Fox Corp Regards Tubi as Billion-Dollar Business

Broadcasting & Cable: Tubi, the streaming service acquired last year by Fox for $440 million, will grow to be a billion-dollar business, according to Fox CEO Lachlan Murdoch. Speaking on Fox’s fiscal second-quarter earnings call, Murdoch called Tubi “an exciting growth engine for the company and a key strategic platform not only for our digital expansion, but also our broader reimagining of Fox’s broadcast model for the future.”