Fox Corp., ESPN and Warner Bros. Discovery are creating a joint streaming platform to share sports assets, a move that comes as the price of sports rights is dramatically increasing.
The service will be available as a standalone app, according to people familiar with the matter. Subscribers of the companies’ streaming platforms, including Disney+, Hulu and Max, will have the ability to subscribe to it as part of a bundle, they said.
The as-yet unnamed platform is essentially a sport-streaming bundle, said one person with knowledge of the plans. It is expected to launch later this year.
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