fnny Beta Launches With a Simple Idea: Find an Event, Show Up, Get Rewarded 
Anderson Cooper to Exit CBS News’ 60 Minutes After Nearly 20 Years 
Petrobras Joins Brazil’s New Diesel Subsidy Program 
Meta Connect Spotlights Camera-Free Smart Glasses Amid Privacy Concerns 
FCC Chair Brendan Carr to Testify Before Senate Commerce Committee Amid Disney-ABC Controversy 
SoftBank Raises $11.1 Billion in Bond Sale to Fund OpenAI Investment 
Prysmian, Rio Tinto Supply Low-Carbon Cables for Amazon Ohio Data Center 
BlackBerry Shares Rise as Q2 Earnings, Revenue Beat Estimates 
Disney Investors Demand Records Over Jimmy Kimmel Suspension Controversy 
China Vanke Shares Jump as Beijing Moves to Ease Debt Pressure 
Trump Signals He May Influence Netflix–Warner Bros Merger Decision 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Trump Threatens Legal Action Against Disney’s ABC Over Jimmy Kimmel’s Return 
McDonald’s Sees Flat Traffic, Sticky Inflation as New Normal 
JPMorgan Names Lavatelli Japan Chief in Leadership Shake-Up 
Google and NBCUniversal Strike Multi-Year Deal to Keep NBC Shows on YouTube TV 
George Clooney Criticizes Trump’s Tariff Threat, Calls for Film Tax Incentives 
Add as a preferred source on Google
Fox Corporation, an American mass media company, announced it placed its Fox Entertainment subsidiary under a restructuring scheme. The move will also involve a significant leadership shake-up within the studio.
Division of the Studios Operations
Fox Corp. said on Wednesday, March 27, that its entertainment studio’s restructuring will cover key segments: entertainment, streaming platforms, television, and global sales and licensing. The company appointed Fernando Szew, the co-founder and chief executive officer of MarVista Entertainment and Fox Entertainment Global, as the leader of the newly created studio unit of Fox Entertainment.
According to Variety, Fox Entertainment’s restructuring will divide the group into three main divisions: TV network, studios, and content sales. This reorganization will be the first major company revamp of Fox Entertainment since Rob Wade was promoted and took over the CEO role in October 2022. Before his promotion, he was the chief of unscripted and alternative programming for Fox Broadcasting, succeeding Charlie Collier, who resigned to join Roku Media.
New Leadership Appointments
As part of the overhaul, Wade promoted Michael Thorn to become president of Fox Television Network. As mentioned earlier, Szew will lead Fox Entertainment Studios, and the two will report directly to Wade.
Tony Vassiliadis will manage the third division, the sales group, in an interim post. Once a permanent head is assigned, Vassiliadis will be given a new role in the studio. Currently, he is also the executive vice president of Fox Entertainment Global.
Meanwhile, Fox is still currently searching for an executive who will be assigned to head the sales and licensing unit of Fox Entertainment Global. Szew previously held this post.
“Under this new structure, every division of FOX Entertainment is now poised for growth and creative excellence as we super-serve our audiences everywhere,” Wade stated in a press release. “Now the work begins.”
Photo by: Fox Entertainment Website
