Media Moguls and Institutions Bet on Ownership, Fox Buys Roku for $22B
According to the Los Angeles Times, Byron Allen has established a media empire focused on content ownership rather than performance. The Cincinnati Business Courier reports that Cincinnati Opera is investing $6 million in three new projects by Black creators. Instead of creating a new platform, Roxane Gay and Debbie Millman opted to acquire The Rumpus, valuing its established reputation, as noted by Publishers Weekly. The New York Times highlights Lincoln Center's largest investment in dance in decades. In a strategic move, Fox has allocated $22 billion to acquire Roku, prioritizing distribution over content, as per Vulture. Additionally, Limelight reports that Sydney's Song Company, a vocal ensemble with a 40-year history, has filed for liquidation. The Guardian reveals that London's Shaftesbury Theatre will be renamed the Judi Dench Theatre.
Key facts
- Byron Allen built a media empire on owning content, not performing it.
- Cincinnati Opera commits $6 million to three new works by Black creators.
- Roxane Gay and Debbie Millman bought The Rumpus.
- Lincoln Center makes its biggest commitment to dance in decades.
- Fox spent $22 billion on Roku.
- Sydney's Song Company filed for liquidation.
- Shaftesbury Theatre in London renamed to Judi Dench Theatre.
- The Song Company is 40 years old and one of the world's finest vocal ensembles.
Entities
Artists
- Byron Allen
- Roxane Gay
- Debbie Millman
- Judi Dench
Institutions
- Cincinnati Opera
- The Rumpus
- Lincoln Center
- Fox
- Roku
- Song Company
- Shaftesbury Theatre
- Los Angeles Times
- Cincinnati Business Courier
- Publishers Weekly
- The New York Times
- Vulture
- Limelight
- The Guardian
Locations
- Sydney
- Australia
- London
- United Kingdom