Sony Pixel Power calrec Sony

Fox Corporation Reaches Agreement to Acquire Outkick

06/05/2021

Fox Corporation Reaches Agreement to Acquire Outkick Leading Multiplatform Brand Expands FOX's Digital Portfolio Investment Deepens FOX's Presence in Sports Wagering Market

Los Angeles, CA - May 5, 2021 - Fox Corporation (Nasdaq: FOXA, FOX) today announced an agreement via its subsidiary to acquire Outkick Media, LLC, a digital media platform founded and led by Clay Travis, and related assets. Outkick is an omnichannel leader in sports, opinion, politics, and pop culture content across its radio, podcasts, online and social outlets, as well as being one of the foremost sources of sports wagering information in the United States. Further, Outkick is in an exclusive marketing agreement with FOX's partner FanDuel and serves as a significant source of sports wagering referrals.

Fox Corporation Executive Chairman and Chief Executive Officer Lachlan Murdoch commented: As FOX further diversifies our growing digital portfolio and broadens our position in the sports wagering ecosystem, there could be no better acquisition than Outkick. Clay and his team have quickly made Outkick a content powerhouse with a very large, loyal and engaged audience. We expect the synergies presented across FOX's existing portfolio of assets will turbocharge this exciting business.

Travis added: Outkick has grown out of my passion for producing bold, well-informed, and entertaining content about sports, current events and, more recently, sports wagering. With the power of FOX behind us, we look forward to maintaining Outkick's unwavering commitment to that mission, as well as further accelerating the growth of our audience, and continued leadership in the sports wagering affiliate category.

Outkick's business spans multiple platforms and outlets. Clay Travis' sports radio show reaches more than 10 million monthly listeners and is the #1 daily sports radio show in the mornings in the U.S.; the Outkick podcast network, which just launched in September, already notches more than four million monthly episode downloads. Outkick also draws millions of users monthly to its website, video posts and social media channels.

In addition, Outkick creates highly compelling sports wagering content, and currently has a successful, exclusive marketing arrangement with FanDuel. The Outkick platform is one of FanDuel's attractive sources of wagering leads.

The Outkick users are highly-engaged with the brand, making them an appealing group for advertisers. Approximately two-thirds of users are between the ages of 18 and 54, with more than 70% reporting household income above $50,000 and nearly three-quarters being college-educated.

FOX plans to operate Outkick as an independent brand and leverage its content across its existing platforms. Clay Travis will remain integrally involved at Outkick and serve as its President.

Outkick Media is jointly owned by Clay Travis and Savage Ventures. Savage Ventures will continue having an operational role in the business going forward. Methuselah Advisors served as the exclusive financial advisor to Outkick for the transaction.

About Fox Corporation

Fox Corporation produces and distributes compelling news, sports and entertainment content through its iconic domestic brands including: FOX News Media, FOX Sports, FOX Entertainment and 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, develop deeper consumer relationships and create more compelling product offerings. FOX maintains an impressive track record of news, sports, and entertainment industry success that shapes our strategy to capitalize on existing strengths and invest in new initiatives. For more information about Fox Corporation, please visit www.FoxCorporation.com.

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements and information within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as may, will, should, likely, anticipates, expects, intends, plans, projects, believes, estimates, outlook and similar expressions are used to identify these forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements in this news release due to changes in economic, business, competitive, technological, strategic and/or regulatory factors and other factors affecting the operation of the business of Fox Corporation. More detailed information about risk factors affecting Fox Corporation is contained in the documents Fox Corporation has filed with or furnished to the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2020 and subsequent Quarterly Reports on Form 10-Q.

Statements in this press release speak only as of the date they were made, and the Company undertakes no duty to update or release any revisions to any forward-looking statement made in this press release or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events or to conform such statements to actual results or changes in the Company's expectations, except as required by law.

Contact:

Megan Klein

megan.klein@fox.com
LINK: https://www.foxcorporation.com/news/corp-press-releases/2021/fox-corpo...
See more stories from foxinternational

More from Fox International

15/03/2024

Pete Distad Named CEO of New Sports Streaming Service

Pete Distad Named CEO of New Sports Streaming Service Former Apple and Hulu Executive to Lead Joint Venture from ESPN, FOX and Warner Bros. Discovery March 15...

04/03/2024

FOX Gets Pumped for Summer and Goes Balls to the Wall with New and Returning Unscripted Series

FOX Gets Pumped for Summer and Goes Balls to the Wall with New and Returning Uns...

14/02/2024

FOX To Host 2024 Upfront Event Monday, May 13

FOX To Host 2024 Upfront Event Monday, May 13 New York, NY - Fox Corporation (Nasdaq: FOXA, FOX; FOX or the Company ) announced today its live, in-person 2...

12/02/2024

FOX Entertainment Global Names Senior Content Sales Team

FOX Entertainment Global Names Senior Content Sales Team Simona Argenti Named Senior Vice President, Content Sales, Europe, Middle East and Africa; Nathalie W...

