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Pay-TV Bundler Philo Reveals $450M In Annual Revenue, Acquisition Of TVOD Outlet Row8 And Hiring Of Tubi Alum Edward King In Top Product Role
Pay-TV operator Philo disclosed annual revenue of $450 million and a total subscriber number of 1.3 million, with profitability expected this year.
Disney plans to launch a stand-alone streaming version of ESPN this fall, while Fox said last week it will develop a general-interest streamer that will include sports programming. “As we look ahead to 2025, we anticipate reaching profitability through a disciplined strategy – driven by continued product investments, efficient marketing, a lean operating team, and the expansion of our standalone FAST service,” CFO Julianna Hayes said. In a statement provided to Deadline via email, McCollum said the Disney-Fubo combination is “a major development in the live TV streaming space and underscores the growing trend of rebundling.” With viewing of FAST channels and events like last Sunday’s Super Bowl moving in front of the pay wall on Tubi, he added, “live TV services remain a valuable and strategic category.”
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