History
The Fox Entertainment Group was formed in the 1990s after the purchase of the Metromedia-owned independent stations by the 20th Century Fox film studio, at the time jointly owned by Australian media mogul Rupert Murdoch's News Corporation, and Denver billionaire Marvin Davis. These stations would later become the foundation of the Fox television network, which launched in October 1986, and the group itself. Not long after the Metromedia deal was made, Murdoch purchased Davis's shares and News Corp assumed complete control of 20th Century Fox.
In 1995, Saban entered into a joint venture with the Fox children's television network to form Fox Kids Worldwide, which was best known for the first ten Power Rangers series. In 1997 it was renamed Fox Family Worldwide. On July 23, 2001, it was announced that Fox Family Worldwide (now ABC Family Worldwide Inc.) would be sold to Disney from News Corporation and businessperson Haim Saban. On October 24, 2001, the sale was completed.
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