Fox has acquired the ad-supported streaming service Tubi in a $440 million cash deal.
Tubi will remain as a separate company, with founder and CEO Farhad Massoudi staying on. The deal is expected to close by the end of June.
Tubi offers a wide selection of free shows and movies; the service, if you head to its homepage currently, highlights “The Last Samurai,” “Daddy Day Care,” and Gordon Ramsay’s “Hell’s Kitchen” among its most popular selections. The San Francisco-based Tubi will serve as a landing spot for Fox’s content, as well as provide a large audience for it to advertise new shows.