ESPN, FOX and Warner Bros. Discovery Forming Joint Venture to Launch Streaming Sports Service in the U.S.
- Will Bring Together Sports Linear Networks and Direct-to-Consumer Service ESPN+
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Offering to include
NFL , NBA,WNBA , MLB, NHL,NASCAR ,College Sports , UFC, PGA TOUR Golf, Grand Slam Tennis, the FIFA World Cup, Cycling and Much More - The Service will be offered through a New Standalone App, Built from the Ground Up, for the Passionate Sports Fan
The platform would aggregate content to offer fans an extensive, dynamic lineup of sports content, aiming to provide a new and differentiated experience to serve sports fans, particularly those outside of the traditional pay TV bundle.
By subscribing to this focused, all-in-one premier sports service, fans would have access to the linear sports networks including
Key Highlights:
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ESPN ,FOX andWarner Bros. Discovery would form a new joint venture to develop, launch and operate a streaming sports bundle of linear networks and certain DTC sports content and services. - Each entity would own one-third of the JV, have equal board representation and license their sports content to the joint venture on a non-exclusive basis.
- The service would have a new brand with an independent management team.
More details, including pricing, will be announced at a later date.
The new service will showcase thousands of high-profile sporting events including:
PRO FOOTBALL |
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BASKETBALL |
NBA | |
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BASEBALL |
MLB |
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HOCKEY |
NHL |
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COLLEGE SPORTS |
Thousands of games and events, multiple sports, across nearly two dozen conferences, including:
ACC, Big 10, Big 12, Big East,
The College Football Playoff |
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GOLF |
PGA Tour | PGA Championship | The Masters | TGL |
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GRAND SLAM TENNIS |
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CYCLING |
Giro d’Italia | UCI Mountain Bike World Cup | Giro Donne |
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SOCCER |
FIFA World Cup |
NWSL | MLS | LALIGA | Bundesliga | |
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COMBAT SPORTS |
UFC | Top Rank |
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AUTO |
Formula 1 | |
FORWARD-LOOKING STATEMENTS
The terms “Company,” “we,” and “our” are used below to refer collectively to
Certain statements and information in this communication may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s expectations, beliefs, plans, strategies, business or financial prospects or outlook, the consummation of the joint venture, trends, drivers of demand, products or service offerings (including nature, timing and pricing), consumer sentiment or priorities; and other statements that are not historical in nature. These statements are made on the basis of the Company’s views and assumptions regarding future events and business performance and plans as of the time the statements are made. The Company does not undertake any obligation to update these statements unless required by applicable laws or regulations, and you should not place undue reliance on forward-looking statements.
Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the Company, including restructuring or strategic initiatives or other business decisions, as well as from developments beyond the Company’s control, including: the occurrence of subsequent events; deterioration in domestic or global economic conditions or failure of conditions to improve as anticipated; deterioration in or pressures from competitive conditions, including competition to create or acquire content; competition for talent and competition for advertising revenue; consumer preferences and acceptance of our content, offerings, pricing model and price increases, and corresponding subscriber additions and churn, and the market for advertising sales on our direct-to-consumer services and linear networks; health concerns and their impact on our businesses and productions; international, political or military developments; regulatory and legal developments; technological developments; labor markets and activities, including work stoppages; adverse weather conditions or natural disasters; and availability of content. Such developments may further affect entertainment, travel and leisure businesses generally and may, among other things, affect (or further affect, as applicable): our operations, business plans or profitability, including direct-to-consumer profitability; our expected benefits from the potential joint venture with Fox and Warners Bros. Discovery; demand for our products and services; performance of the Company’s content; our ability to create or obtain desirable content at or under the value we assign the content; the advertising market for programming; income tax expense; and performance of some or all Company businesses either directly or through their impact on those who distribute our products.
Additional factors are set forth in the Company’s Annual Report on Form 10-K for the year ended
The term “Company” is used below to refer collectively to
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements in this press release due to changes in economic, business, competitive, technological, strategic and/or regulatory factors and other factors affecting the operation of the Company’s businesses. More detailed information about these factors is contained in the documents the Company has filed with or furnished to the
Statements in this press release speak only as of the date they were made, and the Company undertakes no duty to update or release any revisions to any forward-looking statement made in this press release or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events or to conform such statements to actual results or changes in the Company’s expectations, except as required by law.
The terms “Warner Bros. Discovery,” “Company,” “we,” “us,” and “our” are used below to refer collectively to
Information set forth in this communication contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties and on information available to
Forward-looking statements include statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “continue,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or similar words. Forward-looking statements include, without limitation, statements regarding future financial and operating results, the Company’s plans, objectives, expectations and intentions, assumptions, projections or expectations regarding the potential joint venture with Fox and
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katina.arnold@espn.com
+1 860.912.6643
brian.nick@fox.com
+1 310-369-3545
nate.smeltz@wbd.com
+1 404.827.4786
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