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Fox Plans to Launch Direct-to-Consumer Streaming Service by Year-end, CEO Says
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Fox Plans to Launch Direct-to-Consumer Streaming Service by Year-end, CEO Says
Feb 4, 2025 7:43 AM

10:17 AM EST, 02/04/2025 (MT Newswires) -- Fox (FOX) is targeting to launch a direct-to-consumer streaming service by the end of 2025, Chief Executive Lachlan Murdoch said Tuesday on the company's fiscal Q2 earnings call, according to a FactSet transcript.

Murdoch did not provide many details regarding the upcoming streaming service but said the company has no plans of turning a traditional distribution customer into a direct-to-consumer one. "And so our subscriber expectations will be modest and we're going to price the service accordingly," the executive said.

Shares were over 4% higher in recent trading.

Price: 51.15, Change: +1.96, Percent Change: +3.98

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