FOX (FOXA) News Media Announces Distribution Agreement with DIRECTV

Fox Company FOXA has announced that FOX News Media will expand the distribution of its streaming services across AT&T DIRECTTV platforms owned by T.

FOX Nation, FOX News Media’s subscription streaming service, is now available on DIRECTV as a premium add-on, starting March 20.

FOX Nation features approximately 5,000 hours of original content. FOX Nation’s extensive lineup of programming includes original series and curated programming with original and acquired content.

In addition, subscribers will have access to popular primetime shows from FOX News Channel (FNC) on-demand the next day with FOX Nation’s FOX News Primetime All the Time as well as opinion shows such as The Dan Bongo Show.

Notably, the ad-supported free streaming television weather service (FAST), FOX Weather, is also set to debut on DIRECTV STREAM, starting March 29.

Fox is taking advantage of the growing popularity of its cable and digital content with viewers. This translated into increased revenue and share price appreciation.

FOX News Media currently operates FOX Business Network (FBN), FOX News Channel (FNC), FOX News Audio, FOX News Books, FOX News Digital, direct-to-consumer digital broadcasting services FOX Nation and FOX News International and the AVOD platform FOX Weather.

Fox Corporation Pricing and Consensus

Fox Corporation Price Consensus Chart | Quote from Fox Corporation

Develop partnerships to increase turnover

Fox benefited from growth in the Cable Network Programming and Television segments. Continued digital monetization at FOX News Media and the favorable impact of additional live events and studio shows at FOX Sports will drive ad revenue.

Fox’s growth strategy revolves around live programming from its three brands – FOX News, Sports and the FOX Network. The company derives much of its advertising revenue from live programming, which is sheltered from growing competition from subscription video-on-demand services. Additionally, increased affiliate fee revenue should drive long-term revenue.

In the last quarter, advertising revenue increased 2.9% year-over-year, driven by continued pricing strength at FOX News Media, as well as higher pricing and playoff games additional MLB content on national sports networks. While affiliate fee revenue was up 12% year-over-year, driven by contractual price increases, including the impact of distribution agreement renewals. To maintain the revenue growth momentum, Fox has relied on a number of partnerships.

In January 2022, Fox announced that FOX News International, the international streaming service of FOX News Media, had expanded its distribution on Roku.

Starting January 31, FOX News International’s direct-to-consumer platform will experience increased reach in Chile, Costa Rica, Germany, Ireland, Mexico, Panama and the United Kingdom.

Currently, FOX News International, in addition to Roku, is available through mobile and OTT devices, including Android, iPhone, Apple TV and Android TV and Amazonby AMZN Fire TV.

Recently, Fox – carrying a Zacks Rank #3 (Hold) – announced that it had expanded its relationship with Amazon to bring its core news, weather and sports content to the Amazon News app available on Fire TV.

Per the Fox-Amazon deal, three FOX FAST (ad-supported free TV) channels — FOX Soul, FOX Weather, and FOX’s LiveNOW — will be available on the Amazon News app on Fire TV.

Fox’s new FOX Audio Network, which combines all of FOX’s major news, sports and entertainment podcasts into a wide-ranging, wide-ranging portfolio of original audio content, has entered into an extensive advertising and distribution agreement with Spotifyof the SPOT megaphone.

Under the agreement, Spotify’s Megaphone will serve as the exclusive hosting platform for FOX Audio Network’s growing slate of audio content.

Fox shares have returned 10.7% year-to-date versus the Zacks Radio and Television Broadcasting the fall of the industry by 24.2% and the Consumer discretionary sectordown 13.5%.

You can see the full list of today’s Zacks #1 Rank stocks here.

More stock news: It’s bigger than the iPhone!

It could become the mother of all technological revolutions. Apple has only sold a billion iPhones in 10 years, but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.

Zacks has just released a special report that sheds light on this rapidly emerging phenomenon and 4 tickers to take advantage of it. If you don’t buy now, you risk kicking yourself into 2022.

Click here for the 4 professions >>

Click to get this free report, Inc. (AMZN): Free Stock Analysis Report

AT&T Inc. (T): Free Inventory Analysis Report

Fox Corporation (FOXA): Free Stock Analysis Report

Spotify Technology (SPOT): Free Stock Analysis Report

To read this article on, click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.