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 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.

Lachlan Murdoch: “this service will be a package of our existing content on our existing brands targeted to consumers that are not currently in the bundle”