There was no name given and few details.

What Just Happened?

Murdoch today continued to defended the bundle.

Lachlan Murdoch

AP

He also indicated that the new service doesnt have to clear additional rights.

So we are huge supporters of the traditional cable bundle and will always be.

We do not want and we have no intention of turning a traditional distribution customer into a DTC customer.

Venu Sports

With these modest expectations, we do not expect any exclusive rights costs or additional incremental rights costs.

On Venu, Fox had partnered with Disney/ESPN and Warner Bros.

Discovery to launch the all-sports streamer last fall but was sidetracked by a lawsuit lobbed by Fubo.

Our only disappointment in sports is that we will not be moving forward with Venu.

Its not clear if any of that staff and infrastructure could be diverted to the new platform.