Fox to Launch Streaming Service This Year

Fox Corp. plans to launch a direct-to-consumer streaming service in 2025, CEO Lachlan Murdoch said during a call with analysts Tuesday. The streaming service will repackage existing Fox content, he said. Fox doesn't want to turn cable viewers into streaming customers, "so our subscriber expectations will be modest, and we're going to price the service accordingly." He said to broaden the reach of the broadcast of Sunday's Super Bowl, Fox will livestream the game on its free, ad-supported Tubi platform. Murdoch said the end of the Venu sports streaming joint venture with Disney and Warner Bros. Discovery (see 2501100002) was a "disappointment, [but] the legal distractions around the business became increasingly difficult to bear."