The two networks are launching the direct-to-consumer services as a bundle offering a variety of streaming options, and here's how it works.

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

Entertainment and Sports Programming Network, more commonly known as ESPN, is launching its own streaming service. Sports fans will soon be able to watch their favorite games if they miss them live, but it will come at a price.