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ESPN, Fox and Warner Bros. Discovery to launch joint sports streaming platform this year - TL;DR CNBC

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

Publishing timestamp: 2024-02-06 21:36:48


Summary

ESPN, Fox, and Warner Bros. Discovery are planning to launch a joint sports streaming service later this year. The platform, owned by a newly formed company, will offer a skinnier bundle of linear networks specifically tailored for sports fans. The service will include all broadcast and cable networks owned by Disney, Fox, and Warner Bros. Discovery that carry sports, along with ESPN+. The pricing for the service has not yet been determined, but it is expected to be higher than $30 per month. The long-term goal is to make the platform the home base for sports programming. The launch of this service will not affect ESPN's plans to offer a full direct-to-consumer streaming product in the future. NBCUniversal and Paramount Global were not approached to be part of the joint venture.


Sentiment: NEUTRAL

Tickers: DIS,  PARA,  FOXA,  CMCSA,  FOX,  WBD, 

Keywords: streaming services,  sports,  walt disney co,  paramount global,  warner bros discovery inc,  fox corp. class b,  fox corp. class a,  business news,  breaking news: business,  comcast corp, 

Source: https://www.cnbc.com/2024/02/06/espn-fox-and-warner-bros-discovery-to-launch-joint-sports-streaming-platform-this-year.html


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