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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Fox Corporation    FOXA

FOX CORPORATION

(FOXA)
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Fox : AWS and FOX Team Up to Reinvent Media Content Delivery

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12/03/2019 | 02:01pm EST

FOX and AWS to build transformative 8K Capable Media Platform on AWS to create, produce, and deliver live and on demand content across traditional and digital platforms to enhance consumers’ experiences

FOX selects AWS as its official cloud and machine learning provider

Today Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), announced that Fox Corporation (Nasdaq: FOXA, FOX) (“FOX”) and AWS have signed a multi-year strategic collaboration agreement to use AWS’s unmatched portfolio of services, highly reliable infrastructure, and professional services organization to enable a new cloud-based media production and delivery platform. The integrated platform for broadcast and digital video services will distribute FOX’s leading sports, news, and entertainment television content to multi-channel video programming distributors, to more than 200 affiliate stations, and to over-the-top (OTT) providers, marking the first time that a single platform will be used to deliver both traditional broadcast and direct to consumer streaming services. It will also underpin FOX’s production facilities in Tempe, Los Angeles, New York, and Charlotte.

In addition, FOX will be using the first AWS Local Zone within its operations, a new type of AWS infrastructure deployment that places compute, storage, database, and other select services closer to customers for applications in particular locations where their customers expect single-digit millisecond latency.

The strategic collaboration agreement will include:

  • FOX will use AWS Media Services to deliver its linear broadcast workflows to cable television systems, direct broadcast satellite operators, and telecommunication companies, and to distribute its internet-based over-the-top (OTT) content directly to consumer streaming services. This will allow the enhanced delivery of live sports, news, and entertainment to hundreds of affiliate TV stations, FOX’s pay TV partners, and streaming media companies across the U.S. The depth of native media capabilities available in AWS Media Services means that FOX can underpin its business with more adaptable, elastic and efficient workflows that are fit for the integrated future of linear TV and video streaming to consumers.
  • AWS Outposts, fully managed and configurable compute and storage racks built with AWS-designed hardware, will enable FOX to run compute and storage on-premises in FOX production facilities for video processing, including linear video editing and picture graphics workflows. This will enable FOX’s creative teams to have the lowest possible latency, which is critical for video production delivery.
  • By using AWS analytics services, including Amazon Kinesis, and machine learning services such as Amazon SageMaker to enhance live video streams and enable a real-time data capabilities, FOX will deliver new and innovative products and services in addition to providing enhanced user experiences and improved operations.

“Our extended partnership with AWS will strategically underpin our video and data workflows with a world class, adaptable, reliable, and scalable set of platforms that will extend and evolve to power our business well into the future,” said Paul Cheesbrough, Chief Technology Officer and President of Digital, Fox Corporation. “Across our facilities, we’re enabling our organization to create a platform that will respond to real-time data that enables us to deliver the best programming.”

“FOX’s media platform is pioneering the delivery of live content using AWS’s unmatched breadth of functionality and highly reliable infrastructure to usher in a new model for content delivery that will drive operational efficiency and greater agility,” said Dr. Werner Vogels, Vice President and Chief Technology Officer at Amazon. “The platform will serve as the nerve center for FOX distribution and operation capabilities, supporting the most demanding needs of live broadcast television production and distribution with plenty of capacity. We look forward to working with FOX on this unique, green-field opportunity to unify and transform the delivery of reliable and innovative content to millions of viewers.”

About Amazon Web Services

For over 13 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud platform. AWS offers over 165 fully featured services for compute, storage, databases, networking, analytics, robotics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 69 Availability Zones (AZs) within 22 geographic regions, with announced plans for 13 more Availability Zones and four more AWS Regions in Indonesia, Italy, South Africa, and Spain. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.


© Business Wire 2019
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Financials (USD)
Sales 2020 12 225 M
EBIT 2020 2 280 M
Net income 2020 1 419 M
Debt 2020 3 595 M
Yield 2020 1,32%
P/E ratio 2020 15,5x
P/E ratio 2021 12,5x
EV / Sales2020 2,07x
EV / Sales2021 1,99x
Capitalization 21 766 M
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Number of Analysts 23
Average target price 37,80  $
Last Close Price 35,42  $
Spread / Highest target 35,5%
Spread / Average Target 6,72%
Spread / Lowest Target -20,9%
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NameTitle
Lachlan Keith Murdoch Co-Chairman & Chief Executive Officer
Keith Rupert Murdoch Co-Chairman
John P. Nallen Chief Operating Officer
Steven Silvester Tomsic Chief Financial Officer
Paul Cheesbrough Chief Technology Officer & President-Digital
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