ESPN will acquire NFL Network and other media assets from the National Football League in exchange for the league taking a 10% equity stake in the all-sports network as part of a landmark agreement, the two sides announced on Tuesday.

"Today's announcement paves the way for the world's leading sports media brand and America's most popular sport to deliver an even more compelling experience for NFL fans, in a way that only ESPN and Disney can," Disney CEO Robert Iger said in a statement.

NFL Network will be owned and operated by ESPN, which will control the network's linear and digital rights. NFL Network will be available to customers who pay for cable or satellite TV and will also be added to ESPN's upcoming direct-to-consumer streaming service set to launch this fall, offering access

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