ESPN, Fox and Warner Bros. Discovery to form joint venture sports streaming service

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Three of the biggest sports TV companies in the U.S. are creating a joint streaming venture with all of their linear sports TV content, the firms announced Tuesday.

Why it matters: The new service is intended to help the three companies, which will each own one-third of the new venture, reach sports fans that are ditching pricey cable bundles.

Details: The new, standalone subscription streaming service will house an unprecedented amount of live sports content from sports networks across all three companies.

• It will include games from the NFL, MLB, NHL, NBA, the major college sports divisions and more.
• It will also include live sports content from ESPN+, the companies said in a statement.

Between the lines: The joint venture has been agreed to on principal terms by all three firms, which have all independently evaluated the opportunity for any regulatory concerns.

Editor's note: This story is developing and will be updated.

https://www.axios.com/2024/02/06/espn-fox-warner-bros-discovery-sports-streaming

 

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