"The deal could potentially result in higher costs for consumers, as Disney's dominance in sports media could limit options and drive up prices for streaming services or game access," Barlow said. The Justice Department is expected to conduct a substantive review of the new ESPN-NFL transaction,

ESPN, owned by ABC News’ parent company The Walt Disney Company, is acquiring the NFL Network and other assets and in exchange the NFL will take a 10% equity stake in ESPN.

ESPN announced Wednesday that it has made a non-binding agreement with the National Football League to acquire the NFL Network and some other media assets.

ESPN and the NFL announced Wednesday a multiyear agreement to continue airing the NFL draft across the company's networks.

The Wednesday morning announcement that the draft will continue to be televised by ESPN didn't include any information about the duration of the deal.

ESPN will continue to broadcast the NFL Draft as well as obtaining new digital rights for its upcoming direct-to-consumer service