Candle's Mayer Says Ad-Backed Streaming Became Major Force as Fox Buys Roku for $22 Billion
Updated
Updated · Bloomberg · Jun 18
Candle's Mayer Says Ad-Backed Streaming Became Major Force as Fox Buys Roku for $22 Billion
1 articles · Updated · Bloomberg · Jun 18
Summary
Kevin Mayer said ad-supported streaming has quietly become a major force in entertainment, arguing the model "snuck up" on an industry long centered on paid subscriptions.
Fox Corp.'s $22 billion acquisition of Roku, he said, shows free-to-watch, advertising-backed platforms are now important enough to reshape strategic dealmaking.
Mayer said the industry had long assumed streaming meant paying a subscription fee, but advertising-supported services are now challenging that view and broadening how companies reach audiences.