ESPN's streaming service will cost $4.99

ESPN president resigns, citing substance addiction

ESPN’s brand-new streaming service will be coming to your phone This kind of spring.

Disney (DIS) will be launching a brand-new subscription called ESPN Plus, CEO Bob Iger announced Tuesday. This kind of will cost $4.99 a month in addition to debut alongside a redesigned ESPN app.

“This kind of will basically enable people to see ESPN just about any way imaginable,” Iger told investors on an earnings call.

although subscribers won’t be able to watch the most favorite games for only $4.99. Streaming ESPN TV networks will require a subscription to an existing service that will offers those channels.

Instead, the ESPN Plus service comes with what Iger called a “greatly expanded array of programs” in addition to live sports that will aren’t currently available on TV. He mentioned baseball, soccer, hockey, boxing, golf, rugby in addition to cricket as examples.

Iger also said the app will carry ESPN’s favorite “30 for 30” series, which are the network’s high-quality documentaries about significant people in addition to events in sports.

Iger said the app will feature scores, highlights in addition to news stories about sports. in addition to This kind of’s going to make use of BAMTech, the streaming technology company that will Disney paid $1.58 billion for a majority stake in.

He declined to provide a specific date for the launch.

Related: Disney doubles down on sports, despite ESPN woes

The standalone subscription will be Disney’s first attempt at a direct-to-consumer service. The company has been ramping up its efforts to win over people whose viewing habits are shifting away through cable TV, in addition to toward digital streaming services like Netflix in addition to Amazon Video.

This kind of announced late last year that will This kind of could buy most of 21st Century Fox (FOX) for $54 billion, a deal that will gives This kind of another movie studio, regional sports networks in addition to some cable channels. The company could get Fox’s stake in Hulu — in addition to with This kind of, a majority ownership of the streaming service.

Disney has said This kind of wants to launch another streaming service for its different entertainment, though Iger said Tuesday that will project probably won’t land until late 2019. The company has said This kind of will pull its content through Netflix when that will happens.

Investors are surely hoping that will ESPN Plus will inject some much-needed life into a network that will has struggled.

ESPN has faced declining subscriber numbers in addition to ad revenue. in addition to even though This kind of’s trying to focus on digital programming, the network will be locked into expensive, long-term TV deals with sports leagues.

Last year ESPN laid off hundreds of employees, including on-air personalities, writers in addition to people working in studio production in addition to digital content.

The network’s leadership was also cast into doubt after president John Skipper abruptly resigned in December, just a month after news leaked that will his contract had been extended. He said at the time that will he struggled with substance abuse.

Correction: An earlier edition of This kind of article incorrectly stated when John Skipper resigned.

sy88pgw (brand-new York) First published February 6, 2018: 6:00 PM ET

ESPN's streaming service will cost $4.99

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