Netflix will tremble. New platform enters Europe and has a strong advantage
Netflix will soon have some serious competition: the Tubi platform created by media giant Rupert Murdoch.
Tubi – competition for Netflix
A potential competitor to Netflix is entering Europewhich has the potential to change the streaming platform market for good. We are talking about the Tubi platform created by media giant Rupert Murdoch’s company, Fox Corporation.
Tubi is growing very quickly in the US market. According to data provided by Fox, it already has over 80 million monthly active users.
Murdoch – Doomed to Success
What makes Murdoch’s idea successful? The platform is free! He only makes money from advertising, which shows users before and during movies and programs.
Tubi will launch in the UK on July 15th. The platform will offer 20,000 films and series. This includes content known from Disney, as well as films from NBCUniversal and Sony Pictures Entertainment.
We’ve spent the last decade working on a solution that will bring free access to quality movies and TV shows to customers in North America. Now we’re ready to offer the same product to customers in the UK.
– said the head of the platform Anjali Sud.
Fox Corporation acquired Tubi in 2020 for $440 million. It was a way for Murdoch’s corporation to reach younger customers who were not interested in its traditional television.
See: We are talking about the Tubi platform created by the company of media giant Rupert Murdoch
