Fox Corp. is buying streaming platform Roku in a cash-and-stock deal valued at approximately $22 billion, including debt.
The deal will give Fox access to the Roku channel, first-party data and more than 100 million global streaming households. Fox oversees a massive media network that includes sports, news and entertainment, as well as Tubi.
The companies said Monday that Roku will continue t be run as an open, partner-friendly platform. Fox and Roku said that the combined company will become the third-largest player in U.S. television by share of viewing.
MicroWave@lemmy.world
anal_groove_parabola@lemmy.myserv.one 22 hours ago
Fuck. When does this shit end?
rafoix@lemmy.zip 22 hours ago
Corporate consolidation is the capitalist end point. They can’t run the business any better so they make it bigger and fire more people.
And eventually there’s just one company left, so you have no choice but to buy from them no matter how expensive or slapdash their product.
When the revolution comes. Not necessarily through violent means but necessarily overthrowing capitalism.
defaultusername@lemmy.dbzer0.com 20 hours ago
Either that or when there’s a single corporate conglomerate that owns everything.