With Fox's Acquisition of Tubi, Let the AVOD Wars Begin
Right now, the hottest slice of the streaming video market is the ad-supported segment, in contrast to purely subscription-based options like Netflix. And Fox Corp. (NASDAQ: FOX) (NASDAQ: FOXA) clearly knows it. Last week, the entertainment company -- which became a stand-alone entity a year ago after Walt Disney's (NYSE: DIS) mix-and-match acquisition of most of 21st Century Fox -- announced its $440 million purchase of commercial-supported video streamer Tubi.
That deal takes the last of the major independent ad-supported video on demand (AVOD) companies off the table; at this point, each of the major networks and studios has an ad-supported or ad-subsidized streaming service in its portfolio.
Now, let the games begin as they vie for dominance.
Source Fool.com
