Fox Corporation (NASDAQ:FOX) Q3 2023 Earnings Call Transcript

So, we feel very well positioned. It’s early with the upfront, these negotiations will take time, but I think we’re in a best position as we could, you know, possibly, hope for. In terms of the, you know, so the cable universe and what we plan to do with news and sport, you know, going forward in terms of any sort of a direct-to-consumer or alternative kind of distribution strategy. You know, as I think we’ve said before, you know, we are ready to go. We have the technology in place. I think we have the, you know, the teams and the people in place to go D2C when we deem that necessary or prudent. But, you know, for the moment we continue to drive industry leading pricing out of the MVPD and DMVPD universes. Steve mentioned this before, our pricing has been, it’s not theoretical.

Our pricing has now been set in contracts, going forward. So for the — we have a third of our distribution deals by third volume this year, this fiscal year, and another third, the next fiscal year. And we’re very pleased with where we sit and where we’ve established a market price for our brands. The, — and when you, just speaking of the brands, when you have, when you have the best sports business brand and the best news business and brand, these are products that ultimately right, will be part of any scaled platform, regardless of what technology is used to deliver that content and that platform. And so we see D2C in the future, and it will come eventually, as just one component of a broader distribution strategy. But it’s certainly across any of those platforms or technologies, it’s hard to see not having our sports and our news on those platforms.

So, we feel pretty well positioned, Jessica,

Gabrielle Brown: At this point we are out of time, but if you have any further questions, please give me or Dan Carey a call. Thank you once again for joining today’s call.

Operator: And ladies and gentlemen, that does conclude your conference call for today. Thank you for your participation and for using ATT Executive teleconference. You may now disconnect.