Search results for Tubi
Telecommunications & Media
Fox to buy Roku for $22 billion, combining news, sports and streaming
Fox will acquire Roku in a cash-and-stock deal valued at about $22 billion. The boards of both companies have already approved the transaction, TechCrunch reported on Sunday. The acquisition is expected to be completed in the first half of 2027. Fox aims to combine Fox News, its sports channels, its free ad-supported streaming service Tubi and Roku’s connected TV platform, seeking to expand its advertising precision and reduce reliance on traditional broadcasting.
Games & Commerce
Webtoon Entertainment Q1 operating loss 11.7 billion won, narrows 69.8 percent
Webtoon Entertainment, Naver Webtoon’s U.S. parent, said its first-quarter operating loss narrowed 69.8 percent from a year earlier on improved gross profit and cost controls. Revenue fell 1.5 percent to $320.87 million, but rose 0.2 percent on a constant-currency basis. The operating loss was $8.03 million and net loss fell 60 percent to $8.80 million. Paid content revenue edged up, while ad and IP business revenue declined.
Telecommunications & Media
K20 to produce FAST original \'Shine on in Seoul\'
K20, a global free ad-supported streaming TV (FAST) channel operator, said on May 11 it will produce the K-fashion and beauty reality programme \'Shine on in Seoul\'. The show follows foreign participants living in South Korea as they experience K-fashion and beauty. It is being filmed at locations including Seoul’s Dongdaemun Design Plaza and is being made for global airing in July.
