{"id":110433,"date":"2020-03-18T01:30:51","date_gmt":"2020-03-18T01:30:51","guid":{"rendered":"https:\/\/appleinsider.com\/articles\/20\/03\/17\/fox-buys-ad-supported-streaming-service-tubi-for-440m"},"modified":"2020-03-18T01:30:51","modified_gmt":"2020-03-18T01:30:51","slug":"fox-buys-ad-supported-streaming-service-tubi-for-440m","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2020\/03\/18\/fox-buys-ad-supported-streaming-service-tubi-for-440m\/","title":{"rendered":"Fox buys ad-supported streaming service Tubi for $440M"},"content":{"rendered":"<p><!-- font size selector, BEGIN --> <span class=\"cfix\">&nbsp;<\/span> <\/p>\n<p class=\"gray small byline\"> By <a href=\"https:\/\/appleinsider.com\/cdn-cgi\/l\/email-protection#0769627074476677776b626e69746e6362752964686a\">AppleInsider Staff <\/a> <br \/><span class=\"gray\">Tuesday, March 17, 2020, 06:30 pm PT (09:30 pm ET)<\/span> <\/p>\n<p> <span><span class=\"article-leader\">Fox became the latest major media corporation to step into the world of streaming on Tuesday with its all-cash acquisition of Tubi, an ad-supported service that hosts a variety of popular television series and movies. <br \/><\/span><\/p>\n<div align=\"center\">\n<div class=\"article-img\"><img decoding=\"async\" src=\"https:\/\/www.sickgaming.net\/blog\/wp-content\/uploads\/2020\/03\/fox-buys-ad-supported-streaming-service-tubi-for-440m.jpg\" alt=\"Tubi\" height=\"368\" class=\"lazy\" data-original=\"https:\/\/www.sickgaming.net\/blog\/wp-content\/uploads\/2020\/03\/fox-buys-ad-supported-streaming-service-tubi-for-440m-1.jpg\"><img decoding=\"async\" src=\"https:\/\/www.sickgaming.net\/blog\/wp-content\/uploads\/2020\/03\/fox-buys-ad-supported-streaming-service-tubi-for-440m-1.jpg\"><\/div>\n<p><span class=\"minor2 small gray\"><\/span><\/div>\n<p>Under terms of the deal, which was financed in large part with funds Fox gained through a sale of its stake in Roku, Tubi will remain a <a href=\"https:\/\/www.thewrap.com\/fox-tubi-deal\/\">separate entity<\/a> and retain current CEO Farhad Massoudi, reports <em>The Wrap<\/em>.<\/p>\n<p>With a user base of 25 million people as of December, Tubi offers a range of movies and television shows from partners including Lionsgate, MGM and Paramount. Fox plans to leverage the platform for its own content, though the creation of originals, a mainstay of streaming leaders like Netflix, is not currently planned. <\/p>\n<p>&#8220;Tubi will immediately expand our direct-to-consumer audience and capabilities and will provide our advertising partners with more opportunities to reach audiences at scale,&#8221; said Fox CEO Lachlan Murdoch. &#8220;Importantly, coupled with the combined power of Fox&#8217;s existing networks, Tubi provides a substantial base from which we will drive long-term growth in the direct-to-consumer arena.&#8221;<\/p>\n<p>Fox&#8217;s acquisition follows similar moves from entertainment companies looking to take a slice of the booming streaming segment. Most companies are concentrating on subscription-based offerings, though some are experimenting with free-to-stream services. For example, ViacomCBS purchased Pluto TV for $340 million in 2019, while Comcast acquired Xumo in February. Sony also offers an ad-supported product in Crackle. <\/p>\n<p>Tubi content can be streamed on the web and on a number of portable and set-top device operating systems, including iOS and tvOS, via native apps. <\/p>\n<p><\/span> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; By AppleInsider Staff Tuesday, March 17, 2020, 06:30 pm PT (09:30 pm ET) Fox became the latest major media corporation to step into the world of streaming on Tuesday with its all-cash acquisition of Tubi, an ad-supported service that hosts a variety of popular television series and movies. Under terms of the deal, which [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":110434,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":["post-110433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apple-insider"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/110433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=110433"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/110433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/110434"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=110433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=110433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=110433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}