Disney, Fox, and Warner Bros. Discovery confirmed they have chosen to discontinue the Venu Sports joint venture and will not launch the streaming service, citing legal concerns.
The decision follows a court ruling that favored Fubo, which claimed a combined sports service would violate antitrust laws due to the dominance of the three companies in sports media rights.
Despite the setback with Venu, Disney is still pursuing sports streaming opportunities, with plans for a new service codenamed 'Flagship' to launch in 2025.
The evolution of Disney and its partners reflects a strategic pivot in the sports streaming landscape, as they navigate regulatory challenges while aiming for greater control over sports content.
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