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Fox launches free Netflix rival Tubi in the UK [Yahoo! Finance]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Tubi has grown in popularity in the US with around 80 million monthly active users. “Tubi has spent the last decade honing our approach to vast, free and fun streaming in North America, and we feel that now is the perfect time to bring that recipe to UK audiences,” Anjali Sud, Tubi chief executive said. Tubi will reportedly launch with over 20,000 TV shows and films in the UK, with content from Sony Pictures Entertainment, Disney, Lionsgate and NBC. The streaming platform was acquired by Fox for $440m in 2020. Tubi's launch comes as streaming services, such as Netflix and Amazon Prime, are raising their subscription prices and launching ad-supported services to try and bolster revenue. Netflix has regularly announced price hikes over the past two years. The streamer's latest annual report showed that its ad-supported tier had become Netflix's most popular, with over 40 per cent of new subscribers choosing the plan. Netflix also recently cracked down on password sharing, w
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