Fox CEO Lachlan Murdoch delivered a brief elegy this morning for shuttered sports streaming JV Venu but detailed plans for its own streaming service this year.

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”