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Disney, Fox and WB join forces to end “ridiculous” cost of sports
Disney, Fox, and Warner Bros. Discovery have unveiled plans to introduce a comprehensive sports streaming platform, slated for release later this year.
This initiative marks an extraordinary alliance in the media industry, aiming to cater to the burgeoning demand for sports content in the digital realm.
The announcement promises a one-stop destination for sports enthusiasts, consolidating offerings from a diverse array of networks, including ESPN, Fox, and more.
The platform is set to encompass a wide spectrum of sporting events, spanning major professional leagues such as the NFL, NBA, MLB, NHL, alongside niche sports like NASCAR, golf, and tennis.
Sports revolution
CEO of Warner Bros. Discovery, David Zaslav, expressed excitement about the venture, emphasising its potential to revolutionise the consumption of sports content.
“This new sports service exemplifies our ability as an industry to drive innovation and provide consumers with more choice, enjoyment, and value,” Zaslav stated.
Under the joint venture, each of the three conglomerates will hold an equal one-third ownership stake.
Details regarding the platform’s name and pricing structure are yet to be disclosed, heightening anticipation among eager consumers.
Linear networks
Notably, the platform will integrate offerings from 15 linear networks, including ESPN, ESPN2, SEC Network, and ABC, among others.
Subscribers will also have the option to bundle the sports streaming service with existing platforms like Disney+ and Hulu, further enhancing the value proposition.
Lachlan Murdoch, CEO and Executive Chair of Fox, underscored the significance of the service for fervent sports fans, envisioning it as a comprehensive solution outside the traditional cable bundle.
“We believe the service will provide passionate fans…an array of amazing sports content all in one place,” Murdoch commented.
The timing of this announcement coincides with negotiations for the renewal of NBA broadcasting rights, underscoring the strategic positioning of the involved parties in the competitive landscape.
Evolving dynamics
Disney’s forthcoming direct-to-consumer product, in conjunction with ESPN’s ambitions, underscores the industry’s evolving dynamics.
In a statement, Bob Iger, CEO of The Walt Disney Company, hailed the launch of the sports streaming service as a pivotal moment for both Disney and ESPN, emphasizing its role in reshaping the media landscape.
“This means the full suite of ESPN channels will be available to consumers alongside the sports programming of other industry leaders as part of a differentiated sports-centric service,” Iger remarked.
News
Trump orders Pentagon to resume nuclear testing immediately
Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety
Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety
– Trump ordered the Pentagon to resume nuclear testing, risking global tensions and retaliation from other nations.
– Proliferation concerns are rising as nuclear states modernise arsenals and the New START Treaty nears expiration.
The potential for worldwide radioactive fallout remains high, even for underground tests. The Comprehensive Nuclear Test Ban Treaty, signed by 187 states, prohibits such testing, yet the US remains a signatory without ratification, bound not to violate the treaty’s intent.
Nuclear weapon testing, once crucial for understanding weapon effects and military planning, has diminished. Since World War II, nuclear tests have largely focused on developing new designs. Significant environmental and health concerns led to a moratorium on atmospheric testing in the early 1960s and the Partial Test Ban Treaty in 1963.
Many countries, including the US, stopped explosive testing in the 1990s. Technological advancements allowed nations to develop nuclear weapons without the need for actual explosions.
Proliferation Risks
Nuclear proliferation continues, with all nine nuclear-armed states investing heavily in modernising their arsenals. This raises concerns about lowered thresholds for using such weapons.
Recent conflicts involving nuclear threats have escalated, and the number of nuclear weapons operationally available has begun to rise again. Russia has tested advanced nuclear weapons, while China is rapidly expanding its military capabilities.
The New START Treaty, which confines the nuclear capabilities of the US and Russia, is set to expire soon, with no successor treaty negotiations underway.
The Doomsday Clock has moved closer to midnight this year, highlighting the heightened dangers facing the world today.
News
US–China trade talks are a handshake, not a deal
Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.
Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.
Presidents Trump and Xi extend their tariff truce in an informal meeting, with US cuts and Chinese promises on soybeans, fentanyl, and rare earths.
Steve Gopalan from SkandaFX cautions this is unofficial and deeper issues between the two super powers remain.
#USChina #TradeTruce #Tariffs #GlobalMarkets #Soybeans #RareEarths #UnofficialDeal #TickerNews
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Markets cautious as rate cut hopes fade
Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.
Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.
Central banks pull back on rate cut expectations as tech stocks wobble and inflation pressures persist. Markets adjust cautiously to the Fed’s new tone.
#Markets #Fed #InterestRates #Inflation #TechStocks #CapitalMarkets #TickerNews #Economy #FinancialUpdate
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