The forthcoming sports streaming venture backed by Disney, Fox Corp. and Warner Bros. Discovery will reach 5 million subscribers in its first five years, according to a projection shared Monday by Fox CEO Lachlan Murdoch. Speaking at a conference hosted by Morgan Stanley, Murdoch cited the forecast in responding to questions about whether the new
Lachlan Murdoch
About two years after Fox Corp. started a new chapter as a slimmed-down, TV-centric company, CEO Lachlan Murdoch observed, “It’s a good year not to own movie studios and theme parks.” In a rare appearance at a Wall Street conference, the executive weighed in on NFL negotiations, the outlook for Fox News, ad-supported streaming and other