Fox (FOX): Live Content Strategy Fuels Market OptimismFox Corporation (FOX) is a major player in the media and entertainment industry, known for its news, sports, and television programming. Its portfolio includes Fox News, Fox Sports, and the Fox broadcast network, all of which attract large audiences across the U.S. The company focuses on live content, which remains in high demand, especially as streaming shifts how people consume entertainment. With strong advertising revenue and a loyal viewer base, Fox continues to be a key force in the evolving media landscape.
The stock chart recently showed a confirmation bar with rising volume, moving into the momentum zone—when the price climbs above the 0.236 Fibonacci level of the current trend. This signals a potential trend shift and increased investor interest, pointing to the possibility of further upside as momentum builds.
FOXA trade ideas
The #1 Reason This Stock Is A Short SqueezeThe problem is that short sellers
are trying to push the price of this stock
downwards.
Because we are in a bear market.
How do we know this ?
If you look at the latest chart
of the sp 500 here SP:SPX
You will see that the price
has crossed below the 50 EMA
this is a taking profit signal.
And also shows you that we are entering
a potential bear market.
Many people think its because of the
drop in the fed funds rate
which could be the cashflow investment
most stocks in the market market
Now look at this chart of NASDAQ:FOX
notice that the price is above the 50 EMA
also notice that the price is above the 200 EMA
This is also referred to as the rocket booster
strategy.
But the last step is the price
has to rally in a trend or hit a new high
Remember these 3 steps:
Price is above the 50 EMA
Price is above the 200 EMA
Price has to rally in a trend or hit a new high
As you can see on this chart the price
has hit a new high
but it later on dropped
that is your entry point.
Rocket boost this content to learn more.
Disclaimer: Trading is risky
please learn risk management and
profit taking strategies.
Also feel free to use a simulation
trading account before you trade
with real money.
FOXA's Uptrend: Riding Downtrend BreaksFox Corporation (FOXA) has impressively rebounded twice from the 88.6% Fibonacci support, displaying resilience. Notably, it consistently breaches downtrend trendlines. Seizing this buying chance, we remain vigilant, especially focusing on the Fibonacci support.
ESPN, WBD, & Fox Announce Sports TriumvirateWBD stock and FOXA stock increased by 3% and 3.6%, respectively, when three giants of the media industry, Fox Corporation (NASDAQ: FOXA), Warner Bros. Discovery (NASDAQ: WBD), and Disney’s ESPN (NYSE: DIS), announced their plans to join forces and create a game-changing sports-streaming service.
This streaming service promises the very best content from all the major leagues, bundled together in one package. It will be available to Max, Hulu, and Disney+ subscribers as part of a bundle and each company will have an equal stake in the venture, which is expected to debut in the fall.
Those offering traditional cable packages which had been the go-to for sports fans, are no doubt dreading this new streaming service which promises to be a cable killer. In fact, analysts predict that this streaming service will take 55% of U.S. sports rights.
As WBD, DIS, and FOXA set out to form a triumvirate essentially monopolizing all U.S. sports content, it will face a number of challenges that could impact the outlooks for DIS stock, WBD stock, and FOXA stock. But if successful, this new sport-streaming service promises to radically change how we view sports.
The End of Cable?
While its name still hasn’t been announced, we do know is that it will be offered directly to consumers, who would be able to stream all of these companies’ sports content on one platform.
Its library will include all the content that’s available if you pay for cable on ESPN, Fox, or the Turner channels from Warner Bros. Discovery. Rather than pay for multiple cable packages, sports fans will have direct access through a new sports-centric service.
This joint venture, which is internally dubbed “raptor”, emerged after talks began four months ago, when Disney CEO Bob Iger reached out to Fox CEO Lachlan Murdoch, who in turn reached out to Warner Bros. Discovery CEO David Zaslav. Disney likely reached out to Fox first since Fox and ESPN already have a partnership in Australia.
In the next few weeks, the JV’s CEO is expected to be named and people are already speculating the subscription will cost around $30 a month. If so, then it appears these companies are aiming slightly higher than the typical cost of a streaming service but still significantly lower than a cable bundle which can cost more than $100 a month.
This new service could dethrone cable once and for all since sports has been the glue holding the old-school “bundle” together despite the rise of streaming. If you take away sports from cable, it could really be the final nail in the coffin.
Shifting to Streaming
Media companies have been hesitant to offer their valuable sports content, like the NFL, the NBA, and the MLB, outside the traditional, high-price cable package. But more and more people are abandoning cable each day. In fact, the share of U.S. households without a traditional cable subscription is expected to reach 75% by the end of 2025. Disney, Fox, and Warner Bros. simply see the writing on the wall and are shifting their focus to streaming before what appears to be cable’s inevitable demise.
Why are they Partnering?
For Disney, this partnership is just one in a long list of strategic options the company has explored for ESPN. In mid-January, Disney was reportedly in talks with the NFL for it to acquire a stake in ESPN, and in return Disney would recieve the rights to NFL Media.
But this new sports streaming app doesn’t mean ESPN’s talks with the NFL are over. In fact, Disney has made it clear that it’s still looking for a potential partner or investor. It will also offer a stand-alone ESPN streaming app for those not intersted in the all-in-one bundle.
Disney’s approach to this partnership is likely very different than FOXA and WBD’s since it’s in the fifth year of trying to end its joint ownership of Hulu by buying out its partner Comcast. After being trapped in this negotiation for so long, its in no hurry to get caught in another.
