Sonos is reportedly getting close to launching a product in a new category: a premium streaming box, set to rival options from Apple and Roku. The Verge reports the streaming video player will offer surround sound that works with its other speakers and also act as an HDMI switch to pair with other hardware,

The way to do that, it appears, is through a new product category. According to The Verge, Sonos is planning to launch a streaming box, with a price tag between $200 and $400.

Welch reports that the streaming box is a "pet project" of Chief Innovation Officer Nick Millington who has been working on the development for some time. However, in the last year he's been engaging with the Sonos' community on Reddit and focused on improving the mobile app, which may explain part of the delay.

Fox Corp is launching a streaming service before the end of the year. Content will be drawn from Fox News and Fox Sports. The company says it is not trying to steal customers away from cable operators. The streaming space is about to get more crowded.

Fox Corp. Executive Chairman Lachlan Murdoch told Wall Street analysts Tuesday that his company will launch a direct-to-consumer streaming product that will draw on its news and sports assets.

Fox Corp is planning to launch a subscription-based streaming service by the end of 2025, the media company said on Tuesday, entering the Netflix-dominated arena to tap audiences outside its mainstay cable television business.