Fox Buys Free Ad-Supported Streaming Service Tubi For $440 Million
Tubi brings Fox an expanded consumer offering with a sizable, younger-skewing and directly connected user base that spends over 160 million hours per month watching content on the service. Tubi is available on more than 25 digital platforms in the U.S. with some 20,000 titles and 56,000 hours of film and episodic television programming from over 250 content partners. Fox plans to continue to run Tubi as an independent service and said it will evaluate opportunities to expand its offering -- not through original content but in a "more cost-effective manner by leveraging our expertise in national and local news and sports programming." Tubi founder and CEO Farhad Massoudi will continue to lead the service.
Tubi brings Fox an expanded consumer offering with a sizable, younger-skewing and directly connected user base that spends over 160 million hours per month watching content on the service. Tubi is available on more than 25 digital platforms in the U.S. with some 20,000 titles and 56,000 hours of film and episodic television programming from over 250 content partners. Fox plans to continue to run Tubi as an independent service and said it will evaluate opportunities to expand its offering -- not through original content but in a "more cost-effective manner by leveraging our expertise in national and local news and sports programming." Tubi founder and CEO Farhad Massoudi will continue to lead the service.