According to Vital Thrills, Fox Corporation has acquired Tubi, a free ad-supported streaming platform, after entering into an agreement for approximately $440 million.
FOX will continue to run Tubi as an independent service anchored by its robust consumer offering of licensed entertainment content.
Tubi, currently available on more than 25 digital platforms in the U.S., features over 20,000 titles and 56,000 hours of film and television programming from over 250 content partners including major studios.
FOX will evaluate expansion opportunities in cost-effective manners by leveraging expertise in national and local news and sports programming.