Fox (FOX) is targeting to launch a direct-to-consumer streaming service by the end of 2025, Chief Executive Lachlan Murdoch said Tuesday on the company's fiscal Q2 earnings call, according to a FactSet transcript.
Murdoch did not provide many details regarding the upcoming streaming service but said the company has no plans of turning a traditional distribution customer into a direct-to-consumer one. "And so our subscriber expectations will be modest and we're going to price the service accordingly," the executive said.
Shares were over 4% higher in recent trading.
Price: 51.15, Change: +1.96, Percent Change: +3.98
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.