A joint sports streaming service is in the works, to be launched later this year by Warner Bros. Discovery, Fox, and Disney’s ESPN. This collaboration will result in a new platform that promises to offer sports fans a wide range of content. Each of the three companies will have an equal stake in the venture, which currently has no name or price. Subscribers will have the option to sign up through a standalone app or as part of a bundle with other streaming services offered by the three companies, such as Max, Hulu, and Disney+.
Following the announcement of this joint venture, the stock markets responded differently for each company involved. While Disney’s stock took a slight dip of about 1%, Fox and Warner Bros. Discovery saw an increase of 6% and 3% in their respective stock prices. This indicates a positive outlook for the joint sports streaming service, suggesting that investors are optimistic about the potential success and impact of this collaboration on the streaming industry.
The announcement of this partnership between Warner Bros. Discovery, Fox, and Disney’s ESPN signals a significant shift in the sports streaming landscape. By combining their resources and expertise in content creation and delivery, the companies are poised to offer a comprehensive and appealing sports streaming service to consumers. This move is likely to shake up the competition and raise the bar for other streaming platforms, as they strive to keep up with the innovative approach of this new joint venture.