Warner Bros. Discovery, Fox, ESPN set to build a sports streaming giant

The yet unnamed service will be available via an app and will be a bundle option for Disney+, Hulu and Max. Pricing has not been finalized. What has kept many people attached to cable television has been live sports offerings. This new streaming option could lead to even more households cutting the cord. The rights to broadcast sports, meanwhile, have surged in value as sports remains one of the more reliable sources of viewership. That’s pressured major networks to find the capital to pay up for those rights. The companies...