American media executive, co-CEO of Netflix since 2020
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.
Comcast has announced a tax-free spin-off that will separate NBCUniversal and Sky into a standalone, publicly traded media company while leaving Comcast focused on broadband, wireless and business services. The company has said the separation will complete in about a year, executives told investors, and Comcast will initially keep up to 19.9% of the new media group.
Ofcom has found 26% of UK viewers now turn to Netflix first when choosing what to watch, narrowly ahead of the BBC on 25%, while ITV is first for 15%. YouTube viewing has surged: TV viewing of YouTube has doubled since 2022 to 19 minutes a day and total daily YouTube time is 41 minutes. Traditional broadcasters’ weekly reach has fallen to 70%.