The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022.
Gabby Jones | Bloomberg | Getty Images
Walt Disney‘s ESPN, Fox and Warner Bros. Discovery plan to launch a joint sports streaming service this fall, sources told CNBC on Tuesday.
The platform does not yet have a name or a price.
The competitors expect to form the joint service at a time when the value of sports media rights is spiking, but viewers have moved away from watching on traditional cable.
Disney, in particular, has suffered from a shift away from its ESPN network, and sought new ways to revive the business.
This is breaking news. Please check back for updates.
This article was originally published by Cnbc.com. Read the original article here.