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In case it wasn’t obvious already, Lachlan Murdoch will continue as CEO of Fox Corp. for years to come. Fox on Thursday disclosed in a securities filing that it had given Murdoch an extension to his deal as CEO through June of 2030. CFO Steve Tomsic also scored a contract extension. Murdoch’s $3 million salary…
Sports took center stage, or should that be: center field, at MIP London on Tuesday in a panel discussion entitled “Sport & Creators: Strategic Priorities Shaping Streaming Platforms.” David Salmon, managing director, international at Fox Corp.’s Tubi, Olivier Jollet executive vp and international general manager at Paramount‘s Pluto TV, Paramount Skydance, and Walker Jacobs, global…
Red Seat Ventures, the Fox-owned creator services company, has hired Rena Ayer as senior vp of content & talent partnerships, responsible for developing the company’s relationships with key talent, as well as its content partnerships. Ayer was most recently at SiriusXM, where she led business development of the satellite radio company’s podcast business. An Air…
Fox is launching a new streaming service, while also trying not to cannibalize its large cable audience. The company is launching Fox One Thursday, which will bring the company’s live news programming, sports and entertainment together in one streaming app. In October, it will also offer Fox One consumers the option to bundle with ESPN’s…
In a major podcast and digital media deal that shakes up the landscape, Fox Corp. has acquired Red Seat Ventures. Res Seat Ventures produces audio and video podcasts and other programming with talent that includes a slew of former Fox and cable news stars. Among Red Seat’s clients are Megyn Kelly, whose show streams on…
MyBundle operates an online platform being used by nearly 220 broadband providers of various sizes that target consumers looking for help navigating the TV world in the streaming age by simplifying the process of putting together content bundles tailored to their needs. On its website, consumers can enter information on streaming services to which they…
Rupert Murdoch was sent off with a sizzle reel. In his final day as executive chairman of Fox Corp., Murdoch spent the morning in Los Angeles on the Fox Studio Lot in Century City, where he attended Fox’s annual shareholder meeting in the lot’s Zanuck Theatre. But unlike News Corp.’s annual meeting earlier in the…
Rupert Murdoch’s American media empire was forged in dealmaking. The mogul transformed a regional newspaper business into a juggernaut through acquisitions, perhaps most notably the 20th Century Fox Film Corp. in 1985 and Dow Jones (owner of The Wall Street Journal) in 2007. But he also knew when to sell. Murdoch split his companies in…
Business leaders retiring from executive roles at the age of 92 don’t typically come as much of a surprise — unless the person stepping aside is a media mogul called Rupert Murdoch. After Fox Corp. and News Corp. said on Thursday that Murdoch would step aside as chairman of both his companies, effective as of the…
Streaming businesses are getting overhauled in the hope of reaching profitability down the line; the advertising market may be stabilizing but has been challenged; Hollywood writers are striking; record cord-cutting has further eaten away at TV networks divisions that once were the big profit centers; companies are going through layoffs to address “macroeconomic” clouds. To…