Fox Corp at Moffettnathanson Media & Communications Summit (Virtual) Transcript - Thomson StreetEvents

Fox Corp at Moffettnathanson Media & Communications Summit (Virtual) Transcript

Fox Corp at Moffettnathanson Media & Communications Summit (Virtual) Transcript - Thomson StreetEvents
Fox Corp at Moffettnathanson Media & Communications Summit (Virtual) Transcript
Published May 18, 2022
15 pages (9720 words) — Published May 18, 2022
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About This Report

  
Abstract:

Edited Transcript of FOXA.OQ presentation 18-May-22 12:00pm GMT

  
Brief Excerpt:

...We're excited to start off our Ninth Annual Conference with Lachlan Murdoch. Lachlan has been here for 4 years in a row, 2 years virtually, 2 years live. Thanks for being here. Lachlan Keith Murdoch ...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Fox Corp
Ticker
FOXA.OQ
Time
12:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : So because you've chosen not to invest in SVOD after the Disney deal that you mentioned, can you review for us what your priorities are for the company, how you're going to grow EBITDA and cash flow, 2 important metrics that we like to focus on?

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : Yes, exactly.

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : I mean you just mentioned it, so maybe just to expand upon it. Like how does your strategy differ in terms of keeping that premium content and

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : Okay. So I think we all can agree, sports has been the glue to the pay TV bundle and we continue to believe that. And now that Amazon is making sports a bigger priority, as you very well know, with Thursday Football and Apple reportedly close to Sunday Ticket deal, how should we think about FOX's ability to compete with new digital bidders on sports rights negotiations going forward from here?

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : We're very sad about that actually.

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : So you just mentioned your big announcement that you made in the last quarter. So with the Tom Brady announcement, anything you do want to clarify because there's been a lot reported in terms of the deal? And just more broadly, what this means for FOX and your commitment to the NFL.

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : So on the last quarter earnings call, you sounded pretty pleased with the early performance of USFL. So just wondering if you could talk bigger picture. How does a deal like this strategically help the general sports rights inflation given your interest in relief?

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : All right. So let's switch over to the biggest driver of your affiliate fees, FOX News. So how do you think FOX News is currently positioned relative to traditional competition and some of the newer networks that caused some of the worries the last election.

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : So can you share any update on FOX Nation as part of that strategy in terms of either subscribers or just engagement? And how important is FOX Nation for the future of the FOX News Media segment?

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : Okay. So given that it's upfront week, we'll ask our obligated advertising question here, but -- how is FOX approaching ad sales in this probably more challenging environment or not for you because of the sports and news focus? And then maybe also just touch on how Tubi plays into your broader advertising strategy.

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : Okay. Just following up on the Tubi piece. There's clearly some new entrants coming into the broader streaming market with Disney+ and Netflix. So how do you see that impacting Tubi's position to continue to take share of that streaming advertising play?

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : So it's taken us this long to get to sports gambling. So given the importance of sports in your traditional media portfolio, can you update us on how FOX is positioned in online sports betting? And I mean, clearly, you guys were very early to this with the Stars Group deal all the way back in 2019. So why has this been a focus of yours for so long?

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : We'll translate.

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : So the last one to follow up on that. Is there maybe one big surprise or something that you think investors aren't giving you credit for today that we should be focused on?

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : Thank you.

Table Of Contents

Fox Corp Q1 2023 Earnings Call Summary – 2022-11-01 – US$ 54.00 – Edited Brief of FOXA.OQ earnings conference call or presentation 1-Nov-22 12:30pm GMT

Fox Corp at Bank of America Media, Communications and Entertainment Conference Transcript – 2022-09-08 – US$ 54.00 – Edited Transcript of FOXA.OQ presentation 8-Sep-22 4:40pm GMT

Fox Corp Q4 2022 Earnings Call Summary – 2022-08-10 – US$ 54.00 – Edited Brief of FOXA.OQ earnings conference call or presentation 10-Aug-22 12:30pm GMT

Fox Corp Q4 2022 Earnings Call Transcript – 2022-08-10 – US$ 54.00 – Edited Transcript of FOXA.OQ earnings conference call or presentation 10-Aug-22 12:30pm GMT

Fox Corp at Credit Suisse Communications Conference (Virtual) Transcript – 2022-06-14 – US$ 54.00 – Edited Transcript of FOXA.OQ presentation 14-Jun-22 1:30pm GMT

Fox Corp Q3 2022 Earnings Call Summary – 2022-05-10 – US$ 54.00 – Edited Brief of FOXA.OQ earnings conference call or presentation 10-May-22 12:30pm GMT

Fox Corp Q3 2022 Earnings Call Transcript – 2022-05-10 – US$ 54.00 – Edited Transcript of FOXA.OQ earnings conference call or presentation 10-May-22 12:30pm GMT

Fox Corp at Deutsche Bank Media, Internet and Telecom Conference Transcript – 2022-03-15 – US$ 54.00 – Edited Transcript of FOXA.OQ presentation 15-Mar-22 12:05pm GMT

Fox Corp at Morgan Stanley Technology, Media, and Telecom Conference (Virtual) Transcript – 2022-03-10 – US$ 54.00 – Edited Transcript of FOXA.OQ presentation 10-Mar-22 4:35pm GMT

Fox Corp Q2 2022 Earnings Call Summary – 2022-02-09 – US$ 54.00 – Edited Brief of FOXA.OQ earnings conference call or presentation 9-Feb-22 1:30pm GMT

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Thomson StreetEvents. "Fox Corp at Moffettnathanson Media & Communications Summit (Virtual) Transcript" May 18, 2022. Alacra Store. May 18, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Fox-Corp-at-Moffettnathanson-Media-Communications-Summit-Virtual-T15216832>
  
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