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Fox acquires sports broadcasting platform Caliente TV
FoxFox(US:FOX) CNBCยท2025-06-19 16:02

Core Insights - Fox Corp. has acquired Caliente TV, a Mexican sports broadcasting platform, to enhance its sports programming and attract more customers to its streaming services [1] - The acquisition is part of Fox's strategy to build a leading sports streaming business in Mexico, leveraging a strong sports rights portfolio and exclusive leagues [2] - Streaming has overtaken traditional broadcast and cable TV viewing, intensifying competition among services to acquire compelling programming [2] Company Strategy - Carlos Martinez has been appointed as executive vice president and managing director of Latin America, emphasizing the company's commitment to sports streaming [2] - Fox plans to launch its direct-to-consumer streaming service, Fox One, later this year, in addition to owning Tubi, a free ad-supported streaming service [3] - The acquisition will expand Fox's portfolio of original sports content, which already includes rights to major leagues such as the Big Ten Conference, United Football League, Premier League, and FA Cup [3]