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Fox Corp.

NFL and Tubi Power Fox to $2.4B in Ad Revenue

The NFL delivered for Fox Corp. last quarter, helping to boost the company’s earnings and revenue, including $2.4 billion in advertising revenue. However, the company swung to a net loss in the quarter due to a change in fair value from the company’s investment in the betting company Flutter. In Fox’s fiscal Q2 (which ended […]

Fox Acquires Rights to Gumby, Plans to “Reimagine” Character

As part of the entertainment industry’s ongoing search for original intellectual property, Fox is seeing green. Fox Entertainment has acquired the Gumby franchise from the estate of Joseph Clokey, son of Gumby creator Art Clokey. The deal covers the iconic green clay-mation character, his horse Pokey, and all of the characters from Clokey’s animated universe. […]

Fox Plans In-Person “Portfolio” Upfront, Leaves Central Park for Battery Park

For the first time, Fox Corp. will hold a unified in-person upfront presentation that includes entertainment programming on the Fox broadcast network, as well as pitches for streaming service Tubi, Fox Sports and Fox News, the company said Wednesday. The in-person presentation, set for May 16, will also depart from tradition (or at least pre-pandemic […]

Discovery Buys Stake in Advanced TV Ad Joint Venture OpenAP

Discovery said on Monday that it has agreed to invest and become a minority owner of OpenAP, the advanced advertising joint venture company created by several media industry giants. Discovery joins Fox Corp., Comcast’s NBCUniversal and ViacomCBS in the joint venture whose goal is to bring “simplicity and scale to audience-based campaigns in television.” Financial […]

Entertainment Stock Picks for 2022: What Wall Street Is Bullish About

With the cost of the streaming wars accelerating, Wall Street is likely to spend much of the new year debating what subscriber trends and production budget news will mean for 2022’s stock winners and losers. And the impact of the coronavirus pandemic, notably the omicron variant, on businesses will also be in focus for analysts […]

Hollywood Stocks in 2021: Netflix Extends Gains, Disney and Discovery Drop

Coronavirus vaccines, variants and new waves of infection, global supply chain issues, Reddit-powered meme stocks, mergers and acquisitions, plus streaming hopes and fears were some of the ingredients that made 2021 another year of volatility for stocks, including those of audio entertainment companies and shares of Hollywood giants. But while the broader stock market is […]

Fox Corp. Ad Revenue Tops $1.1B Led by Live Sports, Tubi

Fox Corp. reported strong quarterly earnings Wednesday, as the TV business continued to rebound from a year earlier, when the pandemic was wrecking havoc on the advertising and TV business. The earnings, for fiscal Q1 of 2022 (the quarter that ended Sept. 30), saw the company have revenues of $3.05 billion (up 12 percent year-over-year), […]

Fox Corp. Expands NFT Business With WWE Deal

Fox Corp. and the WWE are teaming up to launch a marketplace that will sell non-fungible tokens (NFTs) based on the sports entertainment company’s catalog and intellectual property. The multi-year deal between the WWE and Fox makes the wrestling giant the first external partner to sign on to the company’s NFT efforts. Fox’s Blockchain Creative […]

Fox Plans NFT Debut With $20 ‘Masked Singer’ Collectibles

Fox’s plans in the digital collectibles space are beginning to get a little clearer. The broadcast network will launch its first set of non-fungible tokens (NFTs) Wednesday, tied to its celebrity singing competition The Masked Singer. The company will also launch a marketplace and community in which users can buy, sell or trade Masked Singer […]

Murdochs Take Pandemic Pay Cut to $31M and $27M

Fox Corp. CEO Lachlan Murdoch and his father, chairman Rupert Murdoch, each saw their compensation packages fall in 2021 due to pandemic-spurred pay cuts. Rupert still took home a compensation package valued at $31.1 million, with Lachlan Murdoch seeing a package valued at $27.7 million. Those are down from $34 million and $29.1 million the […]

Fox CEO Lachlan Murdoch Calls TMZ Buy “Very Modest”

Fox Corp. CEO says that the company’s roughly $50 million deal to buy TMZ was “very modest” in scale, but one that fits into the company’s overall acquisition strategy. Praising TMZ’s digital presence, Murdoch told a Bank of America conference Tuesday that “when we look at TMZ, we see a business that we were not […]

Fox Invests in Blockchain Distribution and Monetization Platform Eluvio

Fox Corp. is deepening its commitment to cryptocurrency with a new investment into Eluvio, an end-to-end platform for managing, distributing and monetizing content on the blockchain, the companies said on Wednesday. As part of the investment, which was valued at $100 million, Eluvio will provide the underlying technology powering Blockchain Creative Labs, an NFT company […]