New World Pictures was an independent motion picture and television production company, and later television station owner in the United States from the late 1980s to the mid-1990s. News Corporation became a major investor in 1994 and purchased the company outright in 1997; the alliance with News Corporation helped to cement the Fox network as the fourth major U.S. television network. Although effectively defunct, it, along with various regional subsidiaries (i.e. "New World Communications of Tampa"), continue to exist as holding companies within the complex NewsCorp corporate structure.