WBD - Disney Fox Warner Bros Combine Forces For New Sports Streaming Venture | Benzinga
Shares of several large media companies are moving after the close on Tuesday following a joint venture deal between multiple media giants.
What To Know: ESPN, a subsidiary of Walt Disney Co (NYSE:DIS), Warner Bros. Discovery Inc (NASDAQ:WBD) and Fox Corp (NASDAQ:FOX)(NASDAQ:FOXA) have reached an agreement to launch a joint sports streaming service in the fall.
The trio of media giants reached an understanding on principal terms to form a new joint venture to build an innovative new platform for streaming sports. The new platform will be made available directly to consumers through a ...