A happy divorce as 21st Century Fox thrive

Rupert Murdoch

Since splitting from News International in June, fortunes at 21st Century Fox have only gone one way.....up.

Breakups are always hard and often lead to one side getting a raw deal, at least financially, but the same cannot be said of the recent separation between News international and 21st Century Fox.

Both the film and media juggernauts are thriving at the moment and after reports of a higher revenue than anticipated by 21st Century Fox, it’s fair to say that this divorce will have a happy ending.

It has been reported that a 16% rise in quarterly revenue to $7.2billion, is largely thanks to films such as Wolverine starring Hugh Jackman and the Dreamworks animation The Croods, (which netted in excess of $500m at the box office) are to thank, the rise based on the same period last year mean that record turnover could be on the cards.

With figures for those attending cinemas not as high as they once were it is thought that merchandise and celebrity exposure are key to the profitability of the company, but projections remain high and the film studio appear to be happy with both the split and the direction of their finances.

It looks like taking all of your eggs out of the same basket could be the way to go in the current market and that shared equity might and leaning on another may not always bring such fruitful rewards.

The morale of the story? Going alone can sometimes play dividends.

image: © World Economic Forum

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