Fox Corporation Class B - FOX STOCK NEWS

Fox Corporation has announced the formation of the Tubi Media Group, led by newly appointed CEO Paul Cheesbrough, effective April 26, 2023. This new business unit will consolidate Fox's digital operations, including Tubi, Credible, and Blockchain Creative Labs. The formation reflects Fox's commitment to growing its digital footprint, leveraging Tubi's success in the AVOD space, which has positioned it as a market leader. Executive Chair Lachlan Murdoch highlighted this move as essential for continued growth in the digital sector. The previous Tubi CEO, Farhad Massoudi, will step down but remain until June for a transition period. The Tubi Media Group is set to innovate in streaming, advertising, and technical services.

Fox Corporation (Nasdaq: FOXA, FOX) is set to discuss its third quarter fiscal 2023 financial results during a live audio webcast on May 9, 2023, starting at 8:30 a.m. ET. The financial results will be released earlier that day at 8:00 a.m. ET. The webcast aims to provide insights into the company's performance in the news, sports, and entertainment sectors, which are critical to its brand identity and market position. Fox continues to engage audiences with its major brands including FOX News Media, FOX Sports, FOX Entertainment, and Tubi, enhancing its relationships with consumers and advertisers alike.

On April 25, 2023, Fox Corporation (Nasdaq: FOXA, FOX) announced the date and time for its third quarter fiscal 2023 financial results discussion, set for May 9, 2023. The live audio webcast will begin at 8:30 a.m. ET, with results released at 8:00 a.m. ET. Investors can access the webcast through the company's investor relations site. Fox Corporation operates a range of notable brands including FOX News Media, FOX Sports, and Tubi, focusing on delivering engaging news, sports, and entertainment content.

Through its extensive content offerings, Fox aims to strengthen consumer relationships and enhance its advertising appeal, showcasing a strong presence in the industry.

Tubi, the ad-supported video-on-demand service of Fox Corporation (NASDAQ: FOXA, FOX), has announced an exclusive deal with VICE Media Group to launch eight Tubi Original documentaries. The first two documentaries are titled THE CULT OF ELON, premiering on April 24, and VIGILANTE, INC., debuting on May 6. THE CULT OF ELON explores Elon Musk's rise and influence, while VIGILANTE, INC. investigates the impact of online vigilantism. This partnership aims to enhance Tubi's unscripted content offering, addressing timely cultural topics and drawing on VICE's reputation for compelling storytelling.

Tubi, part of Fox Corporation, has unveiled new integrations and partnerships designed to enhance advertising capabilities at the Tubi Connect event in New York City. The new features include connections with VideoAmp and LiveRamp, enabling brands to execute more informed campaign strategies leveraging Tubi's rapidly expanding audience. Tubi now introduces Pause Ads, delivering impactful messaging during viewer pauses. Tubi is reported as the most-watched FAST service, accounting for 1% of total TV consumption in February 2023 according to Nielsen.

Fox Corporation has launched the FOX FUTURE Studio Lot Project in Los Angeles, aiming to build nine new sound stages and modern production facilities. This initiative is expected to generate $1.5 billion in direct economic impact and create approximately $9 million in annual revenue for public services. The project enhances local infrastructure, supports sustainability with LEED-Platinum buildings, and maintains thousands of jobs in Southern California. It further positions Los Angeles as a key player in the evolving entertainment industry, addressing the growing demand for sound stages and office space.

Fox Corporation has announced the FOX FUTURE Studio Lot Project, aimed at generating an expected $1.5 billion in local economic impact. This initiative will introduce nine new sound stages and modern production facilities in Century City, Los Angeles. The project is designed to meet the growing demand for film and television production and to preserve the iconic legacy of the studio lot established nearly 100 years ago.

Additionally, it aims to create $9 million in annual revenue for local public services and to maintain thousands of jobs, while incorporating sustainability measures such as LEED-Platinum buildings.

Tubi, Fox Corporation's ad-supported video-on-demand service, made its debut on Nielsen's The Gauge, achieving 1% of total TV viewing minutes in February 2023. This milestone positions Tubi as the most watched FAST service in the U.S. According to Chief Revenue Officer Mark Rotblat, the achievement validates Tubi's capacity to attract significant viewership through effective personalization. Additionally, Tubi's lightweight ad load and tools for advertisers offer significant advantages as they invest in a fully addressable audience.

Tubi boasts over 50,000 movies and TV shows, including Tubi Originals, and is accessible on various platforms, making it a compelling choice for viewers.

Tubi, an ad-supported video-on-demand service under Fox Corporation (NASDAQ: FOXA, FOX), will host its inaugural Tubi Connect conference for advertisers on March 23, 2023, in New York City. The event aims to provide insights into Tubi's growth trajectory and its strategy to connect diverse audiences with brand partners.

Highlighting record growth, Tubi reported a 44% increase in total viewing time year-over-year, with over 5 billion hours streamed in 2022 and 64 million active users. The conference will feature Tubi executives and discussions on effective advertising strategies.