Rupert Murdoch spent decades chasing a digital TV Guide. His son Lachlan just bought one, but TV is different now. Here's what it means for streaming.
Fox acquires Roku for $22B, becoming a platform owner controlling the streaming interface for 100M households, not just a content company. Revenue diversifies across ads, Fox services (Tubi, Fox One), and competitor subscriptions, but Netflix/YouTube's leverage limits upside—a structural tension that undermined past media-distribution deals.
Rupert dreamed it, Lachlan bought it: the strategy behind Fox's $22 billion Roku acquisition
By Peter Kafka
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Chief Correspondent covering media and technology
Fox Corporation agrees to acquire Roku for $22 billion in cash and stock, marking Lachlan Murdoch's first major deal and a…
Will Fox's Roku Buy Help Lachlan Murdoch Leapfrog Rivals in Streaming Wars?
Fox Corp CEO Lachlan Murdoch said that combining the businesses will bring together Fox’s live news and sports content with a…
Fox Corp CEO Lachlan Murdoch said the deal will bring together Fox’s live news and sports content with a streaming platform that…
The deal for Roku marks the first major move by Lachlan Murdoch since last year’s resolution of the family succession drama.…
Fox CEO Lachlan Murdoch said on Monday that the Roku acquisition marks a "defining moment" for the company.
