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Fox Buys Ad-Supported Streaming Service for $440 Million

By
Jessica Toonkel
· · Source: The Information

Rupert Murdoch’s Fox Corp is buying Tubi, an ad-supported streaming service, for $440 million. It’s the latest acquisition by a big media company to acquire an ad-supported streaming startup. Viacom spent $340 million to buy Pluto early last year and Comcast is reportedly looking at buying another service, Xumo.  More companies are looking at ad supported video as a way to offer something...

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