Espn, fox and warner bros. discovery forming joint venture to launch streaming sports service in the u.s.

Burbank, calif. & bristol, conn.--(business wire)--espn, a subsidiary of the walt disney company (nyse: dis), fox (nasdaq: foxa, fox) and warner bros. discovery (nasdaq: wbd) have reached an understanding on principal terms to form a new joint venture (jv) to build an innovative new platform to house a compelling streaming sports service. the platform brings together the companies' portfolios of sports networks, certain direct-to-consumer (dtc) sports services and sports rights – including cont.
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