Disney, Fox, Warner Bros. Discovery call off Venu sports streaming service
In a joint statement released Friday, Disney, Fox, and Warner Bros. Discovery announced that they had canceled their plans to launch Venu, their sports streaming service.
They added in the statement that after giving it some thought, they had decided to end the Venu Sports joint venture and not start the streaming service. We concluded that it was best to concentrate on current products and distribution channels in order to satisfy the changing needs of sports fans in a market that is constantly changing. We are thankful to the Venu personnel, whom we will assist during this transition, and we are proud of the work that has been done on Venu thus far.
Initially revealed in February, Venu aimed to merge Fox, WBD, and Disney-owned ESPN's live sports assets. Due in part to a legal challenge ...