Exhibit 99.2

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Overview

On March 19, 2019, Twenty-First Century Fox, Inc. (“Twenty-First Century Fox” or “21CF”) completed the separation of a portfolio of its news, sports and broadcast businesses, including FOX News, FOX Business, FOX Broadcasting Company (the “FOX Network”), FOX Sports, FOX Television Stations Group, and sports cable networks FS1, FS2, FOX Deportes and Big Ten Network (collectively, the “FOX business”), and certain other assets and liabilities (the “Separation”). The Separation was accomplished by the distribution of all the issued and outstanding shares of common stock of Fox Corporation (“FOX”) to the holders of the outstanding shares of 21CF common stock (other than holders that were subsidiaries of 21CF) on a pro rata basis in accordance with the distribution merger agreement (the “Distribution”). 21CF stockholders received 1/3 of one share of FOX common stock for every one share of 21CF common stock held on the record date. FOX is now an independent publicly traded company with FOX class A common stock and FOX class B common stock listed on The Nasdaq Global Select Market under the symbols “FOXA” and “FOX,” respectively.

The unaudited pro forma condensed consolidated financial statements presented below (the “Pro Forma Financial Statements”) are presented to illustrate the estimated effects of (i) the Separation and Distribution of FOX and the related net cash dividend from FOX to 21CF and (ii) the sale of 21CF’s 39% interest in Sky plc (“Sky”) to Comcast Corporation (“Comcast”) for approximately £11.6 billion ($15.1 billion) (the “Sky Sale” and, together with the transactions identified in clause (i) above, the “Transactions”), which are described in more detail in note 1 to the Pro Forma Financial Statements.

The Pro Forma Financial Statements have been prepared in accordance with SEC Regulation S-X Article 11 and are not intended to be a complete presentation of 21CF’s financial position or results of operations had the Transactions occurred as of and for the periods indicated. In addition, the Pro Forma Financial Statements are provided for illustrative and informational purposes only, and are not necessarily indicative of 21CF’s future results of operations or financial condition had the Transactions been completed on the dates assumed.

The Pro Forma Financial Statements are derived by applying pro forma adjustments to the historical consolidated financial statements of 21CF.

The pro forma adjustments related to the Transactions include:

The unaudited pro forma condensed consolidated statements of operations for the six months ended December 31, 2018 and for the fiscal years ended June 30, 2018, June 30, 2017 and June 30, 2016 reflect 21CF’s results as if the Separation and Distribution had occurred on July 1, 2015 and the Sky Sale had occurred on July 1, 2017 and does not assume any interest income on cash proceeds. The unaudited pro forma condensed consolidated balance sheet as of December 31, 2018 gives effect to the Separation and Distribution as if it had occurred on December 31, 2018.

Pro forma adjustments included in the Pro Forma Financial Statements are limited to those that are (i) directly attributable to the Transactions, (ii) factually supportable, and (iii) with respect to the statements of operations, expected to have a continuing impact on 21CF’s results.

The Pro Forma Financial Statements are subject to the assumptions and adjustments described in the accompanying notes, which should be read together with the Pro Forma Financial Statements. Management believes that these assumptions and adjustments, based upon the information available at this time, are reasonable under the circumstances.

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The unaudited pro forma condensed consolidated statements of operations do not reflect future events that may occur after the closing of the Transactions, including, but not limited to, material non-recurring charges subsequent to the closing.

The Pro Forma Financial Statements should be read in conjunction with the following information:

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TWENTY-FIRST CENTURY FOX

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

FOR THE SIX MONTHS ENDED DECEMBER 31, 2018

(in millions, except per share data)

See accompanying Notes to the Unaudited Pro Forma Financial Statements.

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TWENTY-FIRST CENTURY FOX

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

FOR THE FISCAL YEAR ENDED JUNE 30, 2018

(in millions, except per share data)

See accompanying Notes to the Unaudited Pro Forma Financial Statements.

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TWENTY-FIRST CENTURY FOX

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

FOR THE FISCAL YEAR ENDED JUNE 30, 2017

(in millions, except per share data)

See accompanying Notes to the Unaudited Pro Forma Financial Statements.

