What Does The Fox Say? According to Twenty-First Century Fox Inc (NASDAQ:FOXA)
Fox Broadcasting Company is a Twenty-First Century Fox Inc (NASDAQ:FOXA) division. “The Fox” is a Norwegian pop song that very recently took the music world by storm and the company has bought the rights to this pop hit that went viral. A company spokesperson Gaude Paez, said that they have struck an agreement and now have the rights to use the song in their promos. The promo was completed 5 days post the song went viral but they were waiting for music clearance.
Ylvis, the Norwegian comedy group had released this song on YouTube and it has numerous animal calls and a tag line that says “What the Fox say”. Seems like that is what Twenty-First Century Fox Inc (NASDAQ:FOXA) latched on to. This song has sort of traveled the viral path like the Gangnam Style song did. The company’s video channel now features this song in the background of various commercials on the Channel.
In Friday’s trading session, Twenty-First Century Fox Inc (NASDAQ:FOXA) stock rose by 0.73%. The opening price of the shares was $32.78 which rose to an intraday high of $33.43 and dropped to a close of $33.26. Approximately 9.96 million shares were traded on Friday and the average volume of shares traded over a 30 day period was $8.70 million. The 52-week low of the shares was $26.99 and the 52-week high was $8.70. The company has a market cap of $76.81 billion.
Twenty-First Century Fox Inc (NASDAQ:FOXA) was previously News Corporation. It has a wide portfolio of broadcast, film, cable, pay television and satellite assets across 6 continents. It has a vast global portfolio of broadcasting and cable properties and networks such as FXX, FOX, FX, FS1, National Geographic Channels, Fox Business Network, MundoFox, STAR, Fox News Channel, Fox Sports Network, Fox Sports, Fox Pan American Sports, 28 local-TV stations;