ESPN, Fox and Warner Bros. Discovery to launch joint sports streaming platform this year

The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022.
Gabby Jones | Bloomberg | Getty Images

Walt Disney‘s ESPN, Fox and Warner Bros. Discovery plan to launch a joint sports streaming service this fall, sources told CNBC on Tuesday.

The platform does not yet have a name or a price.

The competitors expect to form the joint service at a time when the value of sports media rights is spiking, but viewers have moved away from watching on traditional cable.

Disney, in particular, has suffered from a shift away from its ESPN network, and sought new ways to revive the business.

This is breaking news. Please check back for updates.

Articles You May Like

SolarEdge tumbles on weak first-quarter guidance
Home Depot beats earnings, sales estimates even as consumers take on smaller home improvement projects
Capital One’s acquisition has $1.4 billion breakup fee if rival bid emerges, but none if regulators kill deal
After student loan forgiveness, the Education Dept. is sending some borrowers refunds. What to know
Here’s how to avoid unexpected fees with payment apps

Leave a Reply

Your email address will not be published. Required fields are marked *