Fox has announced that it will be launching a new standalone streaming service by the end of the year. The announcement came in comments made by Fox Executive Chair and Chief Executive Officer Lachlan Murdoch during an earnings call on February 4 (h/t Investing.

The company known for its news and sports TV content said Tuesday it’s aiming to launch a subscription streaming service by the end of the year.

Fox Corp. Executive Chairman Lachlan Murdoch said the company is working on a direct-to-consumer product aimed at cord-cutters.

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 is arriving late to the streaming party with a new service set to launch by the end of the year.

This writer would like to personally apologize for writing that Venu —Fox, Disney, and Warner Bros.’ D.O.A. sports streamer—was “unnecessary” or “had a silly name.”

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.