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TWENTY-FIRST CENTURY FOX

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

FOR THE FISCAL YEAR ENDED JUNE 30, 2016

(in millions, except per share data)

See accompanying Notes to the Unaudited Pro Forma Financial Statements.

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TWENTY-FIRST CENTURY FOX

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET

AS OF DECEMBER 31, 2018

(in millions)

See accompanying Notes to the Unaudited Pro Forma Financial Statements.

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Notes to the Unaudited Pro Forma Financial Statements

Separation and Distribution of FOX

Pursuant to the terms of the Amended and Restated Agreement and Plan of Merger, dated as of June 20, 2018, between, among others, Disney and 21CF (the “combination merger agreement”), following the Distribution, a subsidiary of Disney will be merged with and into 21CF (the “21CF merger”), and 21CF will continue as the surviving corporation in the 21CF merger and a wholly owned subsidiary of TWDC Holdco 613 Corp. (“New Disney”).

Prior to the completion of the 21CF merger, 21CF and FOX entered into a separation agreement, pursuant to which 21CF, among other things, engaged in the Separation, whereby it transferred to FOX the FOX business and certain other assets and liabilities associated with such businesses. 21CF retained all assets and liabilities not transferred to FOX, including the Twentieth Century Fox film and television studios and certain cable and international television businesses. Following the Separation and prior to the completion of the 21CF merger, 21CF distributed all of the issued and outstanding common stock of FOX to 21CF stockholders (other than holders that are subsidiaries of 21CF) on a pro rata basis, in accordance with the distribution merger agreement.

On the day the Separation was completed, following the Separation but prior to the Distribution, FOX made a dividend payment to 21CF in the amount of $8.5 billion in immediately available funds. As the separation and distribution will be taxable to 21CF at the corporate level, the dividend is intended to fund the taxes resulting from the Separation and Distribution and certain other transactions contemplated by the combination merger agreement (the “transaction tax”).

Upon completion of the 21CF merger, each issued and outstanding share of 21CF common stock (other than (i) shares held in treasury by 21CF that are not held on behalf of third parties, (ii) shares held by subsidiaries of 21CF and (iii) shares held by 21CF stockholders who have not voted in favor of the 21CF merger and perfected and not withdrawn a demand for appraisal rights pursuant to the Delaware General Corporation Law) will be exchanged for, at the election of the holder thereof and subject to automatic proration and adjustment (as described below), consideration (the “21CF merger consideration”) payable in either cash (the “21CF cash consideration”) or New Disney common stock (the “21CF stock consideration”). Holders of 21CF common stock who make no election may receive the 21CF cash consideration, the 21CF stock consideration or a combination of the two in exchange for their shares. The consideration to be paid to holders of shares of 21CF common stock in the 21CF merger is subject, pursuant to the terms of the combination merger agreement, to automatic proration and adjustment, as applicable, to ensure that the total amount of cash paid by New Disney in the 21CF merger is equal to $35.7 billion. The 21CF merger consideration may be subject to an adjustment based on the final estimate of certain tax liabilities arising from the separation and the distribution and other transactions contemplated by the combination merger agreement. The 21CF merger consideration was set based on an estimate of $8.5 billion for the transaction tax, and will be adjusted immediately prior to the consummation of the transactions if the final estimate of the transaction tax at closing is more than $8.5 billion or less than $6.5 billion. Such adjustment could increase or decrease the per share value of the 21CF merger consideration, depending upon whether the final estimate is lower or higher, respectively, than $6.5 billion or $8.5 billion. Additionally, if the final estimate of the tax liabilities is lower than $8.5 billion, Disney will make a cash payment to FOX reflecting the difference between such amount and $8.5 billion, up to a maximum cash payment of $2 billion.

Sky Disposal

On October 3, 2018, 21CF entered into an agreement to sell its Sky shares to Comcast at a price of £17.28 for each Sky share. As a result, in October 2018, 21CF received cash consideration of approximately £11.6 billion ($15.1 billion) for its 39% interest in Sky.

