Venu Sports Joint Venture Scrapped By Partners
deadline.comVenu Sports, the proposed virtual MVPD service from ESPN, FOX and Warner Bros. Discovery, will be discontinued, the three companies said in what they called a collective decision not to move forward with the contemplated joint venture.
The decision is effective immediately. The move is surprise as a transaction announced earlier this week between Disney and Fubo appeared to have paved the way for Venu to launch.
The debut of the sports streaming service had been delayed by a Fubo lawsuit that was headed to court. “After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service.
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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