Fox, Disney, Warner Bros Discovery sports streaming venture sends ‘shockwaves' through TV industry

A new streaming giant that will combine the sports assets of Fox, Disney’s ESPN and Warner Bros Discovery is poised to reshuffle the TV industry – and experts say the big loser will likely be the cable business.The yet-to-be named standalone service, slated to launch this fall, will account for roughly 55% of the sports rights in the US, according to a Citigroup analyst. It won’t stream NBC’s “Sunday Night Football” or NFL games airing on CBS, which this year will broadcast the Super Bowl.Nevertheless, exp ...