07/02/2024

Fox Corporation Reports Second Quarter Fiscal 2024 Financial Results

Fox Corporation Reports Second Quarter Fiscal 2024 Financial Results NEW YORK, NY, February 7, 2024 - Fox Corporation (Nasdaq: FOXA, FOX; FOX or the Compan...

06/02/2024

ESPN, FOX and Warner Bros. Discovery Forming Joint Venture to Launch Streaming Sports Service in the U.S.

ESPN, FOX and Warner Bros. Discovery Forming Joint Venture to Launch Streaming S...

24/01/2024

Fox Corporation Executives to Discuss Second Quarter Fiscal 2024 Financial Results Via Webcast

Fox Corporation Executives to Discuss Second Quarter Fiscal 2024 Financial Resul...

22/01/2024

Fox Corporation Names Jeff Collins President of Advertising Sales, Marianne Gambelli to Retire

Fox Corporation Names Jeff Collins President of Advertising Sales, Marianne Gamb...

17/01/2024

Sinclair and FOX Reach Agreement to Renew All FOX Affiliations Nationwide

Sinclair and FOX Reach Agreement to Renew All FOX Affiliations Nationwide BALTIMORE, January 17, 2024 Sinclair, Inc. (Nasdaq: SBGI) ( Sinclair ) and FOX Cor...

07/01/2024

Curt Menefee Expands Role at FOX to Co-Host of FOX's Good Day New York

Curt Menefee Expands Role at FOX to Co-Host of FOX's Good Day New York Menefee to Continue Co-Hosting Award-Winning FOX NFL Pregame Show Watch: Menefee...

13/12/2023

FOX News Media Announces Executive Promotions

FOX News Media Announces Executive Promotions Jason Klarman Elevated to Chief Digital and Marketing Officer Lauren Petterson Takes on New Role as President o...

27/11/2023

Fox Corporation Chief Financial Officer Steve Tomsic to Participate in Upcoming UBS Global Media & Communications Conference

Fox Corporation Chief Financial Officer Steve Tomsic to Participate in Upcoming ...

21/11/2023

Fox Corporation Names Rachel Berk Senior Vice President of Distribution, Platform Partnerships

Fox Corporation Names Rachel Berk Senior Vice President of Distribution, Platfor...

13/11/2023

Tubi Partners with the Black List on The To Be Commissioned Initiative

Tubi Partners with the Black List on The To Be Commissioned Initiative Tubi Will Select Five Genre Focused Screenplays Intended to Be Developed, Produced an...

13/11/2023

Fox Corporation Earns 2024 Military Friendly Employer Designation

Fox Corporation Earns 2024 Military Friendly Employer Designation New York, NY and Los Angeles, CA - Nov. 13, 2023 - Fox Corporation (Nasdaq: FOXA, FOX) ( FO...

08/11/2023

Fox Corporation Names Adam Ciongoli Chief Legal and Policy Officer

Fox Corporation Names Adam Ciongoli Chief Legal and Policy Officer New York, NY and Los Angeles, CA - November 8, 2023 - Lachlan Murdoch, Executive Chair and ...

02/11/2023

Fox Corporation Reports First Quarter Fiscal 2024 Financial Results

Fox Corporation Reports First Quarter Fiscal 2024 Financial Results NEW YORK, NY, November 2, 2023 - Fox Corporation (Nasdaq: FOXA, FOX; FOX or the Company...

12/10/2023

Fox Corporation Executives to Discuss First Quarter Fiscal 2024 Financial Results Via Webcast

Fox Corporation Executives to Discuss First Quarter Fiscal 2024 Financial Result...

26/09/2023

Find Your Next Obsession with Tubi's New GPT-4 Powered Content Discovery Feature

Find Your Next Obsession with Tubi's New GPT-4 Powered Content Discovery Fea...

22/09/2023

Tony Abbott AC and Peggy Johnson Nominated to the Board of Directors of Fox Corporation

Tony Abbott AC and Peggy Johnson Nominated to the Board of Directors of Fox Corp...

21/09/2023

K. Rupert Murdoch to be Appointed Chairman Emeritus of Fox Corporation and News Corp

K. Rupert Murdoch to be Appointed Chairman Emeritus of Fox Corporation and News ...

06/09/2023

Tubi Surpasses 74 Million Monthly Active Users

Tubi Surpasses 74 Million Monthly Active Users Hits 1.4% of Total TV Viewing Time as The Most Watched Free Ad-Supported TV Streaming Service in the U.S. World...

05/09/2023

Nexstar Media and Fox Corporation Renew and Extend Multi-Year Affiliation Agreement

Nexstar Media and Fox Corporation Renew and Extend Multi-Year Affiliation Agreem...

15/08/2023

Fox Television Stations Announces Newly-Restructured Advertising Sales Division

FOX Television Stations Announces Newly-Restructured Advertising Sales Division Patrick Paolini to Lead Streamlined Group Combining Local, National and Digita...

08/08/2023

Fox Corporation Reports Fourth Quarter and Full Year Fiscal 2023 Financial Results

Fox Corporation Reports Fourth Quarter and Full Year Fiscal 2023 Financial Resul...

