Fox Corp. announces formation of Tubi Media Group

Fox Corporation announced the formation of the Tubi Media Group under the leadership of newly appointed CEO, Paul Cheesbrough. The new division will house Foxs’ standalone digital businesses – including Tubi, Credible and Blockchain Creative Labs – as well as the digital platforms and teams that underpin its digital business in sports, news and entertainment. "The creation of this division reflects the growing momentum of FOX‘s digital businesses and will provide the necessary strategy, leadership and focus to take them to the next level," the company said in a statement. "Our strategic acquisition of Tubi in 2020 established a cornerstone in our digital streaming strategy, which under Paul and Farhad’s leadership has driven record growth and is now the clear market leader in AVOD in the US," said Lachlan Murdoch, Executive Chair and Chief Executive Officer, Fox Corporation. Tubi Media Group will announce the new CEO for Tubi Streaming in the near future while Farhad Massoudi will remain through the transition period until the end of June.