Venu is dead.
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.
“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 joint 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. We are proud of the work that has been done on Venu to date and grateful to the Venu staff, whom we will support through this transition period.”
Related Stories
The decision to discontinue Venu comes at the end of an eventful week for the companies, with dealmaking looking to revive the service’s fortunes, before a fresh legal threat appeared to
...
Keep reading this article on Hollywood Reporter.