NEW YORK and LOS ANGELES,
May 2, 2019 /PRNewswire/ -- Fox
Corporation (Nasdaq: FOXA, FOX) (the "Company") today announced
that it will build its new FOX Media Center within the Arizona State University (ASU) Research Park in
Tempe, Arizona. The Center, which
will be the streaming and technology hub for the Company, is
expected to be operational in 2021.
Fox Corporation Chief Technology Officer and Head of
Direct-to-Consumer Platforms Paul Cheesbrough commented: "The FOX
Media Center will be a critical cornerstone of our investment in
technology capabilities and new platforms, and we couldn't be more
pleased to be partnering with and receiving the support of Governor
Ducey, the Arizona Commerce Authority, the city of Tempe, and Arizona State
University to deliver this vision."
The FOX Media Center will provide the essential foundations for
the Company's existing and future digital streaming and content
distribution capabilities. The Center will have the necessary
capacity to manage and distribute hundreds of thousands of hours of
programming every year to over 200 FOX-affiliated stations and more
than 800 distribution partners across the country. The FOX Media
Center will incorporate a range of investments and partnerships in
key areas, including cloud computing, software engineering,
artificial intelligence, enhanced video processing and new delivery
standards such as ATSC 3.0 and 5G.
About Fox Corporation
Fox Corporation produces and distributes compelling news, sports
and entertainment content through its iconic domestic brands
including: FOX News, FOX Sports, the FOX Network, and the FOX
Television Stations. These brands hold cultural significance with
consumers and commercial importance for distributors and
advertisers. The breadth and depth of our footprint allows us to
deliver content that engages and informs audiences, develops deeper
consumer relationships and creates more compelling product
offerings. FOX maintains an impressive track record of news,
sports, and entertainment industry success that will shape our
strategy to capitalize on current strengths and invest in new
initiatives. For more information about Fox Corporation, please
visit www.FoxCorporation.com.
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SOURCE Fox Corporation