Why Fox bet $450 million on Tubi and free streaming

Channels with Peter Kafka

Vox Media Podcast Network

Business News, News, Tv & Film, Technology

4.4 • 585 Ratings

🗓️ 2 July 2020

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Tubi CEO Farhad Massoudi just sold his streaming video company to Fox for more than $450 million. Now he sits down with Recode’s Peter Kafka to talk about how he built Tubi; how his free, ad-supported service fits in an era dominated by Netflix’s ad-free service; and what it’s like to sell your startup in the middle of a pandemic. Featuring: Farhad Massoudi (@Tubi), CEO and founder of Tubi Host: Peter Kafka (@pkafka), Senior Editor at Recode More to explore: Subscribe for free to Recode Media, Peter Kafka, one of the media industry's most acclaimed reporters, talks to business titans, journalists, comedians, and more to get their take on today's media landscape. About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:37.7	Welcome to RICO, with Peter Kafka.
1:41.0	That is me, sweating in Brooklyn, because it's that time of year.
1:44.7	Very pleased to have our guest, the CEO of Tubi.
1:46.6	Not Tube TV, Farhad Masudi.
1:47.4	Welcome, Farhad.
1:48.1	Thank you.
1:49.1	Thank you for having me.
1:53.2	I think a lot of people who listen to this show know what Tubi is. I think several of them will know that you sold the company recently for $445 million, plus maybe another $45 million, a lot of money to Fox and that you are in
2:06.5	the business of providing free streaming television. But I want to make sure I'm not missing
2:12.3	something I'm describing your business and then I want to talk about how it's going. There's a big
	...

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