SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------
Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 6, 1998
FOX FAMILY WORLDWIDE, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 333-12995 95-4596247
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
10960 Wilshire Boulevard
Los Angeles, California 90024
(Address of Principal Executive Offices)
(310) 235-5100
(Registrant's Telephone Number)
Fox Kids Worldwide, Inc.
(Former Name of Registrant)
Page 1
<PAGE>
ITEM 5. OTHER EVENTS
------------
Reference is made to the press release of Registrant, issued on May 6,
1998, which contains information meeting the requirements of this Item 5, and
which is incorporated herein by this reference. A copy of the press release is
attached to this Form 8-K as Exhibit 99.1.
Page 2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
May 8, 1998 FOX FAMILY WORLDWIDE, INC.
By: /S/ MEL WOODS
-------------------------------------------
Mel Woods
President, Chief Financial Officer and
Chief Operating Officer
Page 3
<PAGE>
EXHIBIT INDEX
EXHIBITS
- --------
99.1 Press Release dated May 6, 1998
Page 4
<PAGE>
EXHIBIT 99.1
FOX FAMILY WORLDWIDE, INC. ESTABLISHED
NEW NAME FOR FOX KIDS WORLDWIDE, INC.
REFLECTS ORGANIZATION'S INTERNATIONAL COMMITMENT TO
FAMILY ENTERTAINMENT
Los Angeles, CA (May 6, 1998) - To accurately represent its expanded focus
of providing quality entertainment to adults as well as to children and
teenagers, Fox Family Worldwide, Inc. (FFW) will become the new corporate
identity for the organization previously known as Fox Kids Worldwide, Inc.,
effective immediately.
That announcement was made today by Haim Saban, Chairman and Chief
Executive Officer, Fox Family Worldwide, Inc. (fka FKW) and Chase Carey,
Chairman and Chief Executive Officer, Fox Television and Co-Chief Operating
Officer, News Corporation, representing both entities in the joint venture.
Fox Family Worldwide, Inc. is a fully integrated global family
entertainment company which develops, acquires, produces, broadcasts and
distributes quality live-action and animated television series, specials and
motion pictures. Its principal businesses include the Fox Family Channel, one
of America's first and most widely distributed basic cable networks, reaching
more than 72 million households; Fox Kids Network, the top-rated children's
(ages 2-11) broadcast television programming service in the United States,
airing to 97 percent of TV households on affiliates of the Fox Broadcasting
Co.; Saban Entertainment, whose library of over 5000 half-hours of programming
and hundreds of hours of movies is among the largest in the world; and Fox Kids
International, with dedicated cable and satellite channels reaching 30
countries including the United Kingdom and the Republic of Ireland, Brazil,
France, Holland, Mexico, Australia, Colombia, Argentina, Peru, Poland and
Scandinavia.
The first subsidiary to incorporate the new company brand will premiere in
the U.S. on August 15, when the basic cable television network currently airing
as The Family Channel will be revitalized as Fox Family Channel, providing
family programming on a full-time, seven-days-a-week basis.
"By embracing the 'Family' designation in our corporate name and
broadening the demographics, we are more accurately acknowledging our target
audience and business objectives," explained Saban. "We are creating media for
kids, their teenage siblings as well as their parents and grandparents--
consumers of all ages. Fox Family Worldwide communicates that fact precisely."
"The children enjoying Fox Kids programming today throughout the world are
likely to become the Fox-brand loyal teenagers and adults of tomorrow," said
Carey. "Our new corporate identification simply reflects our intent to become
the world's leader of family entertainment in all media, including broadcast,
cable and satellite television."
Contact: Barry Stagg/Nicole Nichols
Fox Family Worldwide
(310) 235-5440/(310) 235-9650
Page 5
<PAGE>
