Fox Corp names for Apple TV+ exec Pete Distad as head of its new subscription streaming platform

On Thursday, Fox Corporation announced Pete Distad, a former Apple TV+ executive, as the new CEO of its forthcoming subscription streaming platform, set to compete with the likes of Netflix, Prime Video, Disney+, and Apple TV+. The Murdoch family-led company aims to roll out this yet-to-be-named streaming service by the end of 2025, targeting viewers beyond its traditional cable TV audience. Distad brings significant experience, having spent ten years at Apple, where he contributed to its streaming ventures, and previously played a key role in launching Hulu.
Reuters:
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His most recent stint, however, was as the CEO of Venu sports, the sports-streaming venture by Walt Disney, Fox, and Warner Bros Discovery that was called off earlier this year due to mounting legal hurdles.
The media industry is experiencing a seismic shift as millions of viewers shift from traditional cable television, where networks like Fox have a strong presence, to online streaming platforms.
The owner of Fox News has largely sat out the streaming race between legacy media and companies such as Netflix. Instead, it has focused on ad revenue from its Tubi streaming service, which has about 97 million monthly active users and a third of its viewers in the 18-34 age group coveted by advertisers.

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MacDailyNews Note: Fox CEO Lachlan Murdoch said of Fox’s new direct-to-consumer (D2C) package during the company’s second-quarter earnings call earlier this month: “We’ll announce more… in the coming future, but we would see that package as… holistic of all of our content of sports and news.”

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