Fox to launch new streaming service ‘Fox One' before NFL season
Article content
Fox Corp. is planning to launch a new streaming service combining its news, sports and entertainment content before the NFL and college football seasons this fall.
Article content
Article content
Pricing for the new platform, to be called Fox One, will be 'healthy,' and not a 'discounted price,' Chief Executive Officer Lachlan Murdoch said on a call with analysts to discuss quarterly earnings. Fox will also seek partnerships with other distributors and streaming services to 'gain as broad a possible distribution.'
Article content
The shares jumped as much as 6.9% as trading got underway in New York on Monday, lifted also by fiscal third-quarter earnings that beat expectations.
Article content
Fox already has a strong presence on cable TV with Fox News, Fox Sports and Fox Business. The streaming offering is designed to house all of its content under one roof, without cannibalizing its traditional audience.
Article content
Fox One is aimed at the 'cordless community,' Murdoch said. 'We do not want to lose a traditional cable subscriber.'
Article content
The new service is also partly a result of the collapse of Venu, a sports streaming joint venture with Fox, Walt Disney Co. and Warner Bros. Discovery Inc., that fell apart earlier this year due to legal challenges. Now some of the companies are going it alone. Disney will launch its long-planned ESPN streaming option later this year.
Article content
Fox One will feature personalized technology that adapts to viewing preferences and integrate live and video on-demand content, Fox said in a statement..
Article content
'We have built this platform from the ground up to allow consumers to enjoy and engage with our programming in new and exciting ways, leveraging cutting edge technology to enhance the user experience across the platform,' said Pete Distad, CEO of Fox One.
Article content
Fox also announced better-than-expected financial results in the first three months of the year, buoyed by broadcasting the Super Bowl. In the fiscal third quarter, Fox reported revenue jumped 27% to $4.37 billion, beating analysts estimates. Earnings per share were 75 cents, compared with $1.40 a year earlier, due to higher costs primarily for sports programming rights and production costs for the Super Bowl broadcast.
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
12 minutes ago
- CTV News
Carney agrees to ‘regularize' communication between Canada and China
Prime Minister Mark Carney arrives to a caucus meeting on Parliament Hill in Ottawa on Wednesday, June 4, 2025. THE CANADIAN PRESS/Sean Kilpatrick In a notable move amid recent diplomatic and trade tensions, Prime Minister Mark Carney has agreed to 'regularize channels of communication between Canada and China' after having a conversation with a top Chinese official on Thursday. According to a readout from the Prime Minister's Office (PMO) released late Thursday, Carney and Chinese Premier Li Qiang also agreed to work together to address the fentanyl crisis and discussed trade between the two countries. 'Prime Minister Carney took the opportunity to raise trade irritants affecting agriculture and agri-food products, including canola and seafood, as well as other issues, with Premier Li,' the readout says. 'They welcomed their trade ministers' meeting this week, during which Canada and China agreed to convene the Joint Economic and Trade Commission (JETC) at an early date to address outstanding trade issues,' the statement goes on to say. The PMO has confirmed to CTV News this was Carney's first conversation with Chinese leadership since becoming prime minister. Carney's outreach to China comes as he seeks to strengthen economic ties with other large economies like China and India in the face of U.S. President Donald Trump's global trade war. Asked directly while speaking to reporters on Parliament Hill on Friday on whether he trusts China, Carney did not give an explicit answer. 'This is the start of a process of recalibrating the relationship with China. It's very important that we reopen dialog with Chinese authorities for several reasons,' Carney said, while highlighting China as Canada's 'second largest trading partner.' Previously, during the federal election earlier this year, Carney called China one of the largest threats when it comes to foreign interference in Canada and emerging threats in the Arctic. 'China willing to work with Canada:' Li In an interview with CTV Question Period back in May, China's Ambassador to Canada Wang Di expressed China's desire to meet with the Carney government 'as soon as possible' to discuss the latest trade issues between the two countries. Premier Li released a statement on Friday, saying he spoke with Carney at the prime minister's request. 'China is willing to work with Canada, in the spirit of looking to the future, to promote the steady improvement of bilateral relations, bring them onto a track of sound and steady development, and strive for win-win cooperation,' Li said. Last October – under the government of former prime minister Justin Trudeau – Canada followed the U.S. lead and imposed a 100 per cent tariff on Chinese electric vehicles (EVs), accusing Beijing of 'distorting global trade' by exporting EVs at 'unfairly low prices.' Canada also hit China with a 25 per cent tariff on Chinese steel and aluminum. Following its own so-called anti-discrimination investigation, China retaliated by imposing a 100 per cent tariff on Canadian canola oil and canola meal, along with several other tariffs on Canadian agricultural products. In 2024, Canada's total canola exports to China were valued at almost $5 billion. China is also Canada's second-largest seafood market. Premiers have been putting pressure on Carney to improve trade relations with China and get those tariffs lifted. At the First Ministers' Meeting in Saskatoon on Monday, Carney said the federal government planned to work urgently to remove Chinese tariffs on impacted Canadian agriculture and seafood products. 'The Canadian government is engaging with its Chinese counterparts at the ministerial level and we'll continue those discussions,' Carney told reporters on Monday. The relationship between Canada and China still has not recovered since 2018 after Canada arrested Huawei executive Meng Wanzhou on behalf of the United States over bank fraud charges. Days later, China separately detained Canadians Michael Kovrig and Michael Spavor over allegations of espionage – accusations they denied. Both men were eventually released after spending more than 1,000 days in a Chinese prison, not long after Meng herself was released from house arrest. China's ambassador to Canada – who assumed his role in June 2024 – acknowledged those past tensions when speaking to CTV Question Period last month but insisted China is 'ready to move on and look ahead.' 'We are ready to work together with Canada to bring our relationship back onto the right track,' Wang said.
