The bundle will give subscribers access to a wide range of sports, news and entertainment content from both media giants.

However, the Disney press drums don't end with the announcement of ESPN's new streaming service launching on August 21 and the NFL and WWE deals. Disney's other major streaming service, Hulu, is set for a major overhaul in 2026.

Disney's profit and revenue climbed in its fiscal third quarter based on the strength of the entertainment company's streaming service and domestic theme parks.

The move comes as media companies look to nab more consumers for their streaming alternatives, and draw them in with sports, in particular.

Disney and ESPN are acquiring NFL media properties. Click here to read more on what investors need to know about this big move and why DIS stock is a Buy.

The sports media behemoth ESPN will take control of the NFL channels Red Zone and NFL Network in a deal that gives the league an equity stake.

The morning after the Walt Disney Co. and the NFL formally announced their blockbuster equity-for-assets swap, Bob Iger told investors the deal may well be the biggest thing to hit ESPN in nearly 40 years.

The Walt Disney Co. late Tuesday announced a non-binding agreement for ESPN to acquire NFL Network and other NFL media assets in exchange for a 10% equity stake in the sports giant.

As ESPN undergoes some monumental changes, from launching its highly anticipated direct-to-consumer product in a matter of days to striking a mega-deal with the NFL which will see the league take a 10% stake in the sports media company,