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Mets Owner Steve Cohen’s Firm Discloses Large Stake in Fox Corp.

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Cohen’s hedge fund Point72 revealed the approximately 5 percent stake in Fox this week.

A high-profile investor has disclosed a significant stake in Fox Corp.

Steve Cohen, the hedge fund billionaire and owner of the New York Mets on Tuesday revealed that his firm, Point72, now owns about 5 percent of Fox’s shares, with a market value of about $350 million as of writing.

Point72 owns just shy of 10 million shares, with another 2.37 million exercisable in options. The company disclosed the holdings on a form 13G with the Securities and Exchange Commission, suggesting that it is a passive investment (active investments are usually filed on form 13D).

While Cohen is one of the most high-profile investors in the country (the character of Bobby “Axe” Axelrod in the Showtime series Billions is loosely based on Cohen), he is not known for running activist campaigns. Instead, Point72 is known for identifying opportunistic investments that other firms may have missed, and making large, concentrated bets on them.

In the case of Fox, it could be because of the potential for a larger deal or sale, or a bet that its strategic position is a strong one. Fox, for example, will bring its live sports to streaming for the first time later this year in a bundled offering with Disney and Warner Bros. Discovery.

Filings suggest that Point72 accumulated most of its Fox holdings in recent weeks. In its last quarterly report, filed in February, Point72 reported owning about 740,000 shares of Fox.

Fox Corp. owns the Fox broadcast network, Fox News and Tubi, among other businesses.

Fox, of course, was founded by Rupert Murdoch, and the Murdoch family effectively controls the company, with 42.9 percent of voting shares. Point72’s 5 percent stake would make it the fourth largest shareholder in the company, after only the Murdochs and the index fund managers Vanguard and Dodge & Cox.

A spokesperson for Point72 declined to comment on the investment, and a spokesperson for Fox declined to comment.

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Lewis Hamilton Inspired by Friend to Make Olympic Attempt, Just Not For Motorsport

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Over the years, Lewis Hamilton has made several friends belonging to different sporting backgrounds. Among them is Miles Chamley-Watson, a fencer who is currently gearing up for the 2024 Paris Olympics. Hamilton follows Watson’s career, and in an interview spoke about the possibility of following in his footsteps someday.

Hamilton was talking to CNN when he revealed his Olympic ambition. However, he isn’t looking at representing his country in the sport he excels the most – motorsports. Maybe because it isn’t a part of the Games, or maybe because the seven-time World Champion has other dreams.

Known to be an avid surfer, the interviewer asked Hamilton if surfing would be his choice to which the 39-year-old replied, “No, I’m not good enough to be surfing. But maybe I don’t know, maybe I’ll do an Olympic sport someday.”  

The F1 summer break will coincide with the Olympics in Paris, and Hamilton has an itch to support his friend Watson in the Games. They speak to and support each other almost every day, which is why Hamilton also knows how hard Watson has worked.

Still, he likely won’t pay a visit to watch the 34-year-old compete. “I am aware of me being at certain events…I know how much extra pressure sometimes it brings. So I haven’t yet committed to it.”

Talking about Olympic participation, however, it is difficult to imagine Hamilton competing in any sport other than racing or perhaps surfing.

The story of how Lewis Hamilton got into surfing

A lover of the ocean and water, Hamilton learned the art of surfing from two legends of the sport- Kelly Slater and Kai Lenny. However, they didn’t pique the Briton’s interest. The credit for that goes to his ex-girlfriend Nicole Scherzinger, who introduced him to the sport in 2010.

Hamilton’s first few lessons came at the Wadi Adventure wave pool in Abu Dhabi. By the time 2015 arrived, the Surfing bug had bitten the Brit and he would pair up with the likes of Slater and Lenny to go Surfing.

He has since been an avid surfer, picking up his board every chance he gets. Having narrowly escaped death during one of his outings, the future Ferrari driver shows no signs of stopping. As he puts it, Hamilton is always most comfortable when pushing himself to the limit.