National Post
14 minutes ago
- National Post
Canada defeats U.S. to advance to CONCACAF Women's U-20 Championship final
ALAJUELA — Lea Larouche's 56th-minute goal lifted Canada to a 1-0 victory over the seven-time champion United States in semifinal play Friday at the CONCACAF Women's Under-20 Championship. Article content It was just the Americans' fourth loss in 66 games at the CONCACAF tournament (57-4-5). And it marks the first time in tournament history that the U.S. will not be part of the championship game. Article content Canada will face defending champion Mexico in Sunday's championship game at Estadio Alejandro Morera Soto. Mexico, which defeated Canada 4-2 in earlier Group B play, blanked Costa Rica 4-0 in the other semifinal. All four teams had already accomplished their goal of qualifying for the 2026 FIFA U-20 World Cup in Poland by reaching the semifinals. Article content Canada's goal came after Teegan Melenhorst's attempted chip deflected off one American defender past another to Larouche, who slid a shot under goalkeeper Caroline Birkel. Article content Canada was awarded a penalty in the 67th minute after Annabelle Chukwu was taken down in the U.S. penalty box. But the call was negated by offside after video review. Three minutes later, U.S. substitute Mary Long hit the Canadian crossbar with a shot. Article content Canadian goalkeeper Noelle Henning made a diving save in stoppage time to preserve the win. Article content The U.S. outshot Canada 12-9 (5-2 in shots on target) and had 64.6 percent possession. Article content Canada returns to the final for the first time since 2015, when it lost 1-0 to the U.S. It marks Mexico's fourth consecutive final, having won two of the previous three (2018 and 2023). Article content Article content Canada won the CONCACAF tournament in 2004 and 2008. Article content Canada has taken part in nine of the previous 11 editions of the FIFA U-20 tournament, missing out in 2010 and 2018. The Canadians lost 2-1 to Spain in the round of 16 at last year's FIFA U-20 World Cup in Colombia. Article content Canada booked its ticket to the CONCACAF tournament by winning its qualifying group with ease in February. The Canadians outscored their qualifying opposition 43-0, dispatching Dominica 22-0, Bermuda 9-0 and host Trinidad and Tobago 12-0.
Globe and Mail
24 minutes ago
- Globe and Mail
Why Applied Digital Stock Soared Again Today
Applied Digital (NASDAQ: APLD) stock posted another day of big gains in Friday's trading. The company's share price closed out the daily session up 8.5%. The S&P 500 ended the day up 1%, and the Nasdaq Composite closed the session up 1.2%. Applied Digital stock continued to rocket higher today after the latest jobs report for the Bureau of Labor Statistics (BLS) got a bullish read from investors. The company's share price has now more than doubled over the last week of trading. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » May's jobs data served up a bullish catalyst for Applied Digital stock The BLS published May's employment data today, and investors saw promising signs in the results. Excluding farm jobs, the U.S. economy added 139,000 net jobs last month. Meanwhile, economists had forecast 125,000 net job additions in the period. Because it could have signaled higher inflationary pressures, stronger-than-expected jobs growth could have actually been a negative indicator for Applied Digital and other growth stocks. But the BLS' update also revised April's net jobs growth figure down by 30,000 and March's jobs additions down by 65,000. The new BLS report generally signals that the U.S. economy is growing at a relatively modest pace. In turn, this makes it more likely that the Federal Reserve will lower interest rates this year. If so, that could help maintain strong momentum for Applied Digital stock. What's next for Applied Digital? Applied Digital stock has been on an incredible hot streak after the company announced that it's entered into a new data-center lease agreement with CoreWeave. Through multiple contracts over the next 15 years, Applied Digital expects to generate more than $7 billion in sales from its service agreements with the artificial intelligence (AI) specialist. On the heels of its explosive valuation gains, the data center specialist is now valued at roughly 12 times this year's expected sales. But its big contract win with CoreWeave suggests that the company is primed to enter an explosive new growth phase. Should you invest $1,000 in Applied Digital right now? Before you buy stock in Applied Digital, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Applied Digital wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor 's total average return is997% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025