As for Fox and Warner Brothers, this deal is a new way of monetizing their content without relying on the typical distribution service. But for Fox, its particularly important since it currently does not have a subscription-based streaming service. The timing of this joint venture could also indicate this app is a direct response to competition from other streaming services branching into sports.
For example, Apple TV Plus signed a $85 million seven-year deal with the MLB for rights to a slice of the baseball season in 2022. Comcast’s Peacock also acquired exclusive rights to some NFL games this season, including a highly anticipated NFL playoff game between the Kansas City Chiefs and the Miami Dolphins. This game set a record for the most-watched event on a streaming service after drawing 23 million viewers.
If successful, this joint venture could be extremely lucrative for the three companies since sports content is the most expensive content due to its high licensing fees. For example, ESPN is currently negotiating NBA media rights, hoping to extend them into the 2030s.
But, ESPN might walk away from the deal because the NBA is seeking a combined $50 – $75 billion for its next long-term cycle of media rights. That is double or triple the payout from its current nine-year deals which pay a combined $24 billion or $2.6 billion a year.
By breaking sports away from the cable bundle so that it can stand on its own, the companies will now be able to pass these costs onto consumers. Because of this, it seems likely that the subscription fee for this streaming service will be more expensive than typical streaming services.
Risks Facing the Triumvirate
The three companies said that the new joint venture will be in addition to their existing sports offerings, but there’s a risk that the new app could eventually canabilize these services. In other words, the new app might succeed in attracting viewers – detracting from the other sports offerings. However, the companies don’t appear too concerned with this since their main focus when it comes to streaming profitability is on the entertainment side.
On the other hand, there is also the risk that viewers will not subscribe since they have access to this content through the companies’ other platforms and even through competitors’ platforms like NBC and CBS. Therefore, from a customer’s point of view, the partnership may not solve the issue of fragmented sports media, potentially affecting its subscriber base.
There’s also the fact that the three companies are still rivals at the end of the day, which could create conflict over issues like control, the subscription fee, and how to manage the platform. Even though the companies announced that the joint venture would have an independent management team – internal friction could still be a concern.
Besides these risks, a major issue outside of their control is the possibility that regulators will block the deal since one JV owning roughly 55% of all US sports rights could fuel fears of a monopoly.
Impact on FOXA Stock & Others
Overall, this shift towards sports streaming could be very useful for media companies, especially since their studio businesses suffered last year due to Hollywood strikes. Looking at the last 12 months, FOXA stock is down 17.5% while WBD stock has shown the worst performance of the three – slumping 35%. Comparitively, DIS stock is up roughly 4.6%.
Controlling the majority of all US sports rights could help these three companies overcome 2024 box office projections which have dipped to $8 billion from $9 billion the year prior. In light of these troubles at the box office, the new app could be an important catalyst for the growth of these companies and the streaming industry as a whole.
FOX Stock Chart Fibonacci Analysis 013124 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 30/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Polygon Labs Partners with Fox for Verify InitiativePolygon Labs partners with Fox to launch Verify, a tool for authenticating media content origin amid AI challenges.
Polygon Labs, in collaboration with Fox, announced the launch of a groundbreaking technology platform, Verify, on January 9. This innovative tool is designed to authenticate the origin of media content, a significant step forward in an era increasingly dominated by AI-generated material. Verify aims to enable users to confidently determine the true source of articles and images, ensuring that content attributed to a particular publisher indeed originates from them.
Polygons Verify Tackles Media Citation Issues
The rapid proliferation of AI-generated text and images has presented a significant challenge to the integrity of online content. Verify emerges as a solution to this growing concern, allowing users to distinguish between authentic and AI-generated content. This technology does not evaluate the truthfulness of the content but focuses on verifying its origin. The platform’s introduction directly responds to the challenges faced by media organizations and others dealing with citation or copyright issues in the AI era.
Polygon’s initiative with Fox is particularly timely, considering the legal challenges various media entities face. Fox News, part of Fox Corporation, is currently embroiled in a lawsuit with Smartmatic regarding false narratives circulated about the 2020 US Presidential Election. Similarly, Dominion Voting Systems settled a lawsuit with Fox for $787 million. These cases highlight the complexities and legal entanglements of disseminating unverified or false content.
Legal Landscape and Industry Response
The legal landscape surrounding AI-generated content has become increasingly complex. The New York Times filed a lawsuit against OpenAI and Microsoft in December, accusing them of using its content without authorization to train AI chatbots. This groundbreaking case reflects the broader challenges media organizations face in adapting to the surge of AI-generated content.
In 2023, using AI tools in content creation led to significant industry upheaval, with the Writers Guild of America and the Screen Actors Guild – American Federation of Television and Radio Artists going on strike. The strike highlighted the growing concerns over the use of AI in the media and entertainment industries, underscoring the need for tools like Verify to establish clear boundaries and origins of content.
FOXA (Fox Corporation) Buy TF M30 TP = 32.52 On the M30 chart the trend started on Sept. 8 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 32.52
But we should not forget about SL = 30.76
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
FOXAA good opportunity to long position and get a good profit from the attractive American stock market
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FOXA Long Resault: 20.65% Profit✅good opportunity to long position and get a good profit from the attractive American stock market
Stay with me to get more analysis after following me by sharing with friends and leaving a comment.
According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?