Disney, Fox, and Warner Bros. Come Together for Venu Sports Streaming Venture

Venu Sports, the joint venture from Disney, Fox and Warner Bros. Discovery, is set to launch in the U.S. this fall despite facing a legal challenge from pay-TV company Fubo and resistance from some areas of the industry and federal government. The service aims to be a new streaming home for sports fans outside of the traditional pay-TV ecosystem by offering an extensive collection of live sports all in one place. CEO Pete Distad stated that they are using the latest technologies to engage and entertain discerning sports fans seeking one-stop access to live games.

The service will aggregate linear feeds from 14 sports-centric networks and certain direct-to-consumer services. While pricing has not yet been announced, it is predicted by most Wall Street analysts and industry observers to cost at least $40 a month. The venture does not include NBCUniversal and Paramount Global, and there are no plans to add additional stakeholders in the near future. According to Fox CEO Lachlan Murdoch, Venu Sports is projected to attract about 5 million subscribers in five years, suggesting that it will likely be a complement to the pay-TV bundle rather than a major threat. However, its commercial availability depends on regulatory approval and finalization of agreements among parties.

By Sophia Gonzalez

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