Fox Corp. CEO Lachlan Murdoch announced at an investor conference that the new sports service, a joint venture with Disney and Warner Bros Discovery, is projected to reach 5 million subscribers within the first five years. The service is expected to have a high-end price point, potentially around $50. Murdoch expressed confidence in the service's pro-competitive nature and believes it will attract viewers not currently served by existing platforms. Additionally, he mentioned that the new sports streaming platform is targeting the 50 to 60 million non-subscribers to traditional MVPDs. Despite minimal capital investment, Fox Nation has garnered around two million subscribers. The collaboration between Fox, Disney, and Warner Bros Discovery aims to launch the sports streaming venture before the start of the 2024 college football season.
The announcement of a joint ESPN, Fox, and WBD sports streaming service shook the industry. Fox CEO Lachlan Murdoch, though, stresses that the venture will be made with sports fans in mind: “What this bundle does is put a majority of sports into one bundle."
Fox is aiming for five million subscribers for the ESPN-Fox-WBD sports streaming service over its first five years. ⏬ https://t.co/m7ZJPCtK09
How much will the new sports streaming service from Disney’s ESPN, Warner Bros. Discovery and Fox cost? @sherman4949 weighs in. https://t.co/RreG9YO5YS https://t.co/UKwsiFshcY
Fox, Disney, Warner Bros. Discovery sports bundle expects 5M subscribers in five years https://t.co/Cfk4gZJXUR https://t.co/JPfOK7VyZc
FuboTV could offer ‘substantial upside’ amid battle against Disney, Fox and WBD, says @Wedbush - my story for @MarketWatch #FuboTV $FUBO https://t.co/8oFmvdpUAs
Fox CEO Lachlan Murdoch said internal expectation for new FOX/ESPN/WBD sports streamer is to have 5 million subscribers within 5 years. There's a rush to launch by start of 2024 college football season. “Pricing is gonna be in the higher ranges of what people have talked about.”
Fox, Disney, Warner Bros Discovery sports venture expects 5 mln subscribers in five years https://t.co/7qQKfVxduI https://t.co/box6KsZEB1
Fox CEO Lachlan Murdoch optimistic about sports streaming joint venture https://t.co/uVtr1lFDGZ https://t.co/pn5411Q5k9
⚠️ FOX, DISNEY, WARNER BROS DISCOVERY SPORTS VENTURE EXPECTS 5 MILLION SUBSCRIBERS IN FIVE YEARS Full Story → https://t.co/YTV0Ve7A8C The sports streaming venture formed by Walt Disney, Warner Bros Discovery and Fox Corp expects to have 5 million subscribers in its first five… https://t.co/vwo3o0HUPx
Fox CEO Lachlan Murdoch said the new sports streaming service he’ll launch later this year with Walt Disney and Warner Bros. Discovery is projected to reach 5 million subscribers after five years. https://t.co/KXrLAioxtg
Fox-Disney-Warner Bros. Discovery Sports Bundle Projected to Hit 5 Million Subscribers in Five Years, Lachlan Murdoch Says https://t.co/oaWcgHlE7w via @variety
Fox Expects Sports Streaming Venture With Disney And WBD To Hit 5M Subscribers In 5 Years, Lachlan Murdoch Says https://t.co/ASosnL2VSB
Fox-Disney-Warner Bros. Discovery Sports App Targeting 5 Million Subscribers in First 5 Years, Lachlan Murdoch Says https://t.co/eGsQfwRz9V
Fox CEO Lachlan Murdoch said company is not investing a great amount of capital into Fox Nation but said the platform is doing well and confirms WSJ story that said service has about two million subscribers.
Fox-Disney-Warner Bros. Discovery Sports Bundle Expected to Hit 5 Million Subscribers in Five Years, Says CEO Lachlan Murdoch https://t.co/tVQj2WjYFn
Fox CEO Lachlan Murdoch says new sports service is pro-competitive reaching an audience not being served right now and does not imagine regulatory issues. "I'm not overly concerned about the regulatory environment," he says.
Fox Corp. CEO Lachlan Murdoch says at investor conference new sports service could have 5 million subs in first five years.
Lachlan Murdoch says expects 5 million subs to the new sports JV from Fox, Disney and Warner Bros Discovery within 5 years and the price point will be at the high-end of what has been speculated. Assuming that means toward $50 vs. $40 $FOXA $DIS $WBD https://t.co/Y7ip8unB5A
Fox CEO Lachlan Murdoch said he believes a high percentage of the 50 million to 60 million who don't subscribe to an MVPD will be open to signing up for Spulu (sports service launched by Fox, ESPN and Warner).
Fox, Warner Bros Discovery and Walt Disney were sued by FuboTV over a proposed sports streaming service, saying the companies wouldn’t allow their smaller rival to carry just a bundle of sports channels https://t.co/OflxwZvAdf https://t.co/2iQYSa5YTn
Fubo CEO: Disney-Fox-WBD are ‘sports cartel’ whose practices are ‘borderline racketeering’ https://t.co/ltXdBYakNK https://t.co/YCzL1fnSfK
FuboTV boss blasts Disney, Fox, Warner Bros. Discovery for creating a "sports cartel" with a new streaming service. https://t.co/nIb1ljDHXf
Fubo CEO Rips Disney-WBD-Fox Sports Streaming Venture: Media Companies' Practices Are 'Borderline Racketeering' by a 'Cartel' https://t.co/9mJ7MdSvFW
‘Duel to the Death’: Fubo CEO Raises Stakes in Disney-Fox-Warner Bros. Discovery Sports Streaming Legal Battle https://t.co/bBQSwZvp3I
FuboTV CEO slams ‘pernicious’ rivals Disney, Fox and WBD amid streaming lawsuit - my story for @MarketWatch #FuboTV #Fubo $FUBO https://t.co/6bhFm2pVoG