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 delivered a brief elegy this morning for shuttered sports streaming joint venture Venu but said Fox is moving ahead with plans to launch a new direct-to-consumer service drawing on all its content and brands by the end of the calendar year.

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”