Venu Sports, the streaming service backed by Disney, Fox and Warner Bros. Discovery, will not launch, the companies announced in a joint statement on Friday. “After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service.

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. Caroline Flack Doc From Disney+ Will Follow Her Mother's Search for Answers in Star's Final Months

Disney, Fox and Warner Bros. Discovery have called off plans to launch their sports streaming service Venu, the companies said in a joint statement Friday. "After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service,

Shares of Disney, Fox and Warner Bros. Discovery all sold off after the companies said they wouldn't move ahead with Venu Sports, their planned joint streaming venture. Read more:

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

The U.S. Justice Department and 16 U.S. states said in court filings last year that they support a court order won by FuboTV in August that temporarily blocked Walt Disney, Fox and Warner Bros Discovery from launching a competing sports streaming venture. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Shounak Dasgupta)

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 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.