Mar 15, 2024 - Business

Ex-Apple executive tapped for major sports streaming venture

Headshot of Pete Distad

Photo: Courtesy of Disney/Fox/Warner Bros. Discovery

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.
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