Fox Corp. hired Pete Distad, formerly head of Venu Sports, as CEO of the company's direct-to-consumer streaming division.

Fox has tapped Peter Distad as CEO of its recently announced direct-to-consumer streaming platform. Distad, who served as an executive at Apple for a decade following six years at Hulu, transitions to Fox from his most recent role as CEO of recently defunct joint venture Venu Sports.

Fox Corp on Thursday named former Apple TV+ executive Pete Distad as the CEO of its upcoming subscription streaming platform, which will take on the likes of Netflix and Disney+.

Former Venu CEO Pete Distad will lead Fox’s new direct-to-consumer streaming platform.

Investing.com -- Fox Corp (NASDAQ: FOXA) CEO Lachlan Murdoch recently discussed the company’s plans for a new streaming service during the Morgan Stanley (NYSE: MS) Technology, Media, & Telecom (BCBA: TECO2m) Conference. The upcoming service will be led by Pete Distad, a former executive of Apple TV+ (NASDAQ: AAPL ).

The former chief executive of Venu Sports will assume the same role at Fox’s upcoming streamer. Who says familiarity breeds contempt? For Fox, it’s just the opposite. The company is actively working on launching a new direct-to-consumer (DTC) streaming service,

Other former Venu Sports workers are shifting over to the new direct-to-consumer project at Fox, with announcements expected in the coming weeks. This article, Pete Distad moves from Venu Sports project to Fox,