Fox, ESPN, WBD to launch sports streaming platform together
02/07/2024 06:18
Fox (FOX, FOXA), Warner Bros. Discovery (WBD), and ESPN — a subsidiary of Disney (DIS) —will be forming a joint media venture together to mainline sports streaming content. Wall Street Journal Disney Reporter Robbie Whalen, whose outlet originally reported on the news, comments on the opportunities this may provide these media giants if this deal goes through. "People aren't subscribing to pricey cable bundles as much so you have to offer them sports content and other live content on streaming services," Whalen tells Yahoo Finance. "And the problem there on sports specifically is that rights to broadcast sporting competitions have gotten incredibly expensive in recent years." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Fox (FOX, FOXA), Warner Bros. Discovery (WBD), and ESPN — a subsidiary of Disney (DIS) —will be forming a joint media venture together to mainline sports streaming content. Wall Street Journal Disney Reporter Robbie Whalen, whose outlet originally reported on the news, comments on the opportunities this may provide these media giants if this deal goes through.
"People aren't subscribing to pricey cable bundles as much so you have to offer them sports content and other live content on streaming services," Whalen tells Yahoo Finance. "And the problem there on sports specifically is that rights to broadcast sporting competitions have gotten incredibly expensive in recent years."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.