Fox, Comcast Pursue Takeovers of Ad-Supported Video Services Entertainment giants increasingly look to give consumers free or low-cost alternatives to premium subscription streaming services
By Lillian Rizzo, Joe Flint and Patience Haggin Updated Feb. 21, 2020 Fox Corp. and Comcast Corp. are each in discussions to acquire advertising-supported video services, as entertainment giants increasingly look to offer free or low-cost alternatives for consumers who don’t want to pay for streaming subscriptions. Fox has expressed interest in acquiring Tubi, an ad-supported streaming service that carries reruns of television shows and movies, according to people familiar with the matter. The companies are discussing a deal that could be valued at north of $500 million, the people said. Separately, Comcast’s NBCUniversal is in advanced talks to acquire Vudu from retail giant Walmart Inc., according to people familiar with the discussions. Vudu allows consumers to buy or rent movies or shows and in 2016 launched a free, ad-supported service that includes thousands of movies and TV shows. https://www.wsj.com/articles/nbcuniversal-in-talks-to-acquire-streaming-service-vudu-from-walmart-11582320612 _______________________________________________ Medianews mailing list Medianews@etskywarn.net http://etskywarn.net/mailman/listinfo/medianews_etskywarn.net