The Separation and Distribution qualified as discontinued operations for 21CF, and FOX is therefore presented in the FOX column in accordance with the discontinued operations guidance in ASC 205, “Financial Statement Presentation.” In accordance with applicable SEC guidance, the unaudited pro forma condensed consolidated statements of operations for the six months ended December 31, 2018 and for the fiscal years ended June 30, 2018, June 30, 2017 and June 30, 2016 reflect the Separation and Distribution as discontinued operations. Upon completion of the Separation and Distribution, holders of 21CF class A common stock and class B common stock received, on a pro rata basis, all of the issued and outstanding common stock of FOX. The unaudited pro forma condensed consolidated statements of operations for the six months ended December 31, 2018 and for the fiscal years ended June 30, 2018, June 30, 2017 and June 30, 2016 reflect 21CF’s results as if the Sky Sale had occurred on July 1, 2017 and does not assume any interest income on cash proceeds. The unaudited pro forma condensed consolidated balance sheet as of December 31, 2018 gives effect to the Separation and Distribution as if it had occurred on December 31, 2018.

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FOX’s cash and cash equivalents of $1.4 billion includes $600 million, which was contributed by 21CF in accordance with the combination merger agreement, plus all net cash generated beginning January 1, 2018 by FOX’s businesses and assets. In accordance with the separation agreement, at the time of the Separation and Distribution, FOX was entitled to such cash amounts reduced by (i) applicable operational taxes, (ii) 30% of all cash dividends declared by 21CF from December 13, 2017 through the Distribution, (iii) 30% of all unallocated shared overhead and corporate costs from December 13, 2017 through the distribution, (iv) an allocated amount of shared overhead corporate costs consistent with 21CF’s historical approach to such allocation, and (v) certain other expenses related to the Separation and the Distribution. An estimate of the obligations described in clauses (i) – (v) are reflected in the $1.4 billion in cash and cash equivalents as of December 31, 2018. The remaining amount of these contractual obligations was approximately $800 million in the aggregate, which FOX settled in March 2019.

In 21CF’s historical financial statements, the associated expense / income was included in (loss) income from discontinued operations, net of tax financial statement line and is included in the other, net financial statement line in the FOX column as FOX would not present this as discontinued operations on a go forward basis. The pro forma adjustment eliminates the effect of the above reclassification on the Pro Forma Financial Statements.

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In accordance with the combination merger agreement, the dividend paid by FOX to 21CF with the intent of funding 21CF’s transaction tax was $8.5 billion. The 21CF merger consideration was set based on an estimate of $8.5 billion for the transaction tax, and will be adjusted immediately prior to the consummation of the Transactions if the final estimate of the transaction tax at closing is more than $8.5 billion or less than $6.5 billion. Such adjustment could increase or decrease the per share value of the 21CF merger consideration, depending upon whether the final estimate is lower or higher, respectively, than $6.5 billion or $8.5 billion. Additionally, if the final estimate of the tax liabilities is lower than $8.5 billion, Disney will make a cash payment to FOX reflecting the difference between such amount and $8.5 billion, up to a maximum cash payment of $2 billion.

The final estimate of the transaction tax, the cash payment from Disney to FOX, if any, and the per share value of the 21CF merger consideration at closing are subject to a number of uncertainties, as a result, a specific estimate of the transaction tax is not factually supportable at this time.

Following the execution of the original combination merger agreement, the United States enacted new tax legislation on December 22, 2017 that, among other things, reduced the maximum corporate income tax rate from 35% to 21%. Holding all other things equal, this change in tax rates will result in a significantly lower spin tax, and by extension a lower transaction tax than the one estimated when the exchange ratio under the original combination merger agreement was set. For purposes of the Pro Forma Financial Statements, a transaction tax payable of $6.5 billion is assumed as it is the lowest level of transaction tax that would not result in a change to the per share value of the 21CF merger consideration. If the actual transaction taxes are higher or lower than $6.5 billion, 21CF’s accounts payable, accrued expenses and other current liabilities would increase or decrease, respectively, by the amount of such difference. If the final estimate of transaction taxes is higher than $6.5 billion but lower than $8.5 billion, the net amount of the dividend from FOX to 21CF would be increased by such difference as well.

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