In a surprising turn of events, the Venu Sports joint venture, involving ESPN, FOX, and Warner Bros. Discovery, has been discontinued. The decision, effective immediately, comes after a Disney-Fubo deal that seemed to clear the path for Venu’s launch. The sports streaming service faced delays due to a lawsuit from Fubo, which was settled just hours before a court hearing. The evolving media landscape, with a shift towards skinny bundles, influenced the decision. Disney, in particular, is focusing on launching ESPN+ in fall 2025. The Disney-Fubo merger will create a major streaming player, operating under Fubo’s publicly traded company with 6.2 million subscribers. This merger will offer increasingly popular skinny bundles in sports, news, and entertainment, with Disney’s DirecTV renewal introducing multiple genre-specific options at lower price points.
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