platform

Fox Corporation has agreed to acquire the streaming platform Roku Inc. in a deal valued at $22 billion, the companies announced Monday.

The deal will combine the Murdoch family’s media assets, which include its news, sports and broadcast channels, with the San Jose-based streaming platform that reaches 100 million consumers globally.

The acquisition would give Fox access to consumer households at a time when the traditional pay-TV universe continues its slow decline as viewers move away from cable and satellite services to video streaming. Fox already owns the free ad-supported streaming service Tubi, which recently became profitable.

“This is a defining moment for Fox and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade,” Fox Corp. Executive Chair Lachlan Murdoch said in a statement.

By owning Roku, Fox gets access to data from the 100 million households connected to the service, which can be used to better target audiences with advertising. The combination would also make Fox less dependent on traditional pay TV platforms for the distribution of its channels.

According to Nielsen data, 21% of all internet-connected TV viewing comes through Roku. The Roku Channel, which carries 500 ad-supported streaming networks, accounts for 3% of all TV viewing.

An image of a Roku branded TV.

(Roku)

Research firm Emarketer projects ad revenues of $3.57 billion for Roku this year, up 19% from last year.

Lloyd Grief, chief executive of the Los Angeles investment bank Greif & Co., said Roku would have been challenged to compete against far better capitalized competitors in the streaming business and that a sale was “inevitable.”

For Fox, the proposed deal makes them a larger player in the digital advertising business. Emarketer senior analyst Ross Benes said the Roku business will “more than double,” the company’s revenues in that area.

“It remains to be seen how well the combination of a digitally innovating streaming company will mesh with a media conglomerate rooted in legacy assets,” Benes said.. “But the strategy makes sense and it jibes with the continual consolidation that’s occurring in streaming.”

Fox sold its TV and movie production assets to Walt Disney Co. in 2018. Rather than invest heavily in scripted entertainment to compete with emerging streaming companies, Fox decided to concentrate on sports and news.

The Roku deal will put Fox deeper into the distribution network. Over its history, the company has held stakes in satellite TV provider DirecTV and Sky TV.

The companies said they are committed to keeping Roku as a “partner-friendly” platform that carries program services that compete with Fox. Brian Wieser, a consultant at Madison and Wall said that might require some convincing.

“Other content owners may still need Roku’s distribution, but they may be less comfortable with the idea that one of their competitors controls an increasingly important part of the streaming interface,” Wieser wrote in his note on the proposed deal.

Roku shareholders will receive a combination of cash and Fox Corporation stock valued at $160 a share.

The companies say they expect cost savings of $400 million in the combined entity.

Roku was founded in 2002 by Anthony Wood, a British digital entrepreneur. The company launched a streaming device, the Roku player, in 2008. Within six years, the company sold more than 10 million devices, as the popularity of streaming video rapidly grew.

Fox Corp. shares were down 10 to 15% on news of the deal, trading around $55.57 Monday morning. Roku shares were down slightly to $142.

Times staff writer Wendy Lee contributed to this report.

AFTER returning to Instagram Katie Price has found herself with one less loyal follower – her husband Lee Andrews.

Katie was previously left fuming after her account with a whopping 2.6 million followers was removed from the platform.

The ban came at a tumultuous time for the former glamour model, following a man hunt for Lee, who is currently thought to be jailed in Dubai’s Al Awir prison.

But after regaining access to her page earlier today, she was met with a mystery.

Katie’s conman hubby Lee has hit the unfollow button on the star, something that usually points towards trouble in paradise.

Lee now follows nobody over on the app.

NO SHAME

I was first to interview Lee Andrews — his reaction proves he’s out for himself

PRICEY IS BACK

Katie Price RETURNS to Instagram after being locked out & investigated

Things between the pair have certainly been a rollercoaster these past few weeks as she claimed to have told him he was the “most hated man in Britain” over the phone.

The reality TV legend told fans last week that she and Lee had a two-minute phone call from which he dialled in from a prison call box.

Lee claimed he’d been detained on suspicion of spying but that lie was quickly debunked.

Authorities confirmed to us he was NOT being held over spying charges and we understand he’s behind bars over claims relating to a private, civil matter.

