Fox Buys Free Ad-Supported Streaming Service Tubi For $440 Million (deadline.com) 24
Tubi, a leader in the fast-growing free ad-supported streaming category, is being purchased by Fox for about $440 million. It's paying for the acquisition using cash from the sale of a minority stake in Roku. Deadline reports: 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 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," said Fox CEO Lachlan Murdoch.
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Offtopic... and just to clear something up: "Paracetamol" is their local word for Tylenol.
Re:Do not take ibuprofin for COVID-19!!!!! (Score:5, Informative)
Close, but not quite.
"Paracetamol" is the name of the active ingredient.
"Tylenol" is a brand name.
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Considering how the Brits pronounce aluminum, it would just be embarrassing for them to say acetaminophen
Good to know (Score:3)
Re:noone cares (Score:4, Insightful)
Are they still running stories about that hoax and how it's going to cause a recession to which the Trump Admin wants to pump over $1 trillion into the economy to protect the U.S. from, and bail out the travel industry and airlines which recklessly spent all their money on stock buybacks and C suite bonuses instead of saving it for a rainy day emergency fund?
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My coworkers who watch Fox news on purpose as opposed to just seeing clips of it on the comedy news like I do say they're now saying the same stuff as everyone else. So if they are to be believed, Fox is now also on board with reality, now that they've already done damage.
Yep, Tubi has ads (Score:3)
If Fox "fixes" that, then I'm a goner.
(Actually with Covid-19 -- I might ALREADY be a goner.)
Ambiguous headline is wrong either way (Score:1)
Buying something for $440 million doesn't sound very free, but that's what the headline literally says happened.
For what it's worth, ad-supported isn't really free either... the viewer still pays with the time they spend having to sit through ads.
Shouldn't that be "Disney buys Tubi" (Score:3)
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Well fuck (Score:2)
say it aint so (Score:2)
I really hate to hear this. tubitv is one of the few free streaming services that does not go overboard with commercials. once fox gets a hold of it, it could become like pluto or even worse, like some of the roku channels.
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Also, they have a great selection of independent low budget horror movies and documentaries that aren't streaming anywhere else.
Fox as in Fox Fox or Disney Fox? (Score:2)
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Fox buys ... (Score:2)
In other news:
A bag of rice fell over in Wuhan.
A mother-in-law got eaten by a grue.
In for the Win (Score:1)
Great! Conservatives now have a well funded YouTube where they can dedicate to spreading propaganda and false information. (Did you know blowing a hair dryer up your nose kills the Corona virus? You will now.)