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Disney, Fox, Warner Bros. Discovery Scrap Venu Sports Streamer
Disney, Fox and Warner Bros. Discovery cancelled plans to launch Venu, an ambitious bundled sports streaming service
Discovery on Friday said they would scrap their ambitious plans for a bundled sports streamer that would show all their game telecasts and studio programs, citing a need to “meet the evolving demands of sports fans by focusing on existing products and distribution channels.” The decision surfaces after Disney agreed to take a stake in the Fubo streaming service and fold its Hulu live-TV service into it. “After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service,” the companies said in a statement. “In an ever-changing marketplace, we determined that it was best to meet the evolving demands of sports fans by focusing on existing products and distribution channels.
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