Lee, who has “three phones” and bragged about being an “arms dealer,” is due for release today but must pay a four-figure fine.

The self-confessed “businessman” has certainly fuelled speculation on his relationship with Katie after savagely unfollowing her.

She was furious with Lee when he “made her look a d**k” after failing to show up for their joint GMB interview but this could be the ultimate betrayl.

Podcast host Katie had her Instagram account taken away over the weekend due to her flashing her boob in one post, alongside a flurry of promotions for CBD products.

Meta, the company behind the social media giant, removed her entire profile as it investigated.

Execs are understood to have analysed her posts and stories, and found no wrongdoing, hence why her profile has now returned.

Netflix subscribers will wake up to a video livestream of “The Breakfast Club” starting next month, marking the platform’s first daily live podcast.

The deal is part of the streaming platform’s ongoing focus on live programming, and the latest video podcast offering through its partnership with iHeartRadio, the company said on Thursday. The nearly three-hour show will include a live video feed exclusive to Netflix and will air every weekday morning.

“Taking this show live every day to a global audience on Netflix is a powerful example of how we’re expanding the reach of our biggest brands while giving audiences entirely new ways to experience them,” Bob Pittman, iHeartMedia’s chairman and chief executive, said in a statement. “Whether it’s morning in NYC or the afternoon in London, the conversation is live and reaching the world in real time.”

“The Breakfast Club” will air simultaneously on Netflix, the iHeartRadio app and it will continue to be syndicated by Premiere Networks on more than 100 broadcast radio stations nationwide. Netflix’s video feed is meant to provide more behind-the-scenes content, as radio formats will still need to include commercial breaks. Instead of pausing the program, Netflix watchers will get an uninterrupted stream, where those traditional breaks will be filled with exclusive segments and extended discussions.

“The media landscape will always evolve, but one thing consistently cuts through: live programming,” Charlamagne tha God said in a statement. “That’s a big reason ‘The Breakfast Club’ has sustained its reign for so long. We’re building something powerful — real‑time conversation, real community, on a global scale. The future belongs to those who can see what’s possible — and trust me, the vision for ‘The Breakfast Club’ and Netflix is crystal clear.”

The radio program first got its start in 2010 on WWPR-FM in New York. Over the years, it has become one of the most popular morning shows, rooted in Hip-Hop and R&B culture and known for its lively interviews and entertaining commentary from hosts Charlamagne Tha God, DJ Envy and Jess Hilarious. The show has welcomed guests like former President Barack Obama, and artists like Kendrick Lamar and Cardi B. In 2020, the talk show was inducted into the Radio Hall of Fame.

Netflix has heavily invested in its live programming in the worlds of sports, comedy and podcasting in recent years. In the past month, the Los Gatos-based company livestreamed “The Roast of Kevin Hart” and its latest fight between MMA fighters Ronda Rousey and Gina Carano. This weekend, the F1 Canadian Grand Prix is also set to air on Netflix. These tentpole events are in addition to some of the weekly live programming Netflix offers, including “The Bill Simmons Podcast,” which airs every Sunday.

SEOUL, May 20 (UPI) — South Korea’s Mirae Asset Securities said Wednesday it launched the “Sage Beyond” platform geared toward sharing its insights with young business leaders.

The Seoul-based brokerage house said Sage Beyond would pass on its philosophy of innovation-driven growth.

The platform came to light when Mirae Asset Group founding Chairman Park Hyeon-joo delivered a keynote speech to about 140 participants. He is often referred to as South Korea’s Warren Buffett, the legendary U.S. investor.

Park shared insights into the mindset and strategic vision needed for the next generation of leaders, stressing innovation and sustainable long-term growth, according to the company.

It said it plans to strengthen partnerships with young executives through various programs linked to Sage Beyond, including regular forums focused on macroeconomic insights.

The introduction of Sage Beyond is also part of the company’s broader effort to upgrade its premium wealth management service brand, “Sage,” it said.

While Sage Beyond targets young business leaders in their 30s and 40s, “Sage Jr.” is aimed at university-age children from client families as a next-generation leadership development program.

