Murdoch Targets 5 Million Subscribers for New Sports Venture

Fox Corp. Chief Executive Officer Lachlan Murdoch said the new sports streaming service he’ll launch later this year with Walt Disney Co. and Warner Bros. Discovery Inc. is projected to reach 5 million subscribers after five years.

Murdoch, speaking at the Morgan Stanley technology, media and telecom conference on Monday, said the service is aimed at customers who don’t currently subscribe to cable channels.

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