Fox Entertainment drives TV for Fox Broadcasting and Tubi, formed in 2019 after Disney bought 21st Century Fox. Now pushing AI-driven microdrama and expanding with funding, while pursuing deals like Roku Can TV.
Shortical, an Israeli microdrama app, has raised $100 million from PvX Partners, underscoring the rapid growth of AI-assisted, mobile-first storytelling. The funding supports Shortical’s plan to produce more AI-led content and live-action series, as the sector eyes an expanding US market and potential cost efficiencies.
Fox Corp. has agreed to acquire Roku for about $22 billion in a cash-and-stock deal valuing Roku at $160 per share. The boards of both companies have approved the transaction; the combined company will pair Fox's live news and sports and Tubi with Roku's OS, devices and The Roku Channel, and is expected to close in the first half of 2027.