Posted 12/4/2023, 4:05:00 PM
Fox Takes Cautious Approach to Streaming Despite ESPN's Success, Focused on Core Offerings
- ESPN is "a great product" but only accounts for a "sliver" of overall sports content given fragmentation across leagues and networks
- Fox takes a conservative approach to streaming, relying on ad-supported Tubi and the traditional pay-TV bundle
- Fox has the capability to launch a direct-to-consumer streaming service but believes its current strategy is best
- Fox takes a disciplined approach to M&A, focused on opportunities that enhance its core news and sports verticals
- The future role of Rupert Murdoch and leadership configuration of Fox remains an open question impacting its strategy