Disney, Warner Bros. Discovery, and Fox Are Teaming Up on Sports Streaming.

There's big news from the sports entertainment world. Disney (DIS -1.95%), Warner Bros. Discovery (WBD -1.93%), and Fox (FOX 3.12%), three of the top players in linear TV, are teaming up to launch a new sports streaming service.In a press release after hours on Tuesday, the media companies said they reached an understanding on principal terms to form a new joint venture for a streaming sports service, combining content from all major professional sports leagues and college sports. It's unclear how much the ...