File photo: I saw the Fox News Channel logo on the TV vehicle outside the New York City News Company building.
Shannon Stapleton | Reuters
FoxEssence Finally entered a streaming game directly facing consumers.
The company is known for its news and sports TV content, and its purpose is to start subscription flow services by the end of the year.
The company’s chief executive officer Lachlan Murdoch said at the company’s quarterly income conference call that streaming services are not to subvert Fox’s position in traditional binding. Murdoch provides some details on Tuesday streaming services, except for advanced announcements. He said more information will be released in the next few months.
Unlike traditional media competitors, Fox (FOX) has been at the distance of streaming media so far, except for its free advertising support services. Fox will play a super bowl on Sunday, and so Dedication NFL first played the biggest game on TUBI for the first time.
However, after the late streaming media based on subscribing, it was after Fox Warner Bros. Discovery and Disney, last month Give up hard work Start a joint venture stream media application called Venu.
These three companies plan to summarize all sports content and provide in Venu streaming services. However, after delaying legal obstacles to the release date of 2024, these companies have canceled their plans to launch Venu plans.
Among the three partners, Fox is the only person who has no other choice that can provide sports content outside the cable television bundle package. Warner Bros. Discovery provides live sports content on the ribbon MAX. Disney’s ESPN has its ESPN+application and is developing a separate direct consumer ESPN streaming media. The company’s goal is to launch ESPN “flagship” in August, which is an unofficial name for all -inclusive ESPN services.
Fox’s Murdoch called Venu’s “only disappointment” of the company.
Fox (Fox) sold its entertainment assets to Disney in 2019, focusing on sports and news content. The company also reported stable ratings and advertising revenue, even during the recent advertising market decline. On -site sports and news are still the highest scores in traditional TV bundle packages, even if consumers have reduced streaming alternatives.
Murdoch said on Tuesday: “We are huge supporters of traditional cable bundle bags, and we will always be.” But although so, we really want to contact consumers anywhere. The traditional cable bundled bag.
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