Former Disney Exec sees media shift to streaming

A former Walt Disney executive, Kevin Mayer, believes the media industry is undergoing a significant consolidation around a new streaming-centric model. He points to Fox's substantial acquisition of Roku as a key indicator of this strategic pivot. Fox aims to bolster its streaming presence by integrating Roku's platform with its existing ad-supported service, Tubi. This move signifies a broader trend where traditional media companies are prioritizing direct-to-consumer streaming services to capture audiences and revenue in the evolving media landscape.