Business · Companies · 10 mins ago

Fox Completes $22 Billion Roku Deal With Conditions to Protect Rivals

Fox Completes $22 Billion Roku Deal With Conditions to Protect Rivals

Fox has completed its $22 billion purchase of Roku, bringing the streaming platform under the media company’s control.

The US Justice Department cleared the deal after Fox agreed to keep Roku open to competing services.

For at least three years, Fox must continue carrying non-Fox films and shows and must not push rivals down in search results or deny them prominent home-screen placement.

It must also make audience data available to third parties and protect rivals’ sensitive information until at least 2029.

Roku’s software powers its own devices and is built into TVs, making it a route for millions of US households to find and watch streaming services.

The Justice Department said the deal was not likely to harm competition in free streaming, and Fox must now follow the agreed safeguards.

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Justice DepartmentFederal competition regulator
not likely to result in harm to competition
via Hollywood Reporter
because Roku relies on a broad offering of content from many providers to attract consumers, the merged firm would suffer monetary and reputational harm if it attempted to use the Roku platform to harm FOX’s content rivals
via Hollywood Reporter