Disney-Fox-Warner Streaming Deal Faces DOJ Antitrust Review

The Justice Department plans to scrutinize the new streaming service proposed by Walt Disney Co., Fox Corp. and Warner Bros. Discovery Inc. over concerns it could harm consumers, media rivals and sports leagues.

Regulators will look at terms of the joint venture once it is finalized, according to two people familiar with the process. The companies haven’t been notified of the impending review and it may not lead to any action, said the people, who asked not to be identified discussing a confidential review.

Disney, Fox and Discovery announced the new streaming service earlier this month that would combine ...