ESPN, Fox and Warner Bros. Discovery will launch a joint streaming platform in the US.

The subsidiary of The Walt Disney Company, ESPN, Fox y Warner Bros. Discovery have reached an agreement to create a joint venture to develop an innovative new platform to host a sports streaming service.

The platform brings together the companies' sports network portfolios, select direct-to-consumer (DTC) sports services, including content from major professional sports leagues and college sports. The creation of the payment service is subject to the negotiation of definitive agreements between the parties.

The offer, whose launch is planned for fall 2024, would be made directly available to consumers through a new application. Subscribers would also have the possibility of combining the product with Disney+, Hulu and/or Max.

The platform will aggregate content to offer fans a broad and dynamic lineup of sports content, with the goal of providing a new and differentiated experience to serve sports fans, particularly those outside the traditional pay-TV package.

By subscribing to this service, fans would have access to the linear sports chains ESPN, ESPN2, ESPNU, SECN, ACCN, ESPNEWS, ABC, Fox, FS1, FS2, BTN, TNT, TBS, truTV, as well as ESPN+.

Each company participating in the joint venture will have equal representation on the board of directors and will license its sports content to the joint venture on a non-exclusive basis.

Bob Iger, CEO of The Walt Disney Company, said: "The launch of this new sports streaming service is a significant moment for Disney and ESPN, a huge victory for sports fans and a significant step forward for the media business. This means that ESPN's full suite of channels will be available to consumers alongside sports programming from other industry leaders as part of a differentiated sports-focused service. I am very grateful to Jimmy Pitaro and the team at ESPN, who are at the forefront of innovation. on behalf of consumers to create new offerings with more options and greater value.”

Lachlan Murdoch, Executive Chairman and CEO of FOX, said: "We are excited to bring the FOX Sports portfolio to this exciting new platform. We believe the service will provide passionate fans outside the traditional package with an array of amazing sports content in one place."

Finally, David Zaslav, CEO of Warner Bros. Discovery, emphasizes that "at WBD, our ambition is always to connect our leading content and brands with the widest possible audience, and this exciting joint venture and the unparalleled combination of branded sports rights and access to the world's biggest sporting events allow us to do just that. This new sports service exemplifies our ability as an industry to drive innovation and offer consumers more choice, enjoyment and value, and we are delighted to offer it to sports fans."