Disney, Fox and Warner Bros. join forces for sports streaming services

For years, the rising price of sports rights has been a major concern for media executives, who have watched viewers abandon traditional television for streaming services as their companies pay to broadcast games.

On Tuesday, Disney, Fox and Warner Bros. Discovery proposed a new offering that would allow them to continue doing business with some of those customers. The companies have announced a streaming service featuring games from the major professional leagues and college conferences that they hope will attract sports fans who have abandoned cable.

The service offers streaming subscribers all the games available to viewers of traditional channels such as ESPN, TNT and FS1. The price, name and executive team behind the service have not yet been determined. Its launch is scheduled for the fall.

The service, which will also be ad-supported, will stand out from the companies' other streaming services, such as Disney's ESPN+ and Warner Bros. Discoveries Max.

This is a development story. Check back for updates.