"Major Media Players Unite for Sports Streaming Venture in Streaming Wars"

TL;DR Summary
Fox Corp CEO Lachlan Murdoch is confident that the new sports streaming venture with Disney and Warner Bros. Discovery will attract "tens of millions" of cord-nevers without undermining the traditional pay-TV bundle. The non-exclusive programming licenses will bring 14 linear networks into a package that can be bundled with Max, Hulu, and ESPN+. Murdoch assured analysts that the streaming service would be "unique and innovative" and emphasized that the new venture will not significantly affect pay-TV affiliate partners.
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