Former Apple exec to lead new sports-streaming service from ESPN, Fox, Warner Bros. Discovery

Core Insights - A new joint sports streaming service is being launched by Warner Bros. Discovery, ESPN, and Fox, with Pete Distad appointed to lead the initiative [1][2] - The service aims to provide a differentiated product for sports fans in the US, moving away from traditional pay TV bundles [2] - The platform will feature games from major sports leagues and top college conferences, available on Max, Hulu, and ESPN+ [2] Company and Industry Summary - Pete Distad, previously a senior vice president at Hulu, will oversee strategy, distribution, marketing, and sales for the new service [1][2] - The collaboration between Warner Bros. Discovery, Fox, and ESPN is intended to leverage their extensive sports content to compete with major players like Amazon and Apple [2] - The anticipated price for the service is expected to be above $40 per month, although the exact cost has not yet been disclosed [2] - The new CEO will report to a board of directors comprising representatives from each of the three companies involved [4] - The venture will establish its offices in Los Angeles, where Distad will be based [5]