Fox CEO Murdoch Sees Growth From Virtual MVPDs, Wells Fargo Analyst Says
James Murdoch, 21st Century Fox CEO, sees the growth of virtual multichannel video programming distributors as possibly helping grow video consumption the way direct broadcast satellite, AT&T's U-verse and Verizon's Fios did, Wells Fargo analyst Marci Ryvicker wrote investors Monday.…
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Murdoch also considers the direct-to-consumer over-the-top business particularly difficult, saying Fox intends to look instead at third-party MVPDs and advanced advertisements, with a lot of its growth focused on video consumption, Fox News and Fox Sports 1 and 2, Ryvicker said.