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Fox hunts streaming service Tubi

Companies brokering deal that would value Tubi at $500 million

Fox is reportedly in talks to purchase US streaming service Tubi.

Having lost ownership of NOW TV in its sale of Sky, the corporation is seeking to acquire a streamer, according to The Wall Street Journal. 

The companies are brokering a deal that would value San Francisco-based Tubi at $500 million.

The move follows Viacom’s acquisition of Pluto TV for $340 million, as NBCUniversal plans its own entry into the streaming market with ad-supported service Peacock.

Tubi is an ad-supported platform featuring films and TV shows from partners including Lionsgate, MGM and Starz, with around 25 million monthly users.

Neither Fox nor Tubi commented on the report.