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Fox Corp Plans Subscription Streaming Service by End of 2025

Fox Corp will launch a subscription streaming service by 2025, including news and sports content, as it aims to reach cord-cutters and non-subscribers.

Overview

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Fox Corp is set to enter the subscription streaming market by the end of 2025, offering a new service featuring its news and sports content. This move comes as traditional cable viewership declines. CEO Lachlan Murdoch emphasized the streaming service aims to target consumers outside the traditional cable bundle, though it won't overshadow their existing pay-TV business. The service is intended to be low-cost and modest in expectations, following Fox's previous complications with a joint sports streaming venture. Recent fiscal results indicate strong advertising revenue, particularly from political ads, prompting confidence in the venture's potential.

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