NBCUniversal acquires Vudu, with Fox entering purchase deal with Tubi
Category: #business  By Saipriya Iyer  Date: 2020-04-22
  • share
  • Twitter
  • Facebook
  • LinkedIn
NBCUniversal acquires Vudu, with Fox entering purchase deal with Tubi

The Fandango division of NBCUniversal has recently completed the acquisition of Vudu from Walmart. Additionally, Fox Corp. also has completed the purchase of Tubi for the sum of $440 million.

The Vudu acquisition deal comes along the heels of NBCUniversal’s limited launch of its Peacock streaming service. The terms of the agreement were undisclosed by the company. On the other hand, the purchase deal of Tubi by Fox occurred nearly a year after the purchase of various film & television assets of the company by Disney. Both Tubi and Vudu are known primarily for their large collection of television shows and older films.

According to Brad Gastwirth, chief technology strategist of Wedbush Securities, various media and entertainment companies are focusing on increasing the amount of content available to keep the customers engaged. In case of NBCUniversal, there is a possibility of combining Vudu and FandangoNow in the future.

NBCUniversal is currently gearing up for the national launch of Peacock on 15th July and operating the FandangoNow service, which it claims will continue for several months. The company and Comcast, its parent company, have made significant investments in the entertainment industry. On the other hand, Fox has been somewhat of a Hollywood outsider since 21st Century Fox was acquired by Disney in 2019. The Fox Nation streaming service, which was launched in 2018, is more like an extension of the political programming of Fox News, instead of a traditional film & television streamer.

Gastwirth added that the Fox-Tubi deal, as compared to the acquisition of Vudu by NBCUniversal, will likely assist the conglomerate in appealing to new demographics who might not engage with the content offered by Fox. He further stated that all these traditional media powerhouses must reinvigorate to appeal to wider demographics as well as have and offer various products in their arsenal.

Source credit:

https://www.indiewire.com/2020/04/nbcuniversal-vudu-fox-tubi-1202226251/

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Saipriya Iyer

Saipriya Iyer    

Saipriya Iyer currently works as a content developer for GroundAlerts. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had previous experience of 3 years under her belt, she has dabbled with website ...

Read More >>

More News By Saipriya Iyer

Cladribine Market Growth Manufacturers, Regions, Product Types, Major Application Analysis & Forecast To 2026
Cladribine Market Growth Manufacturers, Regions, Product Types, Major Application Analysis & Forecast To 2026
By Saipriya Iyer

Global Cladribine Market Research Report: Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2026 Executive summ...

Cardiovascular Disease Drugs Market size and Key Trends in terms of volume and value 2021-2026
Cardiovascular Disease Drugs Market size and Key Trends in terms of volume and value 2021-2026
By Saipriya Iyer

Global Cardiovascular Disease Drugs ?Market report 2026 focuses on the major Types and Applications for the key players. Global Cardiovascular Disease Drugs market research report also provides analysis of the market share, segmentation, revenue fore...

iKure Techsoft looking to raise USD 5 million in Series A funding round
iKure Techsoft looking to raise USD 5 million in Series A funding round
By Saipriya Iyer

Ratan Tata funded iKure Techsoft, a technology-driven healthcare services startup, is reportedly planning to raise capital for expanding its presence in home grounds and beyond borders while strengthening its technology solutions. Sources with knowl...