Fox Forms Tubi Media Group with Paul Cheesbrough as Leader, CEO Farhad Massoudi to Depart.
Farhad Massoudi, founder and CEO of Fox-owned AVOD platform Tubi, is leaving the company as Fox Corporation forms the Tubi Media Group. The new division will be led by Fox Corp. CTO and President of Digital Paul Cheesbrough and will have three lines of business: Tubi Streaming, AdRise, and Fox Digital Platforms Group. Tubi will stay the course, doubling down on the current strategy set by Cheesbrough and Massoudi and further increasing the number of originals, while keeping autonomy within the new Fox business unit.