Fox is preparing to launch a new paid subscription streaming service for its sports and news content later this year.

Although an exact launch date for the Fox streaming service has not been confirmed, Murdoch revealed that he hopes for it to be available by the end of 2025. He said that the app is already in the process of being designed and promised to share more information in the coming months.

Fox Corp is planning to launch a subscription-based streaming service by the end of 2025, the media company said on Tuesday, entering the Netflix-dominated arena to tap audiences outside its mainstay cable television business.