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"Now Streaming" is The Fly's weekly recap of the stories surrounding the biggest content streamers.ROKU/FOX:Earlier this week, Fox Corporationand Rokuannounced they have entered into a definitive agreement under which FOX will acquire Roku for $160.00 per share in a combination of cash and FOX Class A common stock, valuing Roku at approximately $22B in enterprise value. The transaction combines FOX's sports, news and entertainment content and the Tubi service, with Roku's connected TV platform, The Roku Channel, first-party data and direct relationship with more than 100M global streaming households. The transaction is expected to close in the first half of calendar year 2027. Meanwhile, Semafor's Rohan Goswami reported that Netflixlost the bidding war for Roku.NETFLIX/LIONSGATE:On Tuesday, Semafor also reported that Netflix is also one of a number of media companies interested in buying Lionsgate Studios, but the company has not put in a formal indication of interest, according to a person familiar with the matter. Meanwhile, The Wrap's Lucas Manfredi reported that Netflix has no plans to pursue a takeover of Lionsgate Studios. Additionally, the Semafor report said that Netflix dropped plans to acquire Roku, which agreed to be acquired by Fox, but a spokesperson for the streaming giant said it "did not make a bid," according to The Wrap.DOJ APPROVES PARAMOUNT-WARNER BROS. DEAL:The Antitrust Division of the U.S. Department of Justice released a statement earlier this week in connection with the closing of the Division's investigation into the proposed acquisition of Warner Bros. Discoveryby Paramount Skydance, giving approval to the deal. The DODJ determined that the proposed acquisition is "not likely to harm competition" for linear television or film production, nor does it raise serious antitrust labor concerns.Following the news, the Wall Street Journal reportetd that thte DOJ ended its review of the deal before career antitrust staffers completed their investigation or issued a formal recommendation, Dave Michaels, Dana Mattioli, according to people familiar with the matter. The team of lawyers reviewing the transaction had spent months examining the deal and was reportedly leaning toward recommending a legal challenge, arguing that a combination of the two studios could reduce competition and violate antitrust laws. However, the staff had not yet reached a final conclusion when they were informed Friday that the department would close the investigation.Meanwhile, Chinese regulators have cleared the proposed merger, Dawn Chmielewski of Reuters reported, citing a source familiar with the matter.NETFLIX/IHEARTMEDIA:iHeartMediaand Netflix announced the next phase of their exclusive video podcast partnership with the addition of a new collection of iHeartPodcasts from some of today's most influential and culturally resonant voices, including Kate Hudson and Oliver Hudson, Lele Pons and Martha Stewart launching as video shows on the streaming service. The agreement includes all new episodes from the podcast lineup, as well as select library episodes from each show. The shows now joining the existing lineup on Netflix include the new "Suite 305 with Lele Pons" hosted by fan-favorite Latin multihyphenate and social media star Lele Pons who is joined by Shakira in the first episode; "The Martha Stewart Podcast" featuring fascinating conversations between the culinary and culture icon and her extraordinary guests; and "Sibling Revelry with Kate Hudson and Oliver Hudson," an insightful, hilarious and often poignant show from a famous brother and sister duo going deep into all topics with other siblings.AMC NETWORKS CFO:AMC Global Mediaannounced Hozefa Lokhandwala has joined the company as CFO, effective immediately. Lokhandwala joins AMC Global Media with more than two decades of financial leadership experience across media, corporate strategy and investment banking. He will be based in New York and will report to AMC Global Media's CEO Kristin Dolan. Lokhandwala most recently served as an independent director for MSG Networks. Lokhandwala succeeds Patrick O'Connell, the company's former CFO who stepped down in March as part of a planned departure announced in January.FUBO/BIG3:FuboTVand BIG announced an agreement to stream the league's 2026 season live on Fubo Sports Network, Fubo's FAST (free ad-supported streaming TV) channel. Beginning June 20, Fubo Sports Network will stream 16 live games for the duration of Season 9, with two games each week. Through the agreement, Fubo Sports Network will also be home to BIG3's library of over 100 archived game telecasts from Seasons 6 through 8.STOCK PLAYS:Other publicly traded companies in the space include Disney, Comcast, Amazon, and Apple.

Comcast's Xfinity announced the rollout of same-day WiFi equipment delivery for new Xfinity Internet customers in 20 markets, with plans to roll out to the entire Xfinity footprint by early 2027. And all customers can opt to pick up their WiFi equipment in-store the same-day they sign up. "With this news, Xfinity becomes the first wired major Internet provider to offer same-day WiFi connectivity, redefining how quickly customers can get connected and up and running at home," the company said.

