FOX vs Sky

Fox Corporation Reports First Quarter Fiscal 2027 Financial Results

Fox Corporation announced its first quarter fiscal 2027 financial results on November 2, 2026.

8-K Financial Filing Analysis for FOX (2026-10-20)

Fox Corporation announced that Chief Legal and Policy Officer Adam Ciongoli will step down effective December 1, 2026, transitioning to a special advisory role for an 18-month term with an annual consulting fee of $1.75 million. In connection with his departure, Ciongoli entered into a separation agreement providing severance, COBRA coverage, and a cash payment of $12,595,784 in exchange for the cancellation of his outstanding equity awards. Nicholas Trutanich, currently Executive Vice President and Deputy General Counsel, has been appointed General Counsel effective December 1, 2026, receiving an annual base salary of $1.4 million, a target annual bonus of $1.4 million, and an annual long-term incentive target of $2.2 million.

• Adam Ciongoli steps down as Chief Legal and Policy Officer effective December 1, 2026, receiving an equity cash-out of $12,595,784 and an 18-month advisory contract paying $1,750,000 annually ($145,833.33/month).
• Nicholas Trutanich is promoted to General Counsel effective December 1, 2026, with a base salary of $1,400,000, target bonus of $1,400,000, and annual target equity award of $2,200,000.

Glee Reboot Coming to Disney+ and Hulu

Ryan Murphy's Fox series 'Glee' is getting a reboot, which will be available on Disney+ and Hulu. The announcement was made via an Instagram post on Wednesday, simply stating 'it's official Glee is returning.' No details were provided regarding a premiere date or how the new series will connect with the original. The original series ran for six seasons on Fox, starting in 2009. Ryan Murphy confirmed he has already written a script with Brad Falchuk and Ian Brennan, and has spoken to some cast members. According to Variety, Lea Michele will reprise her role as Rachel Berry, and Heather Morris has indicated her character Brittany S. Pierce will also return.

• A Glee reboot is coming to Disney+ and Hulu.
• The announcement was made via an Instagram post on Wednesday.
• No premiere date or plot details have been announced.

RTL Series 'Disko 76' Now Coming to Sky and Wow

Following the Sky acquisition, RTL Deutschland continues to monetize its content across the expanded platform. The six-part series 'Disko 76', which originally premiered on RTL+ in spring 2024, will be available on Sky and Wow from November 1, 2026. It will also air linearly on Sky Atlantic in primetime starting November 17. Produced by UFA Fiction, the series initially had modest viewership on free-TV channels Nitro and RTL Up. Despite lukewarm reception, it is aimed at Sky subscribers who may have missed it. The move is part of RTL's strategy to leverage synergies within the Bertelsmann group, following the takeover of Sky.

• RTL Deutschland will make the series 'Disko 76' available on Sky and Wow starting November 1, 2026.
• The linear broadcast on Sky Atlantic is scheduled for November 17, 2026, in primetime.
• The six-part series 'Disko 76' premiered on RTL+ in spring 2024.

Peacock's Profitability Boosts NBCU Ahead of Comcast Spin-Off

Comcast's Q3 2026 earnings show its media division, soon to be spun off with NBCUniversal and Sky, generated $5.4 billion in revenue, up 13% year-over-year. Peacock delivered its second consecutive profitable quarter with $261 million in pre-tax income, a $478 million improvement from a $217 million loss last year. Peacock's paid subscribers grew 17% to 48 million, contributing to a 22.4% increase in domestic distribution revenue to $2.1 billion. Domestic advertising revenue for the media arm rose 14.6% to $1.8 billion, boosted by $224 million in incremental World Cup revenue from Telemundo. Comcast's total revenue was $29.3 billion, down 6.1% year-over-year, but up 0.5% excluding spin-off costs. The spin-off of NBCU and Sky is on track for mid-2026, with Christopher Halpin appointed as NBCU's CFO. Comcast remains focused on Peacock's growth, bundling with YouTube Premium, and leveraging live sports for advertising.

• Comcast's media division generated $5.4 billion in Q3 revenue, up 13% year-over-year.
• Peacock delivered its second consecutive profitable quarter with $261 million in pre-tax revenue, a $478 million year-over-year improvement.
• Peacock's paid subscribers increased 17% to 48 million in Q3 2026.

Comcast Plans Major Layoffs Ahead of NBCUniversal Spin-Off

Comcast has initiated a major round of layoffs across its cable, broadband, and wireless operations as part of a restructuring ahead of the planned spin-off of NBCUniversal and Sky. The company has confirmed nearly 1,000 initial job cuts, including 159 in Washington state, 634 at Philadelphia headquarters, and 119 in New Jersey, with more expected. These reductions are part of an organizational redesign to enhance agility and competitiveness, aligning with a previously announced plan to incur over $1 billion in restructuring charges in Q4 2026. The spin-off, targeted for mid-2027, aims to create a standalone connectivity-focused entity. Comcast plans to create over 1,100 new positions and assist affected employees with internal placements.

• Comcast begins layoffs across cable, broadband, and wireless operations, with nearly 1,000 documented cuts (159 in Washington, 634 in Philadelphia, 119 in New Jersey).
• Restructuring charge expected to exceed $1 billion in Q4 2026.
• NBCUniversal and Sky spin-off targeted for mid-2027.