Tubi founder and CEO Farhad Massoudi is stepping down as Fox Corp. is forming the Tubi Media Group led by Paul Cheesbrough. Massoudi will remain with Tubi through a transition period until the end of June. A new CEO of Tubi Streaming will be announced at a later date.
The ad-supported streaming service recently raised $20 million and grew subscribers nine times last year. And while companies like Hulu, Google’s YouTube and AT&T’s DirecTV have recently launched streamlined (and relatively affordable) live internet TV services, Tubi CEO Farhad Massoudi thinks live is overrated for almost everything that’s not sports and news — and his commercial-free competitors’ subscriptions are overpriced.