31/07/2023

Flutter Entertainment plc and Fox Corporation Announce Close of FOX Bet

Flutter Entertainment plc and Fox Corporation Announce Close of FOX Bet Los Angeles, CA and New York, NY - July 31, 2023 - Flutter Entertainment plc ( Flutter...

25/07/2023

Fox Corporation Names David Espinosa President of Distribution

Fox Corporation Names David Espinosa President of Distribution New York, NY and Los Angeles, CA - July 25, 2023 - John Nallen, Chief Operating Officer of Fox ...

25/07/2023

Fox Corporation Executives to Discuss Fourth Quarter and Full Year Fiscal 2023 Financial Results Via Webcast

Fox Corporation Executives to Discuss Fourth Quarter and Full Year Fiscal 2023 F...

17/07/2023

Anjali Sud To Lead Tubi As New CEO

Anjali Sud To Lead Tubi As New CEO Sud Joins as Tubi Becomes the Most Watched Free TV and Movie Streaming Service in the U.S. SAN FRANCISCO, July 17, 2023 - ...

11/07/2023

FOX Announces All Original Fall 2023 Slate with All-New Animated and Unscripted Series

FOX Announces All Original Fall 2023 Slate with All-New Animated and Unscripted ...

11/07/2023

Fox Corporation Recognized as Best Places to Work for Disability Inclusion by the Disability Equality Index for Fourth Consecutive Year

Fox Corporation Recognized as Best Places to Work for Disability Inclusion by ...

10/07/2023

FOX Sports' FIFA Women's World Cup Australia & New Zealand 2023 Studios on Campbells Cove in Sydney

FOX Sports' FIFA Women's World Cup Australia & New Zealand 2023 Studios...

05/07/2023

Stars Align for FOX Sports' Exclusive Presentation of 93rd MLB All-Star Game

Stars Align for FOX Sports' Exclusive Presentation of 93rd MLB All-Star Game FOX MLB Pregame Show Anchored by Powerhouse Lineup Including Alex Rodriguez, ...

23/06/2023

Tubi Wins Five Cannes Lions Awards for Its Interface Interruption' Super Bowl Spot

Tubi Wins Five Cannes Lions Awards for Its Interface Interruption' Super Bo...

20/06/2023

FOX Sports' Mike Mulvihill Named President, Insights & Analytics

FOX Sports' Mike Mulvihill Named President, Insights & Analytics Mulvihill to Lead Centralized Insights & Analytics Team Across FOX Sports, FOX Entertainm...

05/06/2023

FOX Sports Broadcasters Enter Starting Gate for Inaugural Belmont Stakes Coverage

FOX Sports Broadcasters Enter Starting Gate for Inaugural Belmont Stakes Coverag...

31/05/2023

FOX College Football Starts Saturdays Strong

FOX College Football Starts Saturdays Strong Schedule Highlights Include Elite Big Ten Matchups - Michigan at Penn State, Ohio State at Michigan and More NFL...

25/05/2023

Jesse Collins Entertainment to Produce 75th Emmy Awards, Airing Monday, September 18, Live On FOX

Jesse Collins Entertainment to Produce 75th Emmy Awards, Airing Monday, Septe...

18/05/2023

Legendary Tom Durkin Returns to Call the Belmont Stakes On FOX

Legendary Tom Durkin Returns to Call the Belmont Stakes On FOX NEW YORK - Today, FOX Sports announced the return of horse racing legend Tom Durkin to the boot...

15/05/2023

FOX Entertainment Announces 2023-24 Program Slate With 6 New Series Orders, 5 Second Season Renewals And 13 Additional Series Returns

FOX Entertainment Announces 2023-24 Program Slate With 6 New Series Orders, 5 Se...

12/05/2023

Accused, Special Forces: World's Toughest Test And Next Level Chef Help Drive FOX To Win 2022-23 Season Among Adults 18-49 In Live + 7 Day Ratings

Accused, Special Forces: World's Toughest Test And Next Level Chef Help Drive FOX To Win 2022-23 Season Among Adults 18-49 In Live 7 Day Ratings ACCUSED...

09/05/2023

Fox Corporation Reports Third Quarter Fiscal 2023 Financial Results

Fox Corporation Reports Third Quarter Fiscal 2023 Financial Results NEW YORK, NY, May 9, 2023 - Fox Corporation (Nasdaq: FOXA, FOX; FOX or the Company ) to...

28/04/2023

FOX Orders Rescue: Hi-Surf, New Franchise From Legendary Producer John Wells And Writer Matt Kester, Set To Debut In 2023-2024 Season

FOX Orders Rescue: Hi-Surf, New Franchise From Legendary Producer John Wells And...

26/04/2023

Fox Corporation Announces Formation of Tubi Media Group

Fox Corporation Announces Formation of Tubi Media Group Paul Cheesbrough Set to Lead the New Business Unit as CEO Farhad Massoudi to Step Down, New CEO of Tub...

25/04/2023

Fox Corporation Executives to Discuss Third Quarter Fiscal 2023 Financial Results Via Webcast

Fox Corporation Executives to Discuss Third Quarter Fiscal 2023 Financial Result...