Fox Corp. Executive Chairman Lachlan Murdoch told Wall Street analysts Tuesday that his company will launch a direct-to-consumer streaming product that will draw on its news and sports assets.

Fox Corp. expects to launch a new subscription-based streaming outlet by end of 2025, citing desire to reach younger consumers who don't have cable

The company known for its news and sports TV content said Tuesday it’s aiming to launch a subscription streaming service by the end of the year.

Fox Corp is launching a streaming service before the end of the year. Content will be drawn from Fox News and Fox Sports. The company says it is not trying to steal customers away from cable operators.

Fox is arriving late to the streaming party with a new service set to launch by the end of the year.

Fox has announced that it will be launching a new standalone streaming service by the end of the year. The announcement came in comments made by Fox Executive Chair and Chief Executive Officer Lachlan Murdoch during an earnings call on February 4 (h/t Investing.