Fox CEO Lachlan Murdoch delivered a brief elegy this morning for shuttered sports streaming joint venture Venu but said it's launching its own DTC service this year.

Fox Corp. has largely stayed out of the streaming wars, but that's about to change. Fox Corp. Executive Chairman Lachlan Murdoch told Wall Street analysts Tuesday that his company will launch a direct-to-consumer streaming product that will draw on its news and sports assets.

Fox is getting ready to launch a standalone streaming service by the end of 2025. During an earnings call on Tuesday, Fox CEO Lachlan Murdoch said the streaming service would offer a “holistic” streaming package featuring sports and news from the network’s existing brands,

The company known for its news and sports TV content said Tuesday it’s aiming to launch a subscription streaming service by the end of the year.

CEO Lachlan Murdoch on Tuesday confirmed plans to launch a direct-to-consumer streaming service by the end of calendar year 2025.

This writer would like to personally apologize for writing that Venu —Fox, Disney, and Warner Bros.’ D.O.A. sports streamer—was “unnecessary” or “had a silly name.”

Fox is planning on launching a new subscription-based streaming service by the end of 2025, company executives revealed on Tuesday

The still-unnamed service will target cord-cutters and cord-nevers — much like Fox’s Tubi streaming service — and is not intended to siphon off cable subscribers. It was announced during the quarterly earnings call in which it reported revenues that were 20% above the same quarter last year and quarterly net income was also way up,

In the wake of the dissolution of Venu Sports, Fox Corp. chief Lachlan Murdoch announced Tuesday that the company would be venturing out on its own with a direct-to-consumer service that will launch before the end of 2025.