ESPN nears multibillion-dollar deal for NFL media assets, set to launch direct-to-consumer service.

The NFL is reportedly nearing a multibillion-dollar deal with ESPN, where ESPN will acquire most of the NFL's media assets, including NFL Network and RedZone, in exchange for an equity stake in the network. This comes as ESPN prepares to launch a direct-to-consumer service for $29.99 per month by the end of August. The deal is expected to be announced next week and is subject to regulatory approval.