Fox Corp (Murdoch Owned)/ Bento Box Entertainment deal

[Y2kTheNewOldies]

https://www.hollywoodreporter.com/news/fox-corp-buys-animation-company-behind-bobs-burgers-1229785

Yes the Murdoch managed Fox Corp is involved in a deal to get Bento Box Studios.

Bento Box Entertainment, founded in 2009, produces shows for Netflix, YouTube and Fox Broadcasting.

After slimming down dramatically following Disney's $71.3 billion acquisition of most of the Murdoch family empire, the new Fox Corp. is bulking up.

The Lachlan Murdoch-led Fox has snapped up Bento Box Entertainment, an animation company that produces Bob's Burgers (on Fox) as well as series like Glove & Boots (on YouTube) and Paradise PD (for Netflix). Terms of the deal weren't disclosed.

Bento is also producing two upcoming series, The Great North and Duncanville, that will air on Fox. Bob's Burgers has run for nine seasons on Fox, and will return to the air for its tenth in September.

"You can’t walk around the Fox lot without noticing a decades-long passion for animation. It is in the Fox DNA and has served legions of fans, partners and investors,” Fox Entertainment CEO Charlie Collier said Tuesday in a statement. "As we grow Fox for the next generation, it only makes sense we would expand our animation capabilities by bringing on board the best in the business: Bento Box."
As demand for TV content grows, Fox becomes the latest studio to bring an animation studio in-house. Netflix launched its own animation studio last year to ramp up its production, as did CBS with its Eye Animation division.

 

[Y2kTheNewOldies]

https://variety.com/2019/tv/news/fox-bobs-burgers-bento-box-entertainment-1203294255/

In this posting the Value for the Bento Box Studio is under $50 Million.

Financial details of the purchase were not released, but a report from the Wall Street Journal puts the deal at under $50 million.

Bento Box will continue to operate as a stand-alone entity and produce content for all platforms. The company currently has shows with outlets like Netflix, Adult Swim, and Nickelodeon along with several other projects in development across multiple platforms.

Bento Box’s kids and family investment, Sutikki, and its related assets, are not part of the acquisition. The company’s leadership team will remain in place, including co-founders Scott Greenberg (CEO) and Joel Kuwahara (President of Production), and senior executives Brett Coker (COO), Ben Jones (Creative Director), Craig Hartin (GM of Bento Box Atlanta), Janelle Momary (Supervising Producer) and Andi Raab (Supervising Producer).

https://www.thewrap.com/gail-berman-fox-sidecar-development-team-hend-baghdaddy/

Also Fox Corp has another new Studio label called "Sidecar Entertainment"

Gail Berman has set her executive team for Fox Entertainment’s Sidecar, including four development executives and two members of the business and legal affairs team.

The highest-ranking among them, Hend Baghdady, comes from The Jackal Group, which Berman (pictured above) founded. Baghdaddy, who developed and executive produced “Tidying Up With Marie Kondo,” is not the only one of the bunch with The Jackal Group on her resume.

In (generally) descending-rung order on the “content development accelerator’s” corporate ladder: Baghdady is executive vice president of development and production; Susan Lierle is senior vice president of business and legal affairs; Jeff Nemon is senior vice president of drama development; Alana Romoff is vice president of development; Matthew Chadwick is vice president of alternative programming and production; and Eduardo Lopez-Mendez is manager of business and legal affairs.

 

[Y2kTheNewOldies]

https://uk.reuters.com/article/uk-c...KKCN1UV0FF?feedType=RSS&feedName=businessNews

Also at the same time The Murdochs got Credible Labs.

SYDNEY (Reuters) - U.S. broadcaster Fox Corp on Monday agreed to buy Credible Labs Inc in a deal valuing the online finance broker at $397 million (£326 million), as the Murdoch-controlled firm hunts for growth following the sale of its film and TV assets to Disney.

In a challenging media landscape, the San-Francisco-based Credible Labs, listed on the Australian Stock Exchange, gives Fox exposure to an online service that matches personal borrowers and lenders seeking to service the $1.6 trillion a year U.S. mortgage market.

“The acquisition of Credible underscores Fox Corporation’s innovative digital strategy that emphasizes direct interactions with our consumers,” Lachlan Murdoch, Fox Corp’s executive chairman and chief executive, said in a statement.

Credible’s online platform provides credit checks to borrowers seeking mortgages and student and personal loans, and uses that information to show them pre-qualified loan rates and refinancing options that they can click through to obtain.

The fintech company had synergies with FOX Business and FOX Television businesses and would join its FOX Sports app, live and on demand content and FOX Now, Fox said, which would help both companies to grow.

 

[TheBigA]

It's interesting that they're all boutique content companies that operate with lower overhead than the traditional Hollywood studio.

 

[Y2kTheNewOldies]

It's interesting that they're all boutique content companies that operate with lower overhead than the traditional Hollywood studio.

I never thought the Murdochs would go in that direction though such as getting into deals with Bento Box.

 

[Don CT]

I never thought the Murdochs would go in that direction though such as getting into deals with Bento Box.

The old man is not really in charge any more.

 

[Y2kTheNewOldies]

The old man is not really in charge any more.

Lachlan Murdoch is running Fox Corporation now.

 

[Y2kTheNewOldies]

https://www.hollywoodreporter.com/news/amy-carney-named-fox-entertainment-coo-1229899

Here are some changes coming to the Murdoch owned Fox

The exec exited her role as Sony TV ad sales and research chief in April 2018.
Charlie Collier is setting his exec team.

Former Sony Pictures Television president of ad sales Amy Carney has been appointed chief operating officer at Fox Entertainment. Based in L.A., Carney will report directly to Fox Entertainment CEO Collier.


In her new role, Carney will be charged with overseeing research, strategy and operations for the newly independent broadcast network.

https://variety.com/2019/tv/news/fox-entertainment-charlie-collier-tca-1203295311/

Fox Entertainment, now a standalone broadcast network unaffiliated with a studio after Disney swallowed its former corporate home’s entertainment assets, is “leaning into what makes [it] different structurally,” said CEO Charlie Collier at the Television Critics Assn. summer press tour on Wednesday.

“Given the trend in our industry toward consolidation, we get to determine, if for us, bigger is actually better,” he told the audience of journalists and television critics at the Beverly Hilton, saying that the “Fox evolution is well underway.”

Fox Entertainment is now part of a conglomerate that includes Fox Sports, Fox News Channel and 28 broadcast television stations.

Collier highlighted the success of “The Masked Singer,” which will debut a second season in the fall, in addition to a third season right behind the Super Bowl in 2020, and swatted away concerns that audiences might weary of the talent competition, in which celebrities compete in a singing contest while wearing disguises. Fox will air about 30 hours of the show, which Collier asserts still pales in comparison to the 75 hours aired by NBC’s “The Voice” or ABC’s “The Bachelor” series.