FOX has announced that former Venu CEO Pete Distad will now lead its recently unveiled direct-to-consumer (DTC) streaming platform. In an announcement shared Thursday morning, FOX confirmed that Distad will transition to the company after serving as an executive with Apple for a decade and spending six years at Hulu before his time at Venu.
Moving forward, Distad will serve as CEO of the still-unnamed DTC streaming platform, which will include channels from FOX News, FOX Sports, and the FOX broadcast network. This move highlights FOX’s continued investment in expanding its digital presence and providing more streaming options for viewers.
As he takes on this new role, Distad will report directly to Paul Cheesbrough, chief executive officer of Tubi Media Group. Cheesbrough expressed enthusiasm about the appointment, emphasizing Distad’s leadership and industry expertise.
“Pete is a proven leader with deep experience in consumer products, and we’re thrilled to have him join the team to lead this new platform,” said Cheesbrough. “His track record of innovation, execution, and building world-class streaming products speaks for itself, and we’re confident that under his leadership, we will deliver a best-in-class service that showcases FOX’s premium content and brands.”
Previously, Distad’s role with Venu Sports ended due to legal pressure from Fubo, DirecTV, and Echostar, which ultimately prevented the sports-focused streaming service from officially launching. However, his extensive background in the streaming industry positions him well to lead FOX’s new venture.
“I’m excited to bring FOX’s leading sports, news, and entertainment content to audiences outside the traditional pay-TV bundle for the first time via an all-new streaming platform,” Distad said. “Working closely with our content, distribution, and platform partners, we’re going to build and grow a differentiated viewing experience for consumers to access their favorite FOX programming.”
Most recently Fox execs announced on its recent earnings call, the company expects DTC subscription streaming product by the end of 2025. Yet no details about price, official launch date or content lineup have been announced. Moreover full details about the FOX DTC streaming platform will be announced at a later date, according to the company.
FOX Corporation produces and distributes compelling news, sports, and entertainment content through its primary iconic domestic brands, including FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and Tubi Media Group.
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