“Sage Beyond is a platform designed to build partnerships with young leaders who value innovation,” Mirae Asset Securities said in a statement. “By continuously providing insights on management and investment, we hope to help them achieve sustainable growth.”

The share price of Mirae Asset Securities dipped 6.63% on the Seoul bourse Wednesday, while the broader KOSPI edged down 0.86%.

The television industry has changed dramatically over the last decade, but one tradition that won’t die is the annual gathering of ad-buying execs in Manhattan to hear the pitches of networks and streamers looking to sell their commercial time.

This past week’s lavish presentations, known as the upfronts, included the usual array of big-name actors (Arnold Schwarzenegger and Jennifer Lopez), NFL legends (Tom Brady and Mike Tomlin) and “Real Housewives,” past and present.

Jennifer Lopez and Brett Goldstein speak onstage during the 2026 Netflix Upfront at Sunset Pier 94 Studios on May 13.

(Dimitrios Kambouris/Getty Images for Netflix)

The selling buzzwords are far different from the days when the presentations were a vehicle for networks to boast about their ratings and present new program line-ups. The 2026 upfronts talked a lot about “connections” and “community” as the personalized nature of TV viewing brought on by streaming video-on-demand has been fully integrated into the buying and selling of commercials.

“Three of us could be watching the same show, maybe at a different time, maybe at the same time, but receive very different advertising based on what ad technologies, know about us as an audience segment,” said Josh Mattison, executive vice president of digital revenue pricing, planning and operations for Walt Disney Co. “The old model would be, hey, did 10 million people watch this ad? 
I think the new model is, which 10 million people watch this ad.”

Here’s a sampling of what ad executives were seeing and hearing this week:

Using new ad tools that target viewers

Every company presentation touted advancements in the ability to target consumers now that advertising has become the main source of revenue growth in the streaming business. They also played up new services — such as NBC’s Performance Insights Hub — providing advertisers with up to date information on the effectiveness of their advertising so they can adjust accordingly.

Streamers can take the consumer research collected by advertisers and align them with the viewing habits of their subscribers. The data are analyzed in a secure room to protect consumer privacy.

Netflix doesn’t ask subscribers for personal information in the sign-up process, as it can discourage people from buying the service. But the company does use the viewer habits on the platform to help advertisers reach the customers they seek.

“We are seeing where there is overlap and use that to help our advertisers target better,” Amy Reinhard, president of advertising for Netflix, told The Times. “It’s all based on viewer preferences.”

Every company is turning to AI to respond to the needs of advertisers. NBC now offers them the chance to insert commercials that relate to the action seen on the screen during live sports events.

Creators are going mainstream

YouTube’s annual upfront gatherings used to have the feel of an alternative show business universe, with personalities who built their rabid followings on the streaming platform far away from the audiences for traditional TV.

Now creators such as the sports stunt group Dude Perfect have their own studios. Beast Industries, the corporate home of MrBeast, held its own invitation-only breakfast for marketing executives at a high-end New York venue . YouTube stars, such as Jesser, are landing shows on other platforms.

At YouTube’s presentation at Lincoln Center, longtime favorites such as “Call Her Daddy” podcast mogul Alex Cooper and “SubwayTakes” host Kareem Rhama appeared on stage to announce new projects on the platform, looking more like established show producers rather than social media renegades.

Ten years ago, YouTube advertisers had to worry about their spots running next to Islamic State videos. Now it’s become common for marketers to embrace YouTube stars and fully integrate products and messages into their programs.

“When creators talk about your products on YouTube, viewers are 13 times more likely to search for your brands and five times more likely to buy,” said Paul Downey, president of Americas & Global Partners for YouTube.

Mary Ellen Coe, chief business officer for YouTube, told The Times that advertisers can determine if a creator is right for their brand by looking at audience numbers, subscriber data and comments from their communities of fans. But many have their own personal focus groups at home that introduce the hottest YouTube personalities.

“Most of these advertisers have children and teenagers and they go nuts for them,” Coe said.

YouTube is the most watched TV platform according to Nielsen, accounting for nearly 13% of all TV viewing. But that share is much higher among younger consumers.

