Disney, Fox, and WBD say they have agreed to discontinue their Venu Sports streaming joint venture and will focus on existing products and distribution channels
Sigh. Streaming TV prices are going to get obscene in 2025. — www.theverge.com/2025/1/10/24... Mastodon: @SuffolkLITLab@esq.social : TL;DR: Venu Sports, the anticipated joint streaming venture from ESPN, Fox, and Warner Bros. Discovery, has been officially scrapped due to legal challenges from competitor Fubo and shifting market demands. … @Kierkegaanks@beige.party : @Techmeme As in we can't get enough people to pay for sports exclusively, so we'll bundle it with our regular content, force it on the users, and lie about it being added value Threads: Chris Welch / @chriswelch : So the end result of all this is just... less competition? Now that Fubo and Hulu with Live TV have merged? Cool. Cool cool cool. Streaming TV prices are gonna get truly outrageous in 2025. X: Matthew Keys / @matthewkeyslive : I think we're probably the only publication to note that Venu Sports hired quite a few executives away from great jobs at the Los Angeles Rams, SiriusXM and Apple to support their venture, and the job security of those executives is now uncertain. @tvgrimreaper : The Desperation Bundle™ is dead! Long live The Desperation Bundle™! Alex Sherman / @sherman4949 : At least CNN+ got 30 days Alex Sherman / @sherman4949 : This is a major bummer for everyone who had been hired by Venu, which has continued to hire even through the Fubo temporary injunction. Several I spoke with were extremely happy earlier this week after the Fubo merger. This is a shocking reversal. https://www.cnbc.com/... Todd Spangler / @xpangler : Before it could open, Venu is closed. Read about why Disney, Fox & Warner Bros. Discovery are ceasing their sports streaming joint venture https://variety.com/... via @variety Alex Weprin / @alexweprin : Just in: Venu, the sports streaming service, is dead. Disney, WBD and Fox are pulling the plug. Peter Kafka / @pkafka : Last week the JV settled a legal fight with Fubo that they thought would let them launch. But DirecTV and Dish were threatening their own suits, so... @jacobfeldman4 : RIP Venu Sports [image] Eben Novy-Williams / @novy_williams : BREAKING: Venu Sports, the product joint launched by ESPN, Fox and WBD, will be “discontinued”. [image] Matt Stoller / @matthewstoller : The mega sports streaming joint venture is dead. Disney/Fox/Warner Bros have pulled the plug on Venu, Disney's purchase