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Fox Corporation Acquires Caliente TV in Mexico

1. FOX acquires Caliente TV, enhancing Mexico's sports broadcasting. 2. Carlos Martinez appointed to lead FOX's Latin America strategy. 3. Acquisition includes rights to major international sports leagues. 4. New platforms will produce over 3,000 hours of original sports content. 5. Expansion expected to create 350 jobs in Mexico and Central America.

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Why Bullish?

The acquisition expands FOX’s market presence in sports streaming. Historical acquisitions like Disney's ESPN shows market growth potential.

How important is it?

The strategic acquisition aligns with industry trends, increasing FOX's competitive edge. The strong portfolio of sports rights can significantly drive future revenue growth.

Why Long Term?

Long-term benefits are expected from increased subscriber growth and content diversification. Recent trends in sports viewership suggest stability in demand.

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FOX Expands its Sports Broadcasting Footprint in Mexico with the Acquisition of a Market Leading Streaming Channel and Sports Rights Catalog , /PRNewswire/ -- Fox Corporation ("FOX" or the "Company") (Nasdaq: FOXA, FOX) today announced its acquisition of Caliente TV, a leading sports broadcasting platform in Mexico. Carlos Martinez, a longtime industry executive, has been appointed to the role of Executive Vice President and Managing Director, Latin America, Fox Corporation, responsible for overseeing the overall FOX broadcast strategy in Latin America and the transition of Caliente TV in Mexico and the channel's launch in Central America. "FOX's investment to acquire Caliente TV reflects our commitment to building a leading sports streaming business in Mexico with massive audience reach, a robust sports rights portfolio and an impressive roster of exclusive sports leagues and talent," said Martinez. With this acquisition FOX will develop a multi-platform business that will include the launch of a new Pay TV channel and an SVOD Platform that will join the existing AVOD platform Tubi, producing and distributing more than 3,000 hours of original Sports content. Additionally, FOX will now hold a broad portfolio of premium broadcast rights to deploy across its owned and operated platforms including: Six Liga MX Men's Clubs – including Club Leon, Club Pachuca, Club Tijuana, Club Queretaro, Club Tigres UANL and Club Juarez Ten Liga MX Women's Clubs – including Club Guadalajara, Club Leon, Club Pachuca, Club Tijuana, Club Juarez, Club Queretaro, Club Atlas, Club Santos, Club Puebla and Club Mazatlán CONCACAF Champions Cup (Copa de Campeones de la CONCACAF) – featuring the top football clubs from North and Central America including Liga MX and MLS Premier League and the FA Cup – featuring England's top football clubs UEFA Champions League – featuring Europe's top football clubs Ligue 1 France – including this year's UEFA Club Champion, Paris Saint-Germain Coppa Italia – featuring the top Men and Women's clubs from Italian Serie A football in an annual knock-out competition The United Football League (UFL) – the exciting American football competition played each Spring Big Ten Conference – the premier college athletics conference in the U.S. featuring American football, basketball and a variety of other athletic events from top U.S. universities World Enduro Championship (WEC), NASCAR Mexico Series and Other Motorsports International Rights With over three decades of broadcast industry experience in Latin America holding executive roles at companies like Turner, Discovery and FOX, Carlos Martinez will oversee the operations and strategy of the new FOX platforms in Mexico and Central America, which are expected to employ over 350 people both directly and indirectly.  About Fox Corporation Fox Corporation produces and distributes compelling news, sports, and entertainment content through its primary iconic domestic brands, including FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations and Tubi Media Group. These brands hold cultural significance with consumers and commercial importance for distributors and advertisers. The breadth and depth of our footprint allows us to deliver content that engages and informs audiences, develop deeper consumer relationships, and create more compelling product offerings. FOX maintains an impressive track record of news, sports, and entertainment industry success that shapes our strategy to capitalize on existing strengths and invest in new initiatives. For more information about Fox Corporation, please visit www.FoxCorporation.com. Cautionary Statement Concerning Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates," "outlook" and similar expressions are used to identify these forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements in this press release due to changes in economic, business, competitive, technological, strategic and/or regulatory factors and other factors affecting the operation of the Company's businesses. More detailed information about these factors is contained in the documents the Company has filed with or furnished to the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Statements in this press release speak only as of the date they were made, and the Company undertakes no duty to update or release any revisions to any forward-looking statement made in this press release or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events or to conform such statements to actual results or changes in the Company's expectations, except as required by law. SOURCE Fox Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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