-imaging (44,000)
  • Advertising (17,000)
  • Animation (4,700)

One example of a film production company if 21st century fox. This is an American film studio, distributor and one of the six major American film studios. Located in the Century City area of Los Angeles, just west of Beverly Hills, the studio is currently owned by 21st Century Fox and is formerly owned by News Corporation.

This is the table of al the people that are involved in the production of the company and what bit of the company that they are in.




This company has different types of divisions in it one being television. 20th Television is Fox's television syndication division. 20th Century Fox Television is the studio's television production division. During the mid-1950s features were released to television in the hope that they would broaden sponsorship and help distribution of network programs. Blocks of one-hour programming of feature films to national sponsors on 128 stations was organised by Twentieth Century Fox and National Telefilm Associates. Twentieth Century Fox received 50 percent interest in NTA Film network after it sold its library to National Telefilm Associates. This company also has a division in music. Fox Music has been Fox's music arm since 2000. It encompasses music publishing and licensing businesses, dealing primarily with Fox Entertainment Group television and film soundtracks. Prior to Fox Music, 20th Century Records was its music arm from 1958 to 1982. This company also has a radio division. The Twentieth Century Fox Presents radio series were broadcast between 1936 and 1942. More often than not, the shows were a radio preview featuring a medley of the songs and soundtracks from the latest movie being released into the theatres, much like the modern day movie trailers we now see on TV, to encourage folks to head down to their nearest Picture House. The radio shows featured the original stars, with the announcer narrating a wonderful lead up, which really encapsulated the performance, such as in the film, Irene.


Here is the list of the other different divisions within this company:
  • Divisions
  • 20th Century Fox Home Entertainment
  • Fox 21 Television Studios
  • 20th Century Fox Television
  • 20th Television
  • 20th Century Fox Animation
  • Fox Searchlight Pictures
  • Fox Digital Studio
  • Fox 2000 Pictures
  • Fox Animation Studios
  • 20th Century Fox Japan
  • Fox Digital Entertainment

As part of the competition and mergers section of this assignment Time warner came into question on 21st Century Fox is that Twenty-First Century Fox, the media empire run by Rupert Murdoch, made an $80 billion takeover bid in recent weeks for Time Warner but was rebuffed, people briefed on the matter said on Wednesday. The bold approach could put Time Warner in play and might again ignite a reshaping of the media industry, prompting a new spate of mega-mergers among the nation's largest entertainment companies. Murdoch has built a global media juggernaut over nearly five decades spanning studios, television channels and newspapers, in part, by pursuing bold deals that were often rebuffed at first by the targets of his overtures, only to later acquiesce.

Together, Fox and Time Warner would become a colossus with an array of television networks and channels like Fox, Fox News, FX, TNT and TBS; the premium subscription channel HBO, movie studios like Twentieth Century Fox, Warner Brothers and other high-profile outlets. It would also combine Fox's growing sports business with the broadcast rights that Time Warner owns for professional and college basketball and Major League Baseball, among other sports. The combined company would have total revenue of $65 billion.

At the box office their profits were going down during the media conglomerate's most fiscal quarter. Revenues hit $7.38 billion, down 1% from the prior year, missing analysts expectations. Earnings per share topped off at 44 cents compared to 53 cents per share in the year-ago period, which was roughly in line with projections. Twenty-First Century Fox’s overall sales declined in 2015’s first fiscal quarter, mostly due the box office failure of “Fantastic Four.” Wall Street had expected Fox’s Q1 earnings per share to come in at $0.38 on $6.42 billion in revenue, per Yahoo Finance. Zacks was one penny more pessimistic per share. Fox reported actual revenue of $6.08 billion. The company made the $0.38 mark thanks to some adjustments. This could also relate to the financial concerns as they are losing money from the films as they aren't doing good at the box office.

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