FOX Names CEO for New Streaming Service

Fox Corp has tapped ex-Apple TV+ exec Pete Distad as CEO of its new subscription streaming service, set to rival Netflix and Disney+ by late 2025, the Murdoch-led company announced Thursday. 

Pete Distad

Distad, who spent a decade at Apple’s streaming arm and helped launch Hulu, recently headed the now-scrapped Venu sports streaming project with Disney, Fox, and Warner Bros Discovery, derailed by legal snags. 

With viewers ditching cable—where Fox thrives—for streaming, the company’s been a latecomer to the subscription game, leaning instead on ad-supported Tubi, which boasts 97 million monthly users, a third aged 18-34. 

Distad will oversee the unnamed platform, reporting to Tubi Media Group CEO Paul Cheesbrough, and bundle Fox’s sports, news, and brands, per CEO Lachlan Murdoch’s Q2 earnings remarks.