Paul Cheesbrough: Last News

Fox Corporation is restructuring its digital operations by forming the Tubi Media Group as Farhad Massoudi, founder and CEO of the Fox-owned free, AVOD platform Tubi, is leaving the company.

Tubi has appointed former Vimeo chief Anjali Sud as CEO.

Todd Spangler NY Digital Editor Anjali Sud is taking over as CEO of Tubi, Fox Corp.’s free, ad-supported streaming TV service, after she stepped down as chief exec of video-hosting platform Vimeo. Sud will officially start as Tubi’s CEO on Sept. 1, 2023, succeeding founder Farhad Massoudi. Sud reports to Paul Cheesbrough, CEO of Tubi Media Group, which Fox formed this spring to house its digital businesses including Tubi (acquired in 2020) and Blockchain Creative Labs. Sud spent nine years at New York-based Vimeo, originally serving as VP of global marketing before assuming oversight of the creator business unit and getting promoted to CEO in 2017. Under Sud, Vimeo has undertaken employee layoffs and made other cost-cutting moves to improve its financial profile.

Joe Otterson TV Reporter Tubi founder and CEO Farhad Massoudi is stepping down as Fox Corporation is forming the Tubi Media Group led by Paul Cheesbrough. Massoudi will remain with Tubi through a transition period until the end of June. A new CEO of Tubi Streaming will be announced at a later date. “Our strategic acquisition of Tubi in 2020 established a cornerstone in our digital streaming strategy, which under Paul and Farhad’s leadership has driven record growth and is now the clear market leader in AVOD in the US,” said Lachlan Murdoch, executive chair and CEO of Fox Corp. ““Building off this momentum, and complementing the strong growth being driven in our company wide digital revenues, now is the right time to bring these efforts together into a new business unit which will be tasked with spearheading our digital expansion and partnering with our brands to drive continued growth.”

Fox Corp. has come in as the lead investor in a $100 million Series A fundraising round for blockchain platform provider Eluvio.

Fox Corp. is looking to turbocharge its digital business.