"Forbes reported Thursday that Disney saw over 1% in gains as a result, rising the price per share to $93.98."
This new DTC plan, reportedly titled Project “Flagship,” will aim to transition the cable channel to be streamable.
The first 12 matches will be available to Peacock subscribers on the free tier, with the rest of the tournament only being available to premium subscribers.
"I know there are a lot of people that still want ESPN in that traditional ecosystem.”
The announcement follows news of plans by Sinclair, NBC Sports, and Marquee Sports Network to launch their own streaming services.
According to the New York Post, the Cubs and Sinclair are talking about a subscription costing $18 per month.
NBC has large markets in its RSN catalog with Boston, Chicago, Philadelphia, Washington D.C., and California's Bay Area.