Fox to Introduce New Streaming Service- ‘Fox One’

Fox announced its new subscription-based streaming service, which will be known as  “Fox One” and is planned to launch before the fall American Football Season, because the channel wanted to expand beyond the cable television business and reach a broader audience.

The first announcement was made in February, but the implementation occurred in May. Details about the service will be disclosed on Monday, Fox also said that the pricing will be set according to its wholesale rates, with no discounts, and Fox will be collaborating with other distributors and services to offer Fox One to their audience, and prices will be affordable and healthy, said the CEO, Murdoch

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Recently, shares of the company also increased upto 5%, expected to exceed quarterly revenue as Fox generates most of its revenue from advertising. In the March quarter, many advertisers turned to the owner because of the popularity of the Super Bowl Championship broadcast by Fox, there was the largest audience in the history of TV for a single-network telecast so launching this new service before the  National football league proven to be a good decision and it will be profitable for the company.

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