Disney, Fox and Warner Bros. Discovery announced on Tuesday that they would join together and sell access to all of the sports content through a new streaming service. Set to launch in the fall, many details, such as price or who would run the service, remain unknown.
Media companies realize that younger individuals no longer subscribe to cable, while their best customers are also their most mature. This has led to a decrease in cable or satellite television subscriptions, from 100 million households to around 70 million.
The streaming service will include 14 of the companies’ sports channels, along with the ESPN+ streaming service, and will be priced higher than the average streaming company charge, while potentially less than a traditional television package. The service will offer a mix of live channels and on-demand content.
Notably, Disney, Fox and Warner Bros. Discovery will not have the exclusive rights the content they offer; smaller companies such as NBC, CBS, and Amazon have their own independent sports content.
The service will not be the sole source of watching sports; individuals will still need a pay television package or various streaming services to access all sports content. However, for those that want a cheaper option, the joint venture offers a new angle in watching television.