Fox Corp. Seizes Roku in $22 Billion Deal, Raising Concerns Over Media Consolidation
The Friday announcement places a major streaming platform under a powerful media conglomerate, with leadership changes that signal a shift in control.
Fox Corp. announced on Friday that it has purchased the streaming platform Roku for $22 billion, a move that many see as a significant step in consolidating media power under a single corporate entity.
The acquisition places Roku inside Fox Digital Platforms, a new division headed by Paul Cheesbrough, a former software engineer who has been tasked with turning Fox’s up‑start digital ventures into mainstream operations.
At the same time, Variety reports that Anjali Sud and Charlie Collier will exit, underscoring the rapid reshuffling of leadership as the deal reshapes the industry.
Loading comments…
Original reporting
Variety
Fox’s Paul Cheesbrough Will Expand Duties After Roku Deal; Anjali Sud, Charlie Collier to Exit
Paul Cheesbrough, a one-time software engineer who has worked to transform upstart digital ventures at Fox Corp. into mainstream operations, is taking on an important new role at the company following its $22 billion purchase of Roku. Cheesbrough was named co-chair and CEO of Fox Digital Platforms on Friday, a division that will house Roku […]
Read the original →The Washington Times
Fox buys streaming service Roku for $22 billion
Fox Corp. has purchased streaming platform Roku for $22 billion, the media giant announced Friday.
Read the original →
Facts this version was allowed to use
- Fox Corp. purchased the streaming platform Roku for $22 billion, announced on Friday.
- The purchase price was $22 billion.
- The deal was announced on Friday.
- Paul Cheesbrough was named co-chair and CEO of Fox Digital Platforms on Friday.
- Fox Digital Platforms is a division that will house Roku, according to Variety.
- Paul Cheesbrough is a one-time software engineer.
- According to Variety, Cheesbrough has worked to transform upstart digital ventures at Fox Corp. into mainstream operations.
- Anjali Sud will exit, according to Variety's headline.
- Charlie Collier will exit, according to Variety's headline.
Reader comments
Written by readers: not by Lens, its AI or the outlets it credits. Comments are screened before they show. Community rules
No comments yet. Be the first.