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FOX
New York Post
169 days

Fox expects new streaming service to draw millions of subscribers

1. Fox Corp's new streaming platform targets mid-single digit millions of subscribers. 2. Launch planned for NFL season kickoff, enhancing Fox's competitive streaming portfolio. 3. Fox News reports 50% rise in ratings post-election, attracting over 100 new advertising clients. 4. Fox Nation currently has 2-2.5 million subscribers, bolstering overall streaming strategy. 5. CEO emphasizes traditional cable's continuing value amidst rising streaming competition.

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FAQ

Why Bullish?

The expected subscriber base and strategic maneuvering into streaming align with market trends. Historical examples, such as Disney+ and HBO Max, demonstrate successful transitions bolstering stock prices.

How important is it?

The article discusses upcoming initiatives directly affecting FOX's revenue trajectory and market perception. Innovations in streaming, combined with robust advertising performance, signal positive momentum for FOX stock.

Why Long Term?

Subscriber growth and revenue diversification strategies typically yield better returns over time. As seen with Netflix and Disney, sustained investments in streaming platforms can significantly increase shareholder value.

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