As had previously been rumored, Fox is the latest player to snatch up a free streaming service, with the purchase of ad-supported TV and film purveyor Tubi for $440 million in cash.
Tubi
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Khaby Lame is ‘Coming to America’ in a Tubi star vehicle
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Fox Sells Stake In Roku To Purchase Ad-Supported Streamer Tubi For $440 Million
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Fox Looking To Acquire Tubi For Reported $500 Million, As NBCUniversal Sets Sights On Vudu
Two major streaming services -- both of which offer a free, ad-supported product -- are reportedly on the auction block. NBCUniversal is reportedly in talks to purchase Walmart-owned Vudu, CNET reports, while TV broadcasting giant Fox Corporation has its sights set on Tubi.
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Insights: Streamers’ Low-Key Sundance Start Still Showcases Tech-Powered Filmmaker Resourcefulness
Streaming servicers had lower profiles at the 2020 Sundance Film Festival, but filmmakers were using new tools to create unique projects and previously unheard stories.
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Insights: Netflix Tumbles But Who Can Take Advantage?
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