Fox Corp. disclosed a comprehensive reorganization of its digital division after closing a $22 billion acquisition of Roku, a company founded by Fox co‑chair Anthony Wood. The memo, shared with employees by Wood and co‑chair Paul Cheesebrough, detailed senior departures, new appointments and the integration of Roku, Tubi, Red Seat Ventures and other assets under the Fox Digital Platforms umbrella.
Key departures and transition plans
Both Charlie Collier and Anjali Sud will exit the combined organization. Collier, who spent four years heading Roku’s ad and platform business and previously served as CEO of Fox Entertainment, will not join Fox. Sud, who led Tubi’s rise as a free, ad‑supported streaming service, will also leave. The memo said Sud will remain temporarily to assist with the handoff to Pete Distad, a former Apple executive who launched the flagship streamer Fox One and will now oversee Tubi and the Roku subsidiary Frndly TV.
Wood and Cheesebrough praised Sud’s contributions, noting she helped transform Tubi from a challenger brand into a major free‑streaming force. They expressed gratitude and wished her success in her next endeavor.
Other executives exiting alongside Collier and Sud include Chris Handman, senior vice president and general counsel at Roku, and Robyn Peterson, executive vice president of AdRise.
New leadership assignments
Mustafa Ozgen will assume the role of CEO of Roku, succeeding Wood. Ozgen will retain responsibility for Roku’s device, product and technology divisions and will now also oversee the Fox ad‑tech platform AdRise, the Roku Channel, streaming‑service partnerships, Roku Subscriptions, the subscription service Howdy, Roku Pay, and the brand and creative operations.
Mike Bidgoli has been promoted to president of Tubi and will report to Distad. Andy Karofsky, co‑founder and CEO of Frndly TV, will join Distad’s group. Lisa Holme, head of content for The Roku Channel, will also report to Distad and collaborate closely with Adam Lewinson and the Tubi content team.
Advertising sales across the combined portfolio will continue to report to Jeff Collins, Fox’s president of advertising sales. The memo highlighted the scale of the merged ad operation, noting that in the July‑to‑September quarter Fox’s ad revenue rose 47 percent year‑over‑year to $2.1 billion, while Roku’s ad revenue grew 23 percent to $727.4 million.
Wood and Cheesebrough acknowledged that not every decision would be resolved immediately. They pledged to share updates as they are made, maintain clarity on open items and keep moving forward. Their stated priorities remain building strong products, serving viewers and partners, and supporting one another.
The company announced a series of town‑hall meetings to discuss the integration, with sessions scheduled in San Jose and San Francisco on Monday, the Fox lot and Santa Monica on Tuesday, Austin on Wednesday and New York on Thursday. International town halls will follow.
Norman Pearlstine is the Executive Editor and Co-Founder at News Raise. With over two decades of experience across financial journalism, corporate governance, and market analysis, Norman leads the editorial direction and ensures strict adherence to journalistic accuracy and ethics.