“My kids don’t watch TV — they watch YouTube,” said Anthony Pedalino, vice president and head of media investment at the ad buying firm Giant Spoon. “So I think this is a bit of future proofing.”

Other companies are seeking creators for their platform.

Amazon Prime Video introduced an alternative feed of some of its NBA games on its streaming platform Twitch, which will turn them into a “CreatorCast.” The streamers who are regulars on the site call the action live in an effort to bring in younger fans. The format will be used in WNBA games in the league’s new season.

Fox touted its creator initiative that develops programs for Tubi, the company’s fast-growing ad-supported streaming platform that now has 100 million active users. The company also has a partnership with TikTok to support creators who want to turn their short-form clips into full-length programs.

There’s always room for comfort food

Amid all the innovations in ad buying and audience measurement presented during the week, many of the programs and personalities offered up by the major networks and streamers were extremely familiar.

“They may be resigned to the fact that people are going to go to emerging platforms for more niche and esoteric programs,” Pedalino said.

Oprah Winfrey made an entrance on the Beacon Theatre stage to promote the move of her podcasts to Amazon Prime Video.

Disney rolled out the cast of “Scrubs” to announce another 10-episode order of the early 2000s sitcom for Hulu. The series had a successful reboot as Gen Z viewers continue to devour vintage programs. Amazon Prime announced “The Greatest,” a Michael B. Jordan-produced mini-series on legendary heavyweight fighter Muhammad Ali, not exactly uncharted territory.

Fox introduced a reboot of “Baywatch,” which was canceled after a single season on NBC in 1990, but went on to become a worldwide hit in syndication over the decade that followed. The slow-motion shots of toned lifeguard bodies running into Venice beach waters are coming back without a hint of irony.

Netflix brought out the set of “Pop Culture Jeopardy” at its presentation at Sunset Pier 94 Studios, NBC previewed comedies with proven prime time stars and touted its 100th anniversary which will be celebrated with an old-fashioned variety special later this year.

CHARLOTTE, N.C. — Los Angeles Mayor Antonio Villaraigosa might have heard two-thirds of delegates in the Time Warner Cable Arena approve changes to the Democratic Party platform early in the proceedings Wednesday night. But some delegates who were on the floor weren’t so sure he got the count right.

“I think it failed,” said Don Kershner, a delegate from Boise who said it sounded to him — sitting in the opposite end of the arena from the speaker’s platform — that at least 50% of delegates opposed the changes. Kershner was one of the only delegates from Idaho in the arena when the changes were made — itself a problem, he said. But he said he thought the party should have left well enough alone.

“They shouldn’t have messed with it,” said Kershner, wearing a white cowboy hat supporting the Boise State Broncos. “It’s clearly a dividing subject. We don’t want to drive a wedge into the party.”

PHOTOS: Scenes from the DNC

The drama occurred in the first moments of the convention proceedings Wednesday night, when Democratic officials reinserted language back into the official platform invoking God and affirming the role of Jerusalem as the Israeli capital.

Both passages had been in the 2008 version of the Democratic platform, but were removed in the drafting of this year’s edition.

President Obama personally had a hand in getting the language reinstated.

A Democratic official says the president was unhappy about the platform changes when he heard about them.

He told his staff to convey his opposition right away, which set the wheels in motion to reinstate.

On the “God” part, the official said, his response to hearing it was, “Why was it changed in the first place?”

But putting the passages back in the platform — a move Democratic officials appeared to think would go smoothly — caused loud objections in the convention hall.

Terri Holland was one of the people who voted against the amendments introduced Wednesday night. The New Mexico delegate from Albuquerque said she thought that Democrats had made the changes “to kow-tow to the religious right,” something the party should never do.

“I don’t think it has a business in anybody’s platform,” she said, about the part of the amendment that referred to giving “everyone willing to work hard the chance to make the most of their God-given potential.”

Holland agreed that the first two votes Villaraigosa took did not get two-thirds approval. By the third time around, though, she said that her fellow “no” voters had given up the fight.