"Now Streaming" is The Fly's weekly recap of the stories surrounding the biggest content streamers.PLAYING THIS WEEKEND:Among this weekend's most notable new streaming content is Netflixromantic drama series "Sweet Magnolias," starring JoAnna Garcia Swisher, Brooke Elliott, and Heather Headley. Meanwhile, Amazon Prime Videosubscribers can catch romantic drama series "Every Year After," based on the book by Carley Fortune.PARAMOUNT/WARNER BROS.:California, New York, as well as other U.S. states are preparing to file a lawsuit to block Paramount Skydance'sacquisition of Warner Bros. Discovery, Jody Godoy of Reuters reported this past weekend, citing sources familiar with the matter. The lawsuit is expected to be filed within the next few weeks, and it is not yet clear which other states will join the lawsuit, the sources added. Meanwhile, Paramount Skydance has privately told the office California Attorney General Rob Bonta that the company is willing to address the state's concerns and has submitted a list of concessions it's willing to make to resolve an antitrust investigation by California and other states into the deal, people familiar with the matter told Bloomberg's Josh Sisco and Leah Nylen.Internationally, the U.K.'s Competition and Markets Authority said this week that it has opened an investigation into the proposed transaction. "The Competition and Markets Authority hereby gives notice pursuant to section 96(2A) of the Enterprise Act 2002 that the merger notice provided by Paramount Skydance Corporation in relation to the anticipated acquisition by Paramount of Warner Bros. Discovery, Inc. meets the requirements of section 96(2) of the Act," the CMA said. "The initial period defined in section 34ZA(3) of the Act in relation to the Transaction will therefore commence on the first working day after the date of this notice, ie on 10 June 2026. The deadline for the CMA to announce its decision whether to refer the Merger for a phase 2 investigation is therefore 7 August 2026." Meanwhile, the Australian Competition and Consumer Commission published its decision that the merger may be consummated, subject to expiration of a 14-calendar day waiting period.FOX/NFL:Fox Corporationand the NFL announced a new multi-year agreement to bring football to FOX platforms in Mexico. Starting with the 2026 season, viewers in Mexico will be able to experience NFL content including live games, together with original production and specialized content designed to accompany them throughout the entire season. In addition to live games, FOX will complement its coverage with four weekly original programs dedicated to the NFL, developed especially to connect with fans in Mexico, including two editions of a fantasy football-focused show every week. These series will seek to expand the conversation around the League with analysis, entertainment, current events and formats created to accompany Mexican audiences beyond gameday.NETFLIX CHAIRMAN:According to a regulatory filing, on May 29, 2026, the Board of Directors of Netflix appointed Jay Hoag to serve as the Chairman of the Board, effective as of the conclusion of the Annual Meeting. Hoag previously served as the Board's Lead Independent Director since 2012 and currently serves as the chair of the Nominating and Governance Committee. The Board determined it will no longer need a separate Lead Independent Director, as Hoag is an independent director under the applicable rules of the Securities and Exchange Commission and the listing standards of the Nasdaq Stock Market.FUBO/NBCU:FuboTVannounced a distribution agreement with NBCUniversal. Starting Wednesday, Fubo customers can stream NBCUniversal's Spanish-language networks, Telemundo and Universo, with NBCU's English-language networks, including the new NBC Sports Network, regional sports networks and new FAST channels, to launch in the coming weeks. "We're thrilled to announce the return of NBCUniversal networks to Fubo, given their robust portfolio of top-tier sports, entertainment and news," said Todd Mathers, executive vice president, content strategy and acquisition, Fubo. "Our agreement with NBCUniversal underscores Fubo's promise to bring consumers more programming, value and choice through multiple packaging options."COMCAST INITIATION:On Friday, Freedom Broker initiated coverage of Comcast with a Hold rating and $29 price target. Comcast remains the largest U.S. broadband provider, the analyst tells investors in a research note. The firm says a broadband pricing reset will pressure the company's near-term average revenue per use and EBITDA but could stabilize churn and rebuild lifetime value over 12 - 18 months. The firm believes Comcast's "strong assets are offset by limited earnings visibility."ROKU PRICE TARGETS:This week, Guggenheim raised the firm's price target on Rokuto $145 from $140 and maintained a Buy rating on the shares. The firm believes consensus estimates implying 2026 as the peak Platform revenue growth year underappreciate the runway of multiple initiatives that remain in early stages, the analyst tells investors.Meanwhile, Evercore ISI raised the firm's price target on Roku to $185 from $160 and kept an Outperform rating on the shares. Roku is poised for notable growth with the rollout of its new home screen, which is expected to significantly enhance advertising opportunities, the analyst tells investors. The firm cites a "substantial" 17% increase in its FY27 EBITDA estimate to a "Street-high" of $1.01B for its increased price target.STOCK PLAYS:Other publicly traded companies in the space include Disney, Apple, and AMC Networks.