Venu, the live sports streaming service from ESPN, Fox, and Warner Bros. Discovery, isn’t happening. In a statement on Friday, the three companies announced the decision “not to move forward with the contemplated joint venture is effective immediately.”
“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.”