PHOTOS: Protests of the DNC

She and fellow delegate Richard Cooley said the proceedings were haphazard, and that the platform should have taken a paper ballot vote. Neither were even aware the changes would be made until Villaraigosa got up on the podium and started speaking.

“We’re Democrats, we love that stuff,” Holland said, about paper ballots.

Cooley added that Democrats had learned the importance of proper vote-taking in the Bush-Gore election in 2000. They shouldn’t take any vote for granted, he said, especially on such a divisive issue.

“We all have our own God,” he said.

Still, some delegates, including Charu Khopkar, a California delegate from Long Beach, said they thought Villaraigosa got the count right. Khopkar said he admired Villaraigosa for taking the time to ask three times for a vote, even if it’s not an issue that he cares deeply about one way or another.

“Myself, I am not a believer,” he said. “But I think it’s a perfectly appropriate part of the platform.”

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May 15 (Asia Today) — South Korea and the United States signed a letter of intent Friday to cooperate on drone and counter-drone systems, South Korea’s Defense Ministry said.

The agreement was signed at the ministry’s headquarters in Seoul by Jun Joon-beom, director general of the Defense Artificial Intelligence Planning Bureau, and Patrick Mason, deputy assistant secretary of the U.S. Army for defense exports and cooperation.

Under the agreement, the two sides will work to build a joint supply chain for drone and counter-drone systems and strengthen cooperation on standardization.

The U.S. Defense Department plans to consider registering Korean-made products on an online platform for drone and counter-drone transactions that it aims to establish this year.

South Korean officials said the platform could allow both countries to purchase and operate Korean-made systems, improving interoperability and reducing logistics costs.

The two countries also plan to cooperate on common standards for drone and counter-drone systems to improve the efficiency and compatibility of combined South Korea-U.S. operations.

In the near term, they will seek to adopt a common battery standard for small drones. They will also exchange information and conduct joint research toward a shared standards system.

“We hope the signing of this letter of intent will accelerate the establishment of common standards and certification systems for drone and counter-drone systems,” Jun said.

Mason said allies such as South Korea could overcome existing acquisition barriers and quickly field efficient and interoperable drone systems.

“We will ensure that the best available technologies are provided to South Korean and U.S. combined warfighters,” Mason said.

Before the signing ceremony, Won Jong-dae, South Korea’s deputy defense minister, met U.S. officials and said the agreement marks the beginning of the South Korea-U.S. alliance evolving into a “drone alliance.”

Won said the ministry would work with related agencies, including the Industry Ministry and the Transport Ministry, to build a stable joint supply chain between the two countries.

Jang Ji-hyung, head of the technical research division at the Defense Agency for Technology and Quality, said the agency would play a central role in producing practical results from drone and counter-drone cooperation.

The two defense authorities plan to form a working-level consultative body to continue cooperation.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260515010004281

May 14 (Asia Today) — CJ Olive Young said its wellness curation platform Olive Better has attracted 1.8 million new members within 100 days of launch, underscoring growing global demand for South Korea’s expanding K-wellness market.

The company said Wednesday that foreign customers now account for nearly half of sales at some key Olive Better locations, signaling rising international interest beyond traditional K-beauty products.

Olive Better, launched Jan. 30, currently features about 560 brands and roughly 13,000 products, according to the company.

Foreign customer sales initially accounted for about 7% of revenue after launch but have recently climbed to nearly 50% at some stores.

Industry analysts say Olive Young is broadening its consumer base from cosmetics into health and wellness products as global consumers increasingly seek Korean lifestyle and wellness trends.

Wellness products reorganized by lifestyle use

Olive Better reorganizes health products based on consumption methods and wellness goals to improve accessibility for consumers.

The platform offers “wellness shots” designed for quick consumption as well as gummy-type health supplements sold individually, expanding product flexibility and customer choice.

As of late April, more than half of the top 30 best-selling products in stores came from those categories, the company said.

Olive Young added that smaller wellness brands are also expanding product lines after joining the platform, helping them broaden consumer reach within the growing market.

The retailer recently launched a new private-label wellness brand called “All the Better,” offering about 50 products at relatively affordable prices to lower barriers for first-time wellness consumers.

