Fox Networks has reportedly made a deal with the Dubai based Middle East Broadcasting Center (MBC) for launching a new TV streaming service in the North Africa and Middle East. The subsidiary of 21st Century Fox (FOX) stated that the company was collaborating with the biggest broadcaster of the region to deliver Fox Plus to viewers.
Apparently, the streaming service of Fox, which is already available in parts of Latin America and in southeast Asia, would be offered in 24 countries on the Shahid Plus platform of MBC. The Saudi firm would also be adding streaming content of thousands of hours to its existing platform through this collaboration.
Reliable sources inform that to access six categories of Fox Plus’s English-language entertainment, subscribers will have to pay $4.99 every month. The categories will also include the National Geographic channel, kids TV and drama, along with Arabic content from Shahid Plus.
Fox Business was one of many media networks to pull its sponsorship from a big investment conference in Riyadh recently. A lot of companies and investors continue to maintain distance from the kingdom due to the uncertainty over who was responsible for the death of Jamal Khashoggi, a Washington Post journalist murdered by Saudi agents at the kingdom’s Istanbul consulate.
Sanjay Raina, Fox Networks Group general manager, mentioned that streaming would soon become a major disrupting factor for the consumption of content. As a content company, it is crucial to have a foot in the door into that world, he stated.
Raina further said that the company has only witnessed the tip of the iceberg as new services are coming in daily. Owning to the usage of a variety of devices like laptop, mobile and more among young consumers, linear television platforms are required to reinvent themselves.
According to IHS Markit, online video subscriptions in North Africa and the Middle East had only crossed one million in the previous year. The subscriptions are anticipated to grow at 34% every year to reach 5 million by 2022.