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With NFL news cycles in constant fever, it’s hard for things not directly related to the NFL to show up on our radar screen.
Here’s one who did just that. Venu Sports, the hugely popular sports streaming company created by Disney, Fox, and Warner Bros. Discovery, which had been delayed by an antitrust lawsuit, was gone before it arrived.
Venu’s death capped the week in which Disney settled the lawsuit that blocked Venu’s debut by purchasing the company that filed the lawsuit, Fubo TV. The move seems to pave the way for the launch of Venu, FrontOfficeSports.com has reported Still the plan After the merger of Disney and Fubo. However, DirecTV and EchoStar He strongly objected To the idea that the dismissal of Fubo’s suit eliminated the antitrust concerns created by the collaboration of Disney, Fox, and Warner Bros. Discovery.
This announcement came on Friday, without warning, via a joint statement.
“After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture, and not launch the live streaming service,” they said. “In an ever-changing market, we decided it was best to meet the evolving demands of sports fans by focusing on existing products and distribution channels. We are proud of what has been accomplished to date and grateful to the Venu employees, whom we will support during this transition period.”
Disney, Fox, and Warner Bros. are said to be in the works. Discovery spent $400 million on the abandoned project. At least it’s a write off For them.
