Last year, three broadcasting giants announced plans for a joint venture that looked poised to reshape the sports streaming world; Venu Sports would have combined programming from ESPN, Fox Sports and Warner Bros. Discovery.
After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service. In an ever-changing marketplace, we determined that it was best to meet the evolving demands of sports fans by focusing on existing products.
This is the latest development in what could be a seismic shift in how Americans watch sports.
A spokesperson for DirecTV said that the company '[looked] forward to working with our programming partners - including Disney, Fox and Warner Bros. Discovery - to compete on a level playing field to deliver sports fans more choice, control and value all-in-one experience.'
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