Venu Sports, the proposed virtual MVPD service from ESPN, FOX and Warner Bros. Discovery, will be discontinued, the three companies said in what they called a collective decision not to move forward with the contemplated joint venture.

Venu Sports, the live sports joint venture, between Walt Disney, Fox and Warner Bros Discovery will be discontinued, the companies said on Friday. The media companies had planned to launch Venu Sports,

The sports-focused streaming service co-founded by The Walt Disney Co, Warner Bros. Discovery and Fox Corp. will not move forward, the companies said Friday.

The three companies will instead be focusing on "existing products and distribution channels" The post Venu Sports Is Dead: Disney, Warner Bros. Discovery and Fox Scrap Joint Streaming Venture appeared first on TheWrap.

Disney’s ESPN, Fox Corp. and Warner Bros. Discovery have thrown in the towel on their joint sports streaming service, Venu Sports, a venture that was first announced last February. The three would-be collaborators acknowledged the decision to walk away from Venu in a statement released this morning.

The sports-focused super streaming service announced last February by Disney, Fox and Warner Bros. Discovery has been scuttled. The three companies have cancelled their plans to launch the service, which was called Venu,

The Venu sports streaming joint venture cleared one legal hurdle this week. But it was facing even more.

The Walt Disney Company, Fox, and Warner Bros. Discovery have announced that they are canceling their planned Venu Sports streaming service abruptly shutting down a multi-billion joint venture that was legally troubled from minute one.