2024-02-08 06:41:15 ET
Summary
- Disney, Warner Bros. Discovery, and Fox are launching a joint sports streaming service.
- The new service will help lower costs for the three companies and increase profitability.
- However, the service is unlikely to succeed due to continued competition between the three companies and potential cannibalization of the cable business.
The Walt Disney Company ( DIS ), Warner Bros. Discovery Inc. ( WBD ), and Fox Corporation ( FOXA ) announced that they are taking their sports content and bundling it into a new sports-streaming service ....
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Disney, Warner Bros. Discovery, Fox New Sports-Streaming Service Unlikely To Move The Needle