Walt Disney, Fox, and Warner Bros. Discovery said Friday they have scrapped plans to launch their jointly owned streaming platform Venu Sports, sending shares in rival FuboTV higher. “After careful consideration,

Disney, Fox and Warner Bros. Discovery have called off plans to launch their sports streaming service, Venu, the companies said in a joint statement Friday.

Venu was announced in 2024 as a slimmed-down streaming package carrying the channels that would have offered such channels as ESPN.

Venu Sports, the streaming service backed by Disney, Fox and Warner Bros. Discovery, will not launch, the companies announced in a joint statement Friday. “After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service.

A federal judge agreed and temporarily blocked the service, ruling in August that Venu would “substantially lessen competition and restrain trade.” Fubo said in a statement th

Walt Disney Co said on Monday it would merge its Hulu + Live TV business with smaller rival FuboTV, removing a significant hurdle to the launch of its sports streaming venture with Fox Corp and Warner Bros Discovery.

Disney and FuboTV just kicked off the 2025 media biz M&A sweepstakes with the merger of Fubo TV and Hulu + Live TV. What does the deal mean?

Fubo and Hulu + Live TV. Fubo co-founder and Chief Executive Officer David Gandler will operate the newly combined Fubo and Hulu+ Live TV business. “This combination enables us to deliver on our promise to provide consumers with greater choice and flexibility,