Tubi Founder and CEO Farhad Massoudi Exits as Fox Forms Tubi Media Group
thewrap.comincluding Tubi, Credible and Blockchain Creative Labs – as well as thedigital platforms and teams that underpin FOX’s wider digital businessin Sports, News and Entertainment. “We have incredible momentum across our digital portfolio at FOX and it’s a privilege to lead and oversee this next stage of growth,” said Cheesbrough. “With a strong foundation to build off, from Tubi’s unrivaled growth in the AVOD space to our record setting 4K streaming operation for Super Bowl LVII, I’m looking forward to working with our talented team to drive this growth for FOX.
I’d also like to take this opportunity to thank Farhad for his partnership over the past few years. He’s a true pioneer in the streaming space and saw the opportunity in AVOD long before others.
The fact that we’re building this new business around Tubi’s brand and the momentum that the company has achieved is testament to everything that Farhad founded, built and delivered over the years.”Cheesbrough, who previously served as CTO and President of Digital for Fox Corporation, will serve as CEO of the new business unit.
As CTO and President of Digital, Cheesbrough oversaw the acquisition and management of Tubi, and he will continue to work out of Los Angeles, reporting to Lachlan Murdoch, Executive Chair and Chief Executive Officer of Fox Corporation.“Our strategic acquisition of Tubi in 2020 established a cornerstonein our digital streaming strategy, which under Paul and Farhad’sleadership has driven record growth and is now the clear market leaderin AVOD in the US,” Murdoch said.“Building off this momentum, and complementing the strong growth beingdriven in our company wide digital revenues, now is the right time tobring these efforts together into a new business.
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