Twenty-First Century Fox Inc. (NASDAQ:FOXA): Partners With Ghetto Film School


Dallas, Texas 05/15/2014 (FINANCIALSTRENDS) –Twenty-First Century Fox Inc. (NASDAQ:FOXA) recently announced to have partnered with an independent film organization, GFS (Ghetto Film School) to launch a new initiative in Los Angeles. This partnership will help GFS to expand its operation to Los Angeles which is expected to begin by June 2014. The initiative will be based on GFS’ award winning educational model which favors rigorous creative education model being utilized since 2000 at the South Bronx non-profit.

More about the Initiative:

GFS will be located in MacArthur Park neighborhood and will utilize facilities made available through its acclaimed non-profit partner, Heart of Los Angeles. A long standing partner of GFS, Twenty-First Century Fox Inc. (NASDAQ:FOXA) will provide both financial assistance as well as in-kind support for this initiative including involvement of senior executives as guest lecturers and mentors alongside sharing of content for integration into the school’s curriculum.

GFS will offer this program free of charge and will enroll 75 diverse, teenage storytellers from the local area during the initial phase of implementation. These teenagers will get an opportunity to complete a 30 month pre-professional exposure in cinematic storytelling along with production training. The model will be based on the “Fellows Program” model developed by GFS over the past one and a half decades.

Executive Comments:

Co-Chief Operating Officer of Twenty-First Century Fox Inc. (NASDAQ:FOXA), James Murdoch expressed that GFS has proved through its work of more than a decade that for social and education development of young people, creativity and storytelling are as essential as any traditional curriculum. The company already supports and is aspired to support storytellers and hence it feels just right to support new storytellers at the GFS.

Joe Hall, GFS founder, expressed greeted Twenty-First Century Fox Inc. for its support and recognizing the need to expand the curriculum to the west coast.

Stock Update:

Yesterday, Twenty-First Century Fox Inc.’s stock closed at $34.28, losing 1.78% from its previous close.