The Welsh Rugby Union and the four regions have agreed to take part in a financial review of professional rugby in Wales.
This plan has proved to be robust so far but in an ever-changing environment, we need to ensure we take the time to properly consider the right strategies for the future not just today
Following joint discussions between the Scarlets, Ospreys, Cardiff Blues and Newport Gwent Dragons the WRU over the past two months, both parties have agreed that a review will be undertaken by PwC, to be commissioned by the WRU.
WRU Group Chief Executive, Roger Lewis, said: "I have held a number of very constructive private meetings with representatives of the four Welsh regions which began in detail in November of this year.
"Over the course of our meetings we have discussed the many and varied challenges which face the professional game in Wales in this very demanding economic climate.
"Together we have agreed to explore what opportunities may exist between us to create greater sustainability for regional rugby based upon the review's findings.
"The Welsh Rugby Union's business model is centred upon a rolling five-year plan which guarantees support and investment into all levels of the game in Wales as well as the Millennium Stadium.
"This plan has proved to be robust so far but in an ever-changing environment, we need to ensure we take the time to properly consider the right strategies for the future not just today."
Chief Executive of Regional Rugby Wales, Stuart Gallacher, said: "It's another clear sign that both the Welsh Rugby Union and the regions intend to work as a team to ensure we fully understand the many and complex challenges involved in developing and improving our sport in a rapidly changing environment.
"The last few months, have clearly illustrated the success of our existing structures in nurturing and developing the wealth of talent that exists within rugby in Wales.
"We need to ensure we all work together to protect and further develop those structures and utilise all our collective resource to ensure Welsh rugby is healthy on every level."
* PricewaterhouseCoopers (PwC) is one of the UK's leading audit companies and auditors of the WRU
Wales U20 face a tough group in the Junior World Championship with France, England and Japan lying in wait but Attack coach Jason Strange and back rower Tom Phillips are looking forward to the campaign ahead.
Angus O'Brien has quickly settled into the Wales Sevens squad after solid performances in Hong Kong and Japan. With two rounds remaining in Glasgow and Twickenham on the World Series, WRU TV's Graeme Gillespie chats to the rising star.
Wales winger Luke Morgan has established himself as one of the deadliest finishers on the Sevens World Series. WRU TV's Graeme Gillespie catches up with him on the eve of this weekend's round in Glasgow.
All roads lead to Cardiff on Sunday for the SSE SWALEC Finals Day at the Millennium Stadium. Cambrian Welfare tackle Ystradgynlais in the Bowl final, Ystrad Rhondda play Newcastle Emlyn in the Plate final while defending champions Pontypridd face Bridgend in the Cup final.
WRU Chief Executive Roger Lewis, Deputy Minister for Culture, Sport and Tourism Ken Skates and WRU Chairman Gareth Davies earlier this week launched a new competition in conjunction with the WRU unveiling its archive room.
Welsh players and management joined Deputy Minister for Sport Ken Skates at the Pierhead Building, Cardiff Bay earlier this week to reveal the Union's pioneering school-club hub initiative has been so successful the project will now almost double the scale of the original project.
The Scarlets, Newport Gwent Dragons, Cardiff Blues and the Ospreys look ahead to Judgement Day III which sees the Blues take on the Ospreys (2.30) and the Dragons tackle the Scarlets (4.45pm) at the Millennium Stadium tomorrow afternoon.
Ystradgynlais and Ynysddu played out a titanic struggle at Taffs Well in the SSE SWALEC Bowl semi-final. At the end of the game neither team could be separated after a 15-15 stalemate but Ystradgynlais go through on try count.
Blues strike first in JD III battle - Newport Gwent Dragons lock Andrew Coombs, WRU referee Dylan Llyr Jones and Cardiff Blues hooker Matthew Rees decide dressing room allocations for Judgement Day III