Fox Corporation announced its acquisition of Red Seat Ventures, a business in the creator economy that powers talent across a range of genres as they build their direct-to-consumer media businesses. Red Seat Ventures will operate as a standalone entity within FOX‘s Tubi Media Group. Paul Cheesbrough, CEO of Tubi Media Group, assumes the role of Chairman, Red Seat Ventures. The Red Seat Ventures executive team, led by founding partners Chris Balfe and Kevin Balfe, will continue to lead and operate the business. Across their 17 creator-led shows, Red Seat Ventures properties cumulatively drove over 200M monthly active views in November 2024 and exists as a Top 10 podcast network in the U.S. in terms of scale and reach.
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