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MLB Player Freddie Freeman’s Son, 3, Can’t Stand, Walk Amid Infection

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MLB’s Freddie Freeman and his family are in the midst of a difficult time.

The Dodgers first baseman and his wife Chelsea Freeman shared that their 3-year-old son Maximus was rushed to the emergency room as he was experiencing severe pain that made it difficult for him to sit or stand.

“Please say a prayer for Maximus,” Chelsea wrote on her Instagram Story July 24, per Us Weekly. “Dr says he developed transient synovitis from the viral infection he had at All-Star Week. Day 3 of not being able to sit, stand or walk.”

Transient synovitis is a “temporary inflammation of the hip can cause limping and pain in the hip and leg,” according to Kids Health.

The 33-year-old also put out a plea out to her fans, asking if they had “any tips to help toddlers take/keep down medicine?”

“He is usually good at taking medicine,” she explained about Maximus, “but he keeps spitting it out.”





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‘Arthur’s Not A Criminal Mastermind’

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There have been all kinds of iterations of the Joker over the years. Some veered more towards the exaggerated mobster route, like Jack Nicholson in Tim Burton’s Batman; there was Heath Ledger’s nihilistic terrorist in The Dark Knight; Jared Leto’s eccentric tattooed gang leader in Suicide Squad. But in Joker, Joaquin Phoenix gave us a totally different conception of who Batman’s arch-nemesis might be – a lonely, disenfranchised failed comedian whose inner turmoil spills over into violent acts that bring out the darkness festering in Gotham City. In Todd Phillips’ film, Arthur Fleck wasn’t a villain, let alone a maniacal schemer – more a mercurial, unpredictable force moving through the world in his own unique way.

And so, in Joker: Folie À Deux – the much-anticipated sort-of-sequel that sends Fleck to Arkham, where he’ll strike up a music-fuelled relationship with Lady Gaga’s Harley ‘Lee’ Quinzel – we’ll be venturing further into Arthur Fleck’s psyche. But, in keeping with the previous film, it won’t see the Joker become Gotham’s Clown Prince Of Crime. “We would never do that,” Phillips explains to Empire in the world-exclusive Joker: Folie À Deux cover feature. “Because Arthur clearly is not a criminal mastermind. He was never that.” While Fleck isn’t angling to become a criminal figurehead in Arkham, the world is watching him. “Arthur has become this symbol to people,” Phillips says. “This unwilling, unwitting symbol now paying for the crimes of the first film, but at the same time finding the only thing he ever wanted, which was love. That’s always what he’s been about, even though he’s been pushed and pulled in all these directions. So we tried to just make the most pure version of that.”

That purity of character exploration dovetails with Folie À Deux’s most unexpected stylistic swing – that Fleck (and Gaga’s Lee) will break into song. It comes from the notion in the first film that, in Phillips’ words, Fleck “has music in him”. Cue Phoenix singing showtunes, as channelled through Arthur. “It was important to protect that with poor phrasing and occasional bum notes,” the actor tells Empire. “Arthur grew up hearing his mother play these songs on the radio. He’s not a singer, and he shouldn’t sound like a professional singer. He should sound like somebody that’s taking a shower and just bursts out into song.”

He was, however, performing opposite the professional singer, Lady Gaga. “I do seem to remember her spitting up coffee the first time I sang, so that felt good, that was exciting, and made me feel confident,” he jokes. Together, they found a creative harmony. “Gaga was always very encouraging of just, ‘Go with what you feel, it’s fine’,” says Phoenix. “For somebody who’s not a performer in that way, it can be… uncomfortable to do that, but also very exciting.” Prepare for one hell of a cinematic duet.

Read Empire’s world-exclusive cover feature on Joker: Folie À Deux – speaking to Joaquin Phoenix, Lady Gaga, Todd Phillips and more about the making of their rule-breaking sequel – in the September 2024 issue, on sale Thursday 1 August. Pre-order a copy online here. Joker: Folie À Deux comes to UK cinemas on 4 October.



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