Title: ABC Family Worldwide
Content:  ABC Family Worldwide is a subsidiary of Walt Disney Television that is responsible for the operations of the U.S. cable network Freeform and the Canadian cable network ABC Spark. The company was originally formed as International Family Entertainment, a spin-off of the Christian Broadcasting Network's cable network The Family Channel. In 1993, IFE acquired the assets of defunct British ITV broadcaster Television South, whose holdings included the library of U.S. studio MTM Enterprises. In 1996, IFE was acquired by News Corporation; the MTM library was melded into 20th Century Fox Television's library, while the remainder was melded into Fox Kids Worldwide (a merger of its Fox Kids unit with Saban Entertainment), to form Fox Family Worldwide. Fox and Saban planned to leverage the popular Fox Kids lineup to turn The Family Channel—which was re-branded as the Fox Family Channel following the purchase—into 
Title: ABC Family Worldwide
Content:  competitor to other children's-oriented cable channels such as Nickelodeon, Disney Channel, and Cartoon Network. The subsidiary also established international Fox Kids networks in Europe and Latin America. After facing struggling ratings and a failed attempt by Saban to buy out News Corp's stake in the venture, Fox Family Worldwide was later sold to its current owner, The Walt Disney Company, in 2001 for $5.3 billion. The purchase gave Disney ownership of the Fox Family channel (which was subsequently rebranded as ABC Family), the international Fox Kids channels (which were later re-branded as Jetix, and then Disney XD), and rights to the Saban Entertainment library. The subsidiary has since been amalgamated into the Walt Disney Television group. Saban Brands, Saban Entertainment's successor, would acquire the rights to some of the properties held by its predecessor; these assets have since been acquired by Hasbro.
Title: ABC Family Worldwide
Content:  On October 24, 2001, The Walt Disney Company acquired Fox Family Worldwide for $2.9 billion cash plus $2.3 billion in debt assumption, which gave Disney control of the Fox Family channel (which, owing to its new ownership, was renamed ABC Family, and its parent company renamed ABC Family Worldwide), the Saban Entertainment library, the Fox Kids brand name and its Fox Children's Productions library of shows, including its international networks in Latin America and Europe, as well as additional cable rights to Major League Baseball that were assigned to Fox Family via the Fox Sports division, which included a slate of Thursday-night regular season games, and Division Series games. ESPN 
Title: ABC Family Worldwide
Content:  into an agreement with 4Kids Entertainment to program a new children's block for the network. In March 2002, Angela Shapiro was named president of ABC Family Worldwide, after moving from president of Buena Vista Productions. She originally reported to ABC Broadcast Group president Steve Bornstein, who resigned in 2002. The post then reported directly to Disney president Bob Iger. In October 2003, ABC Family Worldwide was amalgamated into the ABC Cable Networks Group, run by Anne Sweeney. Shapiro also left the network that month. Later, programming executive Linda Mancuso died in December 2003. In early 2004, ABC Family's original movie production unit was taken over by Disney Channel's vice 
Title: ABC Family Worldwide
Content:  The company has its origins in Pat Robertson's Christian Broadcasting Network; the religious broadcaster had re-positioned its CBN Satellite Service, which primarily carried televangelism, as the CBN Cable Network, which carried a mixture of secular programming and religious programs. Owing to its new scope, the service was later renamed the CBN Family Channel. By the 1990s, the network had become too profitable to remain under the ownership of the non-profit CBN without legal repercussions. In January 1990, a decision was made to spin-off the CBN Family Channel into a new, for-profit company known as International Family Entertainment, via a sale at a price of $250 million in 
Title: ABC Family Worldwide
Content:  after one year of operation due to a lack of leverage and demand by cable providers (each only had 100,000 subscribers), and News Corporation's desire to invest more heavily in the parent channel. The Fox Family channel struggled under their ownership; Saban attempted to force News Corp. to sell it its share in the joint venture, but were unable to agree in a proper valuation. The ensuing conflict resulted in the two companies deciding to sell Fox Family Worldwide to a third-party. At the time, Fox was also preparing to acquire Hughes Electronics, the parent company of television provider DirecTV.
Title: ABC Family Worldwide
Content:  News Corp. won with a bid of $1.9 billion. The acquisition closed on June 11, 1997; IFE was folded into Fox Kids Worldwide, which itself was renamed Fox Family Worldwide. The acquisition was similar to IFE's now unrelated company CBN's sale of WXNE-TV to News Corporation a few years before. On August 15, 1998, The Family Channel was renamed Fox Family Channel; Fox continued to be subject to the mandate that The 700 Club be broadcast by the network. Rights to the MTM Enterprises library were folded into 20th Century Fox Television. Of the sale, Robertson stated that he "felt it 
Title: ABC Family Worldwide
Content:  the Digimon franchise, partnering with MarVista Entertainment as distributor. Hasbro subsequently announced a deal to acquire Saban Brands' entertainment assets in May 2018. On March 23, 2012, Corus launch ABC Spark, a preteen and teenage channel which serves as a Canadian version of Freeform (at the time named ABC Family) On March 24, 2012, the ABC Family division took control of Soapnet as part of the wind-down of the service in favor of Disney Junior. ABC Family was renamed Freeform on January 12, 2016. In 2019, ABC Family Worldwide would be reunited with most of its former Fox siblings when Disney acquired the bulk of 21st Century Fox's assets.
Title: ABC Kids (TV programming block)
Content:  On July 23, 2001, the Walt Disney Company purchased Fox Family Worldwide, primarily for its Fox Family Channel, which was included in the sale as well as Saban Entertainment, a company in which Fox purchased a 50% interest in 1994. On September 14, 2002, ABC rebranded its Saturday morning block, as a subtle nod to the Fox Kids brand acquired by Disney through its purchase of Fox Family Worldwide, to ABC Kids (as a result of the sale, Fox Kids ceased to exist; Fox's children's program lineups would be handled from that point onward by 4Kids Entertainment until 2008). The rechristened block originally 
Title: ABC Family Worldwide
Content:  of original programming and production Gary Marsh and vice president of original movies Michael Healy. In January 2004, Fox Kids Europe, Fox Kids Latin America and the ABC Cable Group launched a new joint brand for their children's television operations, Jetix, which would be used to brand programming blocks which aired on ABC Family and Toon Disney, its television channels in Europe and Latin America, along with its program library and merchandising. On December 8, 2008, Disney reached an agreement to increase its ownership in Jetix Europe to 96%, and announced an intent to purchase the remainder to give it full ownership. Following its takeover of Jetix Europe, Disney 

Question: Verify the following claims with "True" or "False": What is the name of ABC Family Worldwide's parent company?
Answer: True