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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
