Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Oscars 2025: who will likely win, who should win, and who barely deserves to be there 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Squid Game Finale Boosts Netflix Earnings, But Guidance Disappoints Investors 
Netflix Shuts Down Boss Fight Entertainment, Developer of “Squid Game: Unleashed” Amid Gaming Strategy Shift 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Trump–Kushner Links Raise Concerns as Paramount Pushes $108B Warner Bros Discovery Bid 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Trump Signals He May Influence Netflix–Warner Bros Merger Decision 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
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