Expansion planned in major shopping districts

Olive Young said it plans to strengthen wellness-focused curation across both online and offline channels.

Its online platform will be redesigned to help consumers search products more easily by function and purpose, while offline expansion will focus on major commercial districts with heavy tourist and younger consumer traffic, including Myeong-dong and Seongsu in Seoul.

The company plans to open 10 additional wellness-focused stores within the year and is also reviewing plans for hybrid stores combining Olive Young and Olive Better concepts.

An Olive Young official said the company was applying operational experience built through K-beauty expansion to the wellness sector while confirming global growth potential.

“K-wellness competitiveness will continue to grow through discovery of emerging domestic brands and market innovation,” the official said.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260514010003820

The hacker group, ShinyHunters, threatened to leak student data after breaching the educational platform Canvas.

An educational platform used by thousands of schools and universities has been partially restored following an international cyberattack that caused major chaos as students prepare for end-of-year exams.

ShinyHunters, a hacking group, claimed responsibility for crashing the web-based educational platform Canvas, created by tech firm Instructure.

The group said it had stolen 3.5 terabytes of data, including names, email addresses, student ID numbers and private messages, and threatened to release this if ransoms were not paid by May 12.

Instructure’s website said on Saturday that Canvas is now “available for most users” and no incidents were reported on Saturday. It is not clear if a ransom was paid.

The University of Sydney reported on Saturday that Canvas had been restored but was not yet “accessible to staff or students, as we need to complete checks”.

Canada’s University of Alberta said Canvas was partially restored with “reduced functionality”.

The countries that have been affected include the United States, the Netherlands, Sweden, Australia and the United Kingdom.

According to Canvas, about 30 million people across the globe use its system. The breach reportedly targeted close to 9,000 institutions across the globe.

Breach came at ‘worst time’

The Federal Bureau of Investigation said it was “aware of a service disruption” impacting a learning system, although it did not name Canvas, in a statement Friday.

“This disruption has impacted schools, educational institutions, and students across the country,” it said.

Al Jazeera’s correspondent in Florida, Phil Lavelle, said the hack could not have “come at a worse time” as many US schools are in the middle of exam season.

Institutions like Penn State, Harvard, Illinois, Columbia and Georgetown are all “scrambling” to extend or change exam deadlines, said Lavelle.

The Harvard Crimson, a student newspaper, said it could not access the platform since Thursday, with the University of Cambridge also saying it had “temporarily suspended access” to Canvas on Friday.

The Reuters news agency reported that, on May 5, the group posted a message saying Instructure had “not even bothered speaking to us” to prevent a data leak, and that their demand “was not even as high as you might think it is”.

Who are ShinyHunters?

The group is a global cybercrime syndicate that was established in 2019.

Over the years, they have claimed responsibility for cyberattacks, with the most recent data breach being Rockstar Games, a gaming giant that owns Grand Theft Auto.

“This goes to show how vulnerable schools are, how vulnerable other institutions are by individuals who seek to exploit or extort at the worst possible time – armed with just a keyboard and a mouse,” said Lavelle.

Three of the leading candidates for Los Angeles mayor — incumbent Karen Bass, Councilmember Nithya Raman and reality television personality Spencer Pratt — will share the stage for a debate Wednesday evening.

The hour-long forum, broadcast on NBC4 and Telemundo 52, will be held at the Skirball Cultural Center in Brentwood starting at 5 p.m.

The debate will also air online at nbcla.com and telemundo52.com and be available via streaming channels on platforms like Amazon Fire TV, Roku and Samsung TV Plus.

Voters have already been mailed their ballots for the June 2 primary election, which can be returned by mail or at designated drop box locations. In-person voting is already open at the county’s Registrar-Recorder/County Clerk’s office in Norwalk, and will expand to county Vote Centers starting May 23.

Wednesday’s debate will be moderated by anchor Colleen Williams and political reporter Conan Nolan of KNBC-TV, and anchor Enrique Chiabra of Telemundo 52. The debate is held in partnership with Loyola Marymount University and the Skirball Cultural Center.

A gubernatorial debate will follow at 7 p.m.