Latest news with #CalienteTV
Business Insider
6 hours ago
- Business
- Business Insider
M&A News: Fox Corp (FOXA) Acquires Caliente TV
Media company Fox Corp (FOXA) has acquired Caliente TV, which is a sports streaming platform and TV channel, in order to strengthen its sports broadcasting footprint in Mexico. This acquisition gives Fox access to valuable broadcasting rights for major competitions like the UEFA Champions League, France's Ligue 1, and select Liga MX matches, which will allow it to meet the rising demand for premium sports content in the region. Confident Investing Starts Here: Following the acquisition, Fox plans to expand its offerings through a multi-platform strategy that includes launching a new pay TV channel and a subscription-based video-on-demand service. These services will complement Tubi, which is Fox's existing free and ad-supported streaming platform. Interestingly, Carlos Martinez, Fox's executive vice president and managing director for Latin America, will lead the rollout of these new plans in Mexico and Central America. It is worth noting that Martinez brings more than 30 years of experience in the Latin American broadcasting industry. While Fox did not disclose the financial details of the Caliente TV deal, the move is in line with its overall streaming strategy. Indeed, just last month, the company announced that Fox One, its new subscription streaming service, would debut before the start of the fall football season. The shift comes as Fox sees growing advertiser interest across its platforms—including Fox News, Fox Sports, and Tubi—which helped it surpass revenue expectations in its latest quarterly earnings. Is FOXA Stock a Good Buy? Turning to Wall Street, analysts have a Moderate Buy consensus rating on FOXA stock based on seven Buys, seven Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average FOXA price target of $57.43 per share implies 5% upside potential.
Miami Herald
13 hours ago
- Business
- Miami Herald
Fox buys Mexican sports broadcast platform Caliente TV
June 19 (UPI) -- Fox Corporation on Thursday said it has acquired Mexico's Caliente TV, a sports broadcasting platform. Fox also said it has appointed Carlos Martinez as executive vice president and managing director to oversee Fox broadcasting strategy in Latin America. "Fox's investment to acquire Caliente TV reflects our commitment to building a leading sports streaming business in Mexico with massive audience reach, a robust sports rights portfolio and an impressive roster of exclusive sports leagues and talent," Martinez said in statement. Fox said this deal will lead to development of " a multi-platform business that will include the launch of a new Pay TV channel and an SVOD Platform that will join the existing AVOD platform Tubi, producing and distributing more than 3,000 hours of original sports content." With the Caliente acquisition, Fox now has a premium broadcast rights portfolio that includes 6 Liga MX men's clubs; 10 Liga MX women's clubs; the CONCACAF Champions Cup; the Premier League and the FA Cup; UEFA Champions League; Ligue 1 France; Coppa Italia; the United Football League; Big Ten Conference; World Enduro Championship (WEC) and the NASCAR Mexico Series. Fox said Martinez has over three decades broadcast industry experience in Latin America, including executive roles at Turner, Discovery and Fox. The company said he will oversee operations and strategy for Fox platforms in Mexico and Central America. Copyright 2025 UPI News Corporation. All Rights Reserved.
UPI
14 hours ago
- Business
- UPI
Fox buys Mexican sports broadcast platform Caliente TV
On Thursday, Fox Corporation said it had acquired Mexico's Caliente TV. File Photo by tookapic/Pixabay June 19 (UPI) -- Fox Corporation on Thursday said it has acquired Mexico's Caliente TV, a sports broadcasting platform. Fox also said it has appointed Carlos Martinez as executive vice president and managing director to oversee Fox broadcasting strategy in Latin America. "Fox's investment to acquire Caliente TV reflects our commitment to building a leading sports streaming business in Mexico with massive audience reach, a robust sports rights portfolio and an impressive roster of exclusive sports leagues and talent," Martinez said in statement. Fox said this deal will lead to development of " a multi-platform business that will include the launch of a new Pay TV channel and an SVOD Platform that will join the existing AVOD platform Tubi, producing and distributing more than 3,000 hours of original sports content." With the Caliente acquisition, Fox now has a premium broadcast rights portfolio that includes 6 Liga MX men's clubs; 10 Liga MX women's clubs; the CONCACAF Champions Cup; the Premier League and the FA Cup; UEFA Champions League; Ligue 1 France; Coppa Italia; the United Football League; Big Ten Conference; World Enduro Championship (WEC) and the NASCAR Mexico Series. Fox said Martinez has over three decades broadcast industry experience in Latin America, including executive roles at Turner, Discovery and Fox. The company said he will oversee operations and strategy for Fox platforms in Mexico and Central America.
Reuters
16 hours ago
- Business
- Reuters
Fox expands sports broadcast rights with Caliente TV acquisition in Mexico
June 19 (Reuters) - Fox Corp (FOXA.O), opens new tab has acquired sports-focused streaming platform and television channel Caliente TV to expand its sports broadcasting presence in Mexico, the company said on Thursday. The move allows Fox to tap into the growing appetite for premium sports content by acquiring broadcast rights to the UEFA Champions League, France's Ligue 1, and select Liga MX matches through Caliente TV. With this acquisition, the company said it would develop a multi-platform business, including the launch of a new pay TV channel and a subscription video‑on‑demand service to complement its free, ad-supported Tubi platform. Fox said Carlos Martinez, its executive vice president and managing director for Latin America, will oversee the rollout of new sports channels and streaming platforms in Mexico and Central America, which are expected to employ more than 350 people. Martinez has over three decades of broadcast industry experience in Latin America, holding executive roles at companies such as Turner, Discovery and Fox, the company said. The company declined to provide financial details when contacted by Reuters. Last month, the Murdoch family-controlled company said its new subscription-based streaming service Fox One will launch before the fall American football season, as it seeks to reach audiences beyond its mainstay cable television business. In the March quarter, more advertisers turned to the owner of Fox News, Fox Sports and Tubi to tap its growing viewership. The company beat third-quarter revenue estimates last month.
CNBC
17 hours ago
- Business
- CNBC
Fox acquires sports broadcasting platform Caliente TV
Fox Corp. said Thursday that it has acquired Caliente TV, a Mexican sports broadcasting platform, as the media company aims to expand its sports programming and attract more customers to its streaming services. The company did not disclose the amount or terms of the deal. In a news release, Fox said Carlos Martinez, who has worked at Turner, Discovery and Fox, has been chosen as executive vice president and managing director of Latin America for the Fox Corp. Martinez said the acquisition reflects the company's "commitment to building a leading sports streaming business in Mexico with massive audience reach, a robust sports rights portfolio and an impressive roster of exclusive sports leagues and talent." Fox is bulking up its sports content as streaming becomes the top way for viewers to watch TV. For the first time, streaming surpassed the combined share of broadcast and cable TV viewing, according to a Nielsen report that tracked viewership in May. The growth of streaming has led to fierce competition between different services and a race to buy or produce programming that draws subscribers and advertising dollars. Fox plans to launch its own direct-to-consumer streaming service, Fox One, later this year. It already owns Tubi, a free ad-supported streaming service. With the acquisition, Fox said it will have a broader portfolio of original sports content. Its broadcast rights already include the Big Ten Conference, The United Football League and the Premier League and the FA Cup.
