Fox Entertainment Group is an American entertainment industry company that owns film studios and terrestrial, cable, and direct broadcast satellite television properties. It is wholly owned and controlled by American media conglomerate News Corporation, since the company acquired all the stock of Fox. The transaction was completed on March 12 2005.
In 1996, Saban entered into a joint venture with the Fox Children's Network to form Fox Kids Worldwide. In 1999 it was renamed Fox Family Worldwide. In August 2001, Disney acquired Fox Family (now ABC Family) and Fox Kids (now Jetix) from News Corp and businessperson Haim Saban.