Fox Corp. is planning on launching a new subscription-based streaming service by the end of 2025, company executives revealed on their earnings call on Tuesday morning.
CEO Lachlan Murdoch said the service will be priced “relatively low” and offer “existing content and existing brands.” The yet-to-be-named platform will provide a “holistic” offering of Fox programming, he added, including sports, TV shows and news.
Murdoch did not offer an exact launch date for the new service, but said it will be aimed at reaching viewers who do not typically pay for cable and other pay TV services. Fox, Murdoch noted, will be targeting a “large population outside the cable bundle.”