Fox confirms DTC service launch by 2025

Fox has confirmed plans to launch a direct-to-consumer (DTC) streaming service by the end of 2025, marking its entry into the DTC market after being the only major US studio without such an offering. CEO Lachlan Murdoch emphasized that the service will target cord-cutters and those who have never subscribed to cable, while avoiding competition with traditional cable subscribers. The decision follows the dissolution of the Venu Sports joint venture, which aimed to create a consolidated sports streaming platform. Fox's new service will include live feeds and content from existing channels like Fox News and FS1, rather than original programming. Despite the shift, Murdoch stated that the company does not intend to undermine its cable revenue, and subscriber expectations for the new service are described as modest. Fox's recent quarterly earnings showcased significant revenue growth, bolstered by political advertising and its existing Tubi platform.