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Disney's live sports joint venture Venu Sports to be discontinued

  • Disney's planned streaming service Venu Sports has been discontinued before its launch, as announced by ESPN, Fox, and Warner Bros. Discovery on Friday.
  • The decision to scrap Venu Sports is effective immediately due to opposition from other companies, despite a recent court settlement with Fubo.
  • ESPN will focus on its own streaming service set to launch later this year, according to a joint statement from ESPN, Fox, and WBD.
  • The discontinuation of Venu Sports may reduce consumer confusion in the streaming market, as noted by MoffettNathanson in relation to Disney's Fubo deal.
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