Fox’s new OTT streaming service will launch in November

Fox’s new OTT streaming service will launch in November

21st Century Fox Inc’s FOXA, +1.16% Fox News will debut its new on-demand subscription-based service Fox Nation on November 27, John Finley, the company’s senior vice president of development and production, announced Thursday. Sean Hannity, Tucker Carlson, Laura Ingraham and Brit Hume will contribute programming to the new platform, which will be priced at $5.99 a month or $64.00 a year. “In an on demand era of viewers watching content wherever and whenever they want, Fox Nation will complement and enhance our powerhouse Fox News programming for the loyal superfans who want to remain connected to our signature platforms,” said Finley in a statement. Big changes are coming to the Fox ecosystem: the company, which owns 39% of European pay-TV company Sky PLC SKY, +0.03% recently lost a bidding war with Comcast Corp. CMCSA, +3.60% for a stake that would have given it full control of Sky. Fox agreed has since agreed to sell its stake to Comcast. Fox is also selling a large chunk of its entertainment assets, including its film and TV studios and its stake in Hulu, to The Walt Disney Company DIS, +1.69% in a $71.3 billion deal that was approved by shareholders in June. Assets that won’t be sold to Disney include the Fox Broadcasting network and local stations, Fox News and Fox Business. These will be spun off into a different company, tentatively called Fox, or “New Fox,” as some media outlets have nicknamed it. Shares of Fox have surged 30.8% in the year to date, while the S&P 500 SPX, +1.79% has gained 1.6%.

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