ESPN, Fox and Warner Bros. teaming up to create a new sports streaming service

ESPN, Fox Corp. and Warner Bros. Discovery said on Tuesday they are joining forces to launch a streaming sports service. 

The platform will include offerings from at least 15 networks and all four major professional sports leagues. The paid service is scheduled to debut this fall via a new app, although subscribers will be able to bundle it with Disney+, Hulu and Max, according to a statement from Warner Bros. Discovery. 

Each company will own a one-third stake in the joint venture, the statement said.