Fox Buys Roku for $22B & The UK Bans Social Media for Kids

**SPEAKER_1** (0:01)
AI is unchartered territory, and many leaders are trying to navigate through without a guide to help them. That's why Morning Brew created The Intelligence Shift, a new podcast with PWC. It's all about how AI is fundamentally changing different industries. Host Dan Priest is joined by a top tier roster of industry leaders who share real stories and real lessons learned. Get guidance from industry experts. Listen to The Intelligence Shift wherever you get your podcasts.

**Neal Freyman** (0:31)
Good Morning Brew Daily Show. I'm Neal Freyman.

**Toby Howell** (0:34)
And I'm Toby Howell.

**Neal Freyman** (0:35)
Today, Harry Potter and Matilda don't even think about opening up Instagram. The UK is banning social media for kids.

**Toby Howell** (0:42)
Then Fox is buying Roku for $22 billion.
It's Tuesday, June 16th. Let's ride.

**Neal Freyman** (0:58)
If you wanted to capture the essence of the United States of 2026 in an object, what would you choose? That was the question facing the America 250 Commission, which yesterday revealed the contents of a 900-pound time capsule that will be buried on July 4th and dug up 250 years later in the year 2276 The commission asked for help by requesting keepsakes from all 50 states, five territories, and three branches of government, and everyone took it in a different direction. Maine submitted a bone from an endangered whale, Georgia sent in a painting of the Masters logo, and California offered a prediction by a chatbot of what the state would look like 250 years from now.
Maryland initially tried to submit Old Bay Seasoning, naturally, but that was rejected because it could degrade over time.

**Toby Howell** (1:43)
Yeah, I'm actually less interested about what's inside than in how you keep what's inside preserved for 250 years because it's an engineering problem. The AP described how engineers plan to keep things safe. Water is the enemy. Time capsules typically fail because water gets inside and destroys everything that you so painstakingly curated. This time capsule is stainless steel. They chose a cylinder instead of a box because corners and edges are more likely to crack over long periods of time. They also sealed the contents inside at a 35% relative humidity, which is moist enough that the paper contents won't dry out, but it's dry enough to avoid moisture damage. Plus they also buried it 10 feet underground, which protects it from temperature and weather swings. The quote from the engineer who designed the capsule, Philadelphia would have to be six feet underwater in order for this time capsule to even possibly take on water. So looks like everything is in good hands.

**Neal Freyman** (2:38)
I think they should just go visit my parents' basement to learn how people accumulate things over time and nothing even seems to go anywhere. It seems to stay there for a decade. So maybe they should just go and take notes.

**Toby Howell** (2:48)
And now a word from our sponsor, Service Now. Neal, AI was supposed to handle the parts of the job I hate. Instead, it just describes them, suggests what to do about them, and then leaves me to do it.

**Neal Freyman** (3:00)
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**Toby Howell** (3:13)
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**Neal Freyman** (3:22)
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**Toby Howell** (3:29)
Fox is moving deeper into your living room and making itself comfortable. The media empire spent $22 billion to buy the connected streaming giant Roku yesterday, giving it a major foothold in the streaming industry. Fox is mostly sat on the sidelines for the streaming wars, focusing instead on selling ads for live sports and news. It did dip a toe into the streaming wars back in 2020 when it acquired Toby, but its Fox One app launched last year has yet to attract a big subscriber base. But Roku is a major player reaching over 100 million households globally. It also occupies a unique position within the streaming landscape. When you buy a Roku, you can load it up with other streaming services like Netflix, Hulu Prime. So if you're any one of those companies, you have to play nice with Roku.
Analysts describe it as a TV gatekeeper who gets a little sugar whenever you sign up for another service through its platform. But investors in both companies aren't necessarily a fan of the team up. Fox hasn't really needed streaming up until this point, since its sports and news divisions are money making machines. So why bring in Roku, which has struggled to turn a profit consistently, just to try and make a late play for streaming relevance? Neal, Fox's stock finished the day down 15% and Roku down 2%.