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According to Omdia, Shahid leads with 4.4 million subscribers, followed by YouTube Premium at 3.7 million, Netflix at 3.0 million, and StarzPlay at 2.3 million. The market is forecast to grow to $8.4 billion by 2029, fueled by mobile adoption and digital infrastructure expansion.

The Channel 4 series, now into its second season, has been sold to DR (Denmark), AVROTROS/NPO (Netherlands), SVT (Sweden), Britbox (Australia), BBC UKTV (New Zealand), and SBS (Australia) for a second window in Australia for their daytime schedule.

Fox One will consolidate content from Fox Entertainment, Fox Sports, Fox News Media, and Tubi, aiming to deliver a broad array of live and on-demand programming. Fox One will not replace Tubi, the two platforms will operate in parallel, with Fox One catering to subscribers seeking premium content and live programming, and Tubi continuing to serve users looking for free on-demand entertainment.

Direct-to-consumer revenue rose 9% to $2.04 billion, while total company revenue reached $7.19 billion, beating forecasts despite a year-over-year decline. The TV Media segment fell 13% as ad revenue dropped 21%, underscoring pressure on traditional channels.

The company is seeking proposals for a premises in Western Sydney that can support a best-in-class television, digital, and audio production facility with the space, infrastructure, environment, accessibility, and amenity needed to foster the next era of SBS’s news and media excellence and contribute to the growth of the region’s creative economy.