It is official: 21st Century Fox Inc.'s FOX News Channel (US) is launching an exclusive over-the-top service.

Called Fox Nation, the stand-alone opinion streaming service is expected to debut in the fourth quarter with a price to be unveiled at a later date, according to a Feb. 20 news release.

Fox Nation will feature live exclusive daily streaming content and long-form programming. Fox Nation will also include access to exclusive events and 20 plus years of archival programming from FOX News. Fox Nation will be housed at FOX News headquarters in New York.

The company will start hiring for the new venture in the second quarter.