+1-888-308-5802     
News Contact Us

Fox takes over Bob’s Burgers creator Bento Box to expand its portfolio

Author : Pankaj Singh | Published Date : 2019-08-08 

Fox Corp., an American television broadcasting company, has reportedly announced the acquisition of Bento Box Entertainment, an animation studio and creator of the popular sitcom Bob’s Burgers. Seemingly, the financial terms were not disclosed yet, while the acquisition was rumored to be at a likely valuation of under $50 million.

Sources familiar with the matter mentioned that it is the very first acquisition of an entertainment property for Fox Company since shareholder Rupert Murdoch sold majority of Fox entertainment assets, including the 20th Century television and Fox film studio, to Walt Disney Co. in the month of March.

Apparently, this move represents the desire of Fox to remain a leader in the area of prime-time animation. The Fox Network also broadcasts Family Guy and The Simpsons.

Sources further mentioned that Bento Box, which is situated in North Hollywood, will function as a stand-alone unit within Fox, a prominent division led by Charlie Collier, CEO of Fox Entertainment.

Supposedly, Bento Box is planning to produce two other series designed for the Fox Network, The Great North from Loren Bouchard, the maker of Bob’s Burgers and Duncanville, from producer Amy Poehler. Bob’s Burger was among the assets of Fox Studio that Disney had acquired in April 2019 for $71.3 billion. However, now Fox will share in the profits and along with this it will have complete rights to future projects produced by Bento Box.

Prominent sources stated that the executive team of the animation studio including co-founders Joel Kuwahara and Scott Greenberg will continue to manage the operation. This year, Fox is planning to launch SideCar, an incubator headed by existing Fox network head Gail Berman, to produce unscripted and scripted content.

Recently, Fox has also announced an agreement to acquire 67% of Credible Labs Inc. for $265 million. The San Francisco digital site offers consumer lending information, sources added.

 

Source Credits: https://www.latimes.com/business/story/2019-08-06/fox-buys-bento-box-animation-bobs-burgers

About Author

Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

Related News

Houston-based McDermott International to soon file for bankruptcy

Published Date: 2020-01-22         Author: Pankaj Singh

Oilfield service company, McDermott International has recently confirmed plans to file for Chapter 11 bankruptcy. Sources close to the matter cite that McDermott would file a prepackaged restructuring plan at the United States Bankruptcy Court in Houston. The restructuring plan, which has the bac... Read More

U Mobile set to invest billions of ringgits in 5G network spectrum

Published Date: 2020-01-20         Author: Pankaj Singh

U Mobile Sdn Bhd, a telecommunication service provider based in Malaysia, has plans to invest a large sum of money/ringgits in 5G network development for next generation connectivity. The company has already spent RM300 million for future rollouts, which is anticipated to complete in the Q3 of 2020,... Read More

Datadog launches partner program to support channel partners in ANZ

Published Date: 2020-01-18         Author: Pankaj Singh

Datadog, the global monitoring and cloud-scale analytics platform for developers, IT teams, and business users, recently announced the launch of a new partner program, expanding its support for channel partners in Australia & New Zealand. The Datadog Partner Network will offer a structured platf... Read More

© 2020 Fractovia. All Rights Reserved