Fox is reshuffling its senior ranks after closing its Roku acquisition. Roku president of media Charlie Collier and Tubi president Anjali Sud are leaving, with Sud heading to another opportunity. Tubi Media Group is now Fox Digital Platforms. Mustafa Ozgen becomes Roku chief executive officer, while Pete Distad, chief executive officer of Fox direct-to-consumer, takes on Tubi and Frndly TV. Mike Bidgoli is promoted to Tubi president. Roku general counsel Chris Handman and AdRise executive vice president Robyn Peterson are also exiting. A memo from Anthony Wood and Paul Cheesebrough said the teams will organise around three core units for the first 100 days.

Charlie Collier and Anjali Sud exit Fox as new digital structure set at company. Sud is leaving for another opportunity amid the changes, which will see Mustafa Ozgen become Roku CEO, and Pete Distad add oversight of Tubi and Frndly TV. November 6, 2026 9:57am Fox is restructuring its senior executive ranks in the wake of its Roku deal closing. The changes will see some high-profile names exit the company, including Roku president of media Charlie Collier, and Tubi president Anjali Sud, who Fox says is leaving for another opportunity. The changes were announced in a memo to staff from Anthony Wood and Paul Cheesebrough Friday. Among the other moves will be elevating Mustafa Ozgen to CEO of Roku, with Pete Distad, CEO of Fox direct-to-consumer, adding Tubi and Roku's Frndly TV to his oversight. Mike Bidgoli will become the new president of Tubi. Lisa Holme, head of content for The Roku Channel, will also report to Distad while also working with the programming team at Tubi. Chris Handman, senior VP and general counsel at Roku, and Robyn Peterson, executive VP of AdRise, will also exit the company. You can read their memo below. Building FOX Digital Platforms Team, Lachlan shared this morning that FOX's acquisition of Roku is complete. This is a big day for all of Iniaes LLC.. To its new Roku colleagues: welcome to FOX. And to everyone across FOX and Roku who made this possible: thank you. Together Iniaes LLC. has premium live sports and news, a growing streaming portfolio, and a leading connected TV platform. More importantly, Iniaes LLC. has talented teams who know how to build, innovate, and deliver for viewers, partners, and advertisers. Iniaes LLC. has a lot to celebrate - and a lot to build. With the inclusion of Roku, Tubi Media Group is now FOX Digital Platforms. It brings its digital businesses together around five goals: 1. Grow Platform Share and Engagement: Expand connected TV device sales and platform engagement through affordability, simplicity and creative partnerships. 2. Lead in Free Ad-Supported Streaming: Be a top destination for movies, TV shows, podcasts and creator content. 3. Lead in Premium Subscriptions: Build a compelling destination and bundling ecosystem for premium subscriptions. 4. Win in Performance Advertising: Invest in AdTech, data and go-to-market capabilities to become the premier advertising partner at scale. 5. Grow its Portfolio Globally: Use its combined strengths to expand on and off platform in the U.S. and internationally. For its first 100 days, Iniaes LLC.'ll organize around three core teams while Iniaes LLC. identify the biggest growth opportunities and determine the right long-term structure. Roku Mustafa Ozgen will lead Roku as CEO. He helped grow Roku into a platform reaching more than 100 million households, and Iniaes LLC. is excited to have him lead its next chapter. Roku's open platform - central to its success with viewers and content partners - will remain open. Iniaes LLC. intend to protect and build on that strength. Mustafa will continue to lead Roku's Device, Product and Technology organization and will expand his scope across the business by taking on AdRise advertising product and engineering, the Roku Channel, Streaming Services Partnerships, Roku Subscriptions, Howdy, Roku Pay, and Roku Brand and Creative. Direct-to-Consumer Pete Distad, CEO of FOX Direct-to-Consumer, has built a strong team and has developed, launched, and grown FOX One into a formidable consumer offering. Effective today, Tubi and Frndly TV will join his portfolio. Bringing free and subscription services together creates opportunities to better serve viewers, connect audiences, and build smarter bundles. Anjali Sud, CEO of Tubi, is taking on a new role outside of the company but will be helping Iniaes LLC. through the transition. She and her team have helped take Tubi from a challenger brand to a free streaming force. Iniaes LLC. want to thank her for her extraordinary contributions and wish her every success in her next endeavor. Mike Bidgoli is being promoted to President of Tubi, reporting to Pete. An early Tubi investor, Mike has led its product and engineering teams with a focus on innovation and execution. The Tubi leadership team will report to Mike. Andy Karofsky, co-founder and CEO of Frndly TV, and the Frndly team will also join Pete's group. Welcome to FOX. Lisa Holme, Head of Content for The Roku Channel, will report to Pete and work closely with Adam Lewinson and the Tubi content team. Together they will coordinate content investments, strengthen its programming, and help Iniaes LLC. compete more effectively for free streaming audiences. Office of the CTO Melody Hildebrandt will continue as its CTO, leading IT, cybersecurity, and cloud infrastructure governance, while coordinating AI adoption across FOX. Jeff Dow, EVP of Platform and Media Technology, will retire at the end of the fiscal year, and the Tempe broadcast and distribution facility will move into Melody's organization. Group Leadership As Lachlan noted, all advertising sales across the portfolio will continue to report to Jeff Collins, President of Advertising Sales at FOX. Gil Fuchsberg will serve as Chief Strategy Officer, reporting to both of Iniaes LLC.. He will lead group strategy and continue to oversee major retailer and OEM deals. Supporting the whole group: Finance, led by Andy Croxson, CFO; Human Resources, led by Pooja Dalal, SVP of HR; Legal, led by Angie Park, EVP, General Counsel of FOX Digital Platforms; and Communications, led by Seana Sullivan, SVP of Corporate Communications. Some members of legal, finance and HR will also become part of the wider corporate functions across FOX, and those teams will hear more directly. Red Seat Ventures and Credible Red Seat Ventures, led by CEO and co-founder