Venu Sports Canceled after FuboTV Settlement

Disney, Fox, and Warner Bros. Discovery have collectively decided to cancel their planned sports streaming service, Venu Sports, before its launch. This decision follows a legal settlement with FuboTV, which had previously filed an antitrust lawsuit to block Venu's debut over competition concerns. The companies cited a rapidly changing market and a focus on existing distribution channels as reasons for discontinuing the joint venture. The cancellation comes shortly after Disney announced a merger of its Hulu + Live TV service with Fubo, which was expected to clear legal hurdles for Venu's launch. Despite the termination, Disney, Fox, and Warner Bros. Discovery expressed pride in Venu's development and committed to supporting its staff during the transition. Additionally, the settlement and business adjustments reflect broader challenges in adapting sports content for the streaming era.