ESPN, Fox and Warner Bros. Discovery to form a joint venture.

ESPN, a multimedia sports entertainment company, Fox, a television broadcasting company, and Warner Bros. Discovery, an American multinational mass media and entertainment conglomerate, agreed to form a joint venture. “At WBD, our ambition is always to connect our leading content and brands with as many viewers as possible, and this exciting joint venture and the unparalleled combination of marquee sports rights and access to the greatest sporting events in the world allows us to do just that. This new sports service exemplifies our ability as an industry to drive innovation and provide consumers with more choice, enjoyment and value and we’re thrilled to deliver it to sports fans,” David Zaslav, Warner Bros. Discovery CEO.