Disney, Fox, and Warner Bros. Scrap Venu Sports Streaming Venture

The joint sports streaming service is abandoned after legal challenges and evolving market strategies reshape priorities.

Venu Sports, a planned joint streaming service by Disney, Fox, and Warner Bros. Discovery, has been canceled before its launch.
The decision follows Disney's acquisition of a 70% stake in Fubo and its merger with Hulu + Live TV, which resolved Fubo's antitrust lawsuit against Venu.
DirecTV and Dish raised new legal challenges, arguing unresolved antitrust concerns and potential harm to competition in the sports streaming market.
The companies cited shifting market dynamics and a focus on existing platforms like ESPN's upcoming standalone streaming service as reasons for abandoning Venu.
Venu's cancellation highlights ongoing legal and competitive complexities in the evolving streaming landscape, leaving questions about the future of bundled sports offerings.