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Fox Buys Tubi For $440 Million

by admin
June 22, 2020
Fox Buys Tubi For $440 Million
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Fox Corporation purchased ad-supported streaming platform Tubi for $440 million. Fox is also bringing more than 20,000 movies and shows to the streaming platform.

Tubi is a very popular streaming platform with 25 million users. Tubi is also has popular studio partners. Tubi is providing thousands of films and TV shows to its users. Fox Corporation closed $440 million dollar deal with Tubi officials.

Fox CEO Lachlan Murdoch said: “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, Importantly, coupled with the combined power of FOX’s existing networks, Tubi provides a substantial base from which we will drive long-term growth in the direct-to-consumer arena.”

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