FOXA - Lions Gate films headed for Fox's Tubi in multi-year deal
Fox's (FOX) (NASDAQ:FOXA) free ad-supported TV service Tubi has a multi-year deal with Lions Gate Entertainment (NYSE:LGF.A) (LGF.B) to bring dozens of films to its streaming offering. The agreement will give 30 new feature films and 200 library titles from Lions Gate a presence on Tubi. It cover films that aren't part of Lions Gate's "pay-one" distribution deal with its Starz channels. The deal is under way, with action thriller Shattered now available on Tubi. The pact “reflects our ability to have multiple bespoke content licensing deals with an expanding array of buyers in every part of the content ecosystem," says Lions Gate's Ryan Lowerre. The past year has brought a boom in free ad-supported TV (FAST), a market tabbed to pass $4 billion by 2024.
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Lions Gate films headed for Fox's Tubi in multi-year deal