Entertainment

Fox Entertainment and Hulu Strike Game-Changing Streaming Deal Worth Over $1.5 Billion!

2024-11-21

Author: Ying

In a stunning and exclusive revelation, Fox Entertainment and Hulu have solidified their partnership with a groundbreaking multi-year content agreement. This new arrangement, reportedly valued at over $1.5 billion and set to last through 2029, includes in-season streaming rights for Fox's diverse programming slate and significantly expands their multi-platform marketing cooperation.

The renewal comes just months after their previous deal was announced in January 2023. With this new pact, Fox is positioned to enhance its slate of original content, which encompasses gripping dramas like "Rescue HI-Surf" and "Murder in a Small Town," alongside comedic favorites such as "Animal Control," and reality sensations including "The Masked Singer" and Gordon Ramsay’s "Next Level Chef."

This new contract also ensures that fan-favorite animated shows produced by 20th Television Animation, including the iconic "The Simpsons," "Family Guy," and "Bob's Burgers," will continue to be a staple on Hulu, as they are already renewed through the 2024/25 season.

The collaboration between Fox and Hulu presents a win-win scenario: Fox secures a formidable streaming partner for its content, while Hulu gains in-season streaming rights for a treasure trove of popular properties. Notably, Fox has been exploring innovative business models, including a deal with Amazon to secure second-window streaming rights for its game show "The 1% Club."

As part of this agreement, both companies will share marketing expenses, promoting shows as they air live on Fox and on-demand on Hulu. This builds upon a prior output deal from February 2022 that granted Hulu out-of-season streaming rights to major Fox unscripted hits like "The Masked Singer," "Name That Tune," and "MasterChef."

Rob Wade, CEO of Fox Entertainment, expressed enthusiasm about the partnership, stating, "Our friends at Hulu and Disney Entertainment are exceptional partners, together driving ongoing mutual growth and strong results. Through our new agreement, we look forward to expanding on this impressive track record and collaboratively shaping the future of television in today’s evolving media landscape."

Adding to the excitement, Lauren Tempest, General Manager of Hulu, noted, "The long-standing, valued partnership we have with Fox has cemented Hulu as the next-day streaming home for current Fox hits. We’re thrilled to continue delivering these scripted, unscripted, and animated series to our subscribers."

Overall, this partnership underscores how major players in the entertainment industry are adapting to the changing landscape of media consumption, ensuring that audiences have access to their favorite shows whenever and wherever they want. With this agreement, Fox and Hulu are not just maintaining their partnership—they’re redefining the future of streaming entertainment! Stay tuned for more updates as this dynamic duo continues to evolve in the ever-competitive streaming landscape.