Ex-Apple executive tapped for major sports streaming venture
Published Date: 3/15/2024
Source: axios.com
Pete Distad, a former Apple and Hulu executive, was appointed CEO of the new sports streaming joint venture formed by Disney, Fox and Warner Bros. Discovery.
Why it matters: Distad will be tasked with getting the service off the ground ahead of its planned fall launch.
Zoom in: Distad, who most recently served as an executive at Apple for a decade following six years at Hulu, assumes oversight of all aspects of the joint venture, including strategy, distribution, marketing, sales and more, according to a press release on Friday.
- Once the service is running, Distad will report to a board that consists of representatives chosen by each of the three companies.
- The JV will be based in Los Angeles.
Catch up quick: The three companies announced the service during Super Bowl LVIII week last month.
- Amid few details about the venture, including its cost, it is expected to launch in the fall ahead of college football and NFL seasons.
- Each company will own one-third of the venture.
- The service will include content from linear TV networks housed by the three companies, which include ESPN, ABC, TNT and Fox, among others.