An commercial for Venu Sports activities, the sports activities streaming enterprise by Disney, Warner Bros. Discovery and Fox, hangs on the Fanatics Fest occasion in New York Metropolis on Aug. 16, 2024.
Jessica Golden | CNBC
Disney, Fox and Warner Bros. Discovery have known as off plans to launch their sports activities streaming service Venu, the businesses stated in a joint assertion Friday.
“After cautious consideration, we’ve got collectively agreed to discontinue the Venu Sports activities three way partnership and never launch the streaming service,” they stated within the assertion. “In an ever-changing market, we decided that it was finest to satisfy the evolving calls for of sports activities followers by specializing in present merchandise and distribution channels. We’re pleased with the work that has been executed on Venu to this point and grateful to the Venu workers, whom we are going to help by way of this transition interval.”
Venu was first introduced in February and supposed to mix the reside sports activities property of Fox, WBD and Disney-owned ESPN. It was initially slated to launch earlier than the beginning of the NFL season in September, however was delayed partly by a authorized problem from streamer Fubo, which claimed the platform could be anticompetitive.
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