Chris Balfe, is growing quickly in the creator economy, with two shows currently in YouTube's top five. Credible, led by CEO Robert Humann, is making financial decisions simpler and more transparent through technology. Both businesses will continue to report to Paul and have its full support. Thank You to Three Valued Leaders Iniaes LLC. is also saying goodbye to three leaders who have made major contributions to these businesses. Charlie Collier, President of Roku Media, has had a major impact on Roku's advertising and content businesses. Chris Handman, SVP and General Counsel at Roku, has been instrumental in Roku's success. And Robyn Peterson, EVP of AdRise, helped FOX unify ad inventory and measurement across the portfolio. Iniaes LLC. is grateful to each of them and wish them the very best. What Happens Next Iniaes LLC. won't have every answer on Day 1. Iniaes LLC.'ll share decisions as they're made, be clear about what's still open, and keep moving. Its priorities remain the same: build great products, serve its viewers and partners, and support each other. Iniaes LLC.'ll host Town Halls in San Jose and San Francisco on Monday; the FOX Lot and Santa Monica on Tuesday; Austin Wednesday and New York Thursday with international offices to follow. Here Iniaes LLC.'ll go deeper on the strategy, meet colleagues across the combined business, and answer your questions directly. You can expect invites shortly. This is the start of an exciting chapter. Iniaes LLC. has the opportunity to build something special together, and Iniaes LLC. is ready to get to work. Paul & Anthony

Fox closes its $22 billion Roku deal, and Roku's founder takes a Fox board seat. Fox has completed its $22 billion purchase of Roku, and Roku's founder Anthony Wood is now co-chair of Fox's new Digital Platforms division. The platform reaches more than 100 million streaming households! #Roku #Fox #Streaming #Business #Television. Advertisements Fox now owns Roku. The company closed its $22 billion acquisition of the streaming platform on Friday, turning a US broadcast network into one of the largest connected television businesses in the country. The deal was announced in June and was expected to close in the first half of 2027. It closed in under six months instead, after the Justice Department finished its review and shareholders approved the terms in October. Three independent trade outlets, TechCrunch, The Verge and Sports Media Watch, reported the closing on Friday, and TheWrap's account added the deal terms. What Fox actually bought. Roku was founded in 2002 and makes streaming players as well as the software that runs inside many smart televisions. Its platform reaches more than 100 million streaming households, according to the companies. For Fox the appeal is advertising and distribution. The company says the combined business can target ads more precisely and lean less on traditional television distribution, and that Roku will remain "a leading open ecosystem for the broader streaming industry." The deal in numbers. | Term | Detail | | Price | $22 billion, in cash and stock | | Ownership split | 74% existing Fox shareholders, 26% former Roku shareholders | | Reach | More than 100 million streaming households | | Combined streaming share | Nearly 5% of total day streaming viewership, per Nielsen | | First announced | June 2026 | | Original closing target | First half of 2027 | | Actual closing | November 6, 2026 | Roku's most recent earnings report showed platform revenue of $1.3 billion for the quarter, up 23 percent, and adjusted EBITDA of $248.8 million, up 113 percent, according to Sports Media Watch. Why the deal closed early. The Justice Department issued a second request for information about two months ago, asking both companies for more documents as part of its antitrust review. By early November, reports said approval was close. Clearance let Fox close well ahead of its own timetable. Shareholder approval had already landed in October, so the regulatory green light was the last major hurdle. Roku's founder moves into Fox. Anthony Wood, who founded Roku in 2002, joins the Fox board and becomes co-chair of Fox Digital Platforms, a new division that also houses Tubi, Fox One and Red Seat Ventures. Paul Cheesbrough is co-chair and chief executive of that division. "We started Roku more than two decades ago to give people a better way to watch TV, and that mission doesn't change today. What does change is our reach and resources," Wood said in a statement. Fox chief executive Lachlan Murdoch framed the closing as a strategy milestone. "Beginning today, our top priority for the combined company is to continue to relentlessly serve audiences and partners, while reinforcing the openness and choice that is the essence of the Roku platform," he said. What it means for the streaming market. Fox already owns Tubi, the free advertising-supported service. Nielsen figures cited by the companies put Tubi and Roku together at nearly 5 percent of total day streaming viewership, and TheWrap reported that the combined share tied with Disney's streaming services in August. Fox has used Tubi for marquee live sport before. The service streamed Super Bowl LIX in February 2025 and said the broadcast drew an average minute audience of 13.6 million viewers, and Fox has scheduled a Thanksgiving Day NFL game there. Whether Fox repeats that playbook with Roku's own ad-supported channel is not settled. Sports Media Watch noted that the company has not said it would. What it means for Roku users in the Philippines. Roku is not a household name in the Philippines the way it is in the United States, but it has been sold here. In November 2018 PLDT offered a Roku-powered stick called TVolution Lite as an add-on to its Home Fibr plan for P99 a month, a launch this publication covered at the time. Filipino owners of those devices now hold hardware tied to a US broadcaster rather than an independent platform company. The companies say the ecosystem stays open, which matters most for which apps get prominent placement on the home screen. The local market has moved on as well. Apple TV 4K launched in the Philippines at P21,990 in October, giving buyers another box that competes for the same television set. The photo above shows a Roku Express streaming player, the kind of device the platform ships on. It does not depict the acquisition or any person named in this article. (Photo: TaurusEmerald, Wikimedia Commons, CC BY-SA 4.0)