Fox Corp. has largely stayed out of the streaming wars, but that's about to change. 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.

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.

The new offering, which will include news and sports content, is the company’s biggest foray yet into subscription streaming.