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.

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”

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.