Sports and Competition
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Sports and Competition
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Fox CFO Says Comcast Spinoff 'Doesn't Change Much' From Competitive Standpoint

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Steven Tomsic also addresses whether Fox would pursue direct-to-consumer bundles if Venu Sports fails to launch and the growth opportunity for Tubi The post Fox CFO Says Comcast Spinoff 'Doesn't Change Much' From Competitive Standpoint appeared first on TheWrap.
The article from Yahoo Finance discusses comments made by Fox Corporation's CFO, Steven Tomsic, regarding the potential spinoff of Hulu by Comcast. Tomsic indicated that Fox, which holds a 33% stake in Hulu, is open to various outcomes for Hulu's future, including a possible sale or continued partnership, as Comcast considers spinning off its 33% stake. He emphasized that Fox is prepared for any scenario, focusing on maximizing shareholder value. This comes at a time when Hulu's valuation and strategic direction are under scrutiny, especially with Disney's involvement, which also has a significant stake in Hulu. The discussion around Hulu's future is part of broader industry trends where media companies are reevaluating their streaming strategies amidst changing market dynamics.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/fox-cfo-says-comcast-spinoff-220106835.html ]