Source: New York Post
Fox said its new subscription-based streaming service will be called “Fox One” and is set to launch before the fall American football season, as the media company seeks to reach audiences beyond its mainstay cable television business. Unveiling further details on Monday about the service first announced in February, Fox said pricing for Fox One would align with its wholesale rates and would not be offered at a discount. Shares of the company rose nearly 5% as it also reported quarterly profit and revenue exceeding Wall Street expectations, thanks to a surge in advertising revenue driven by its broadcast of “Super Bowl LIX” in February.
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