Venu Sports, the live sports joint venture, between Walt Disney , Fox and Warner Bros Discovery will be discontinued, the companies said on Friday.

Venu 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 three companies will instead be focusing on "existing products and distribution channels" The post Venu Sports Is Dead: Disney, Warner Bros. Discovery and Fox Scrap Joint Streaming Venture appeared first on TheWrap.

The sports-focused streaming service co-founded by The Walt Disney Co, Warner Bros. Discovery and Fox Corp. will not move forward, the companies said Friday.

The Walt Disney Company, Fox, and Warner Bros. Discovery have announced that they are canceling their planned Venu Sports streaming service abruptly shutting down a multi-billion joint venture that was legally troubled from minute one.

Venu was announced in 2024 as a slimmed-down streaming package carrying the channels that would have offered such channels as ESPN.

The companies called off what would have been a major bet days after Disney struck a deal with rival streamer Fubo.

The decision, made collectively by WBD, Fox, and Disney, is effective immediately. “After careful consideration, we have collectively agreed to discontinue the Venu Sports joint

The Walt Disney Co., Fox Corp. and Warner Bros. Discovery Inc. are scrapping plans to create a joint sports streaming service, just days after settling a lawsuit brought against the three companies alleging the platform would squelch competition.