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The yet-to-be-named service would offer an all-in-one package of programming that would include television channels, such as ESPN, TNT, and FS1, and streamed sports content.

As a result of the changes, Alan Bergman and Dana Walden will serve as Co-chairs of Disney Entertainment, and ESPN, which includes all ESPN networks and ESPN+, will be led by Jimmy Pitaro.

In 2022, ESPN reported increases in TV viewing among key demos as well as streaming subscriptions for ESPN+, which hit 24.3 million – up 42% during the year.

The Walt Disney Company, ESPN and Formula 1 have extended their relationship with a new, multi-year contract that will keep F1 races on ESPN Networks in the United States through the 2025 season.

During the latest D23 Expo, an event organized by The Walt Disney Company, Bob Chapek, CEO of the group, talked about the possibility of spinning off ESPN and also of buying Comcast’s 33% share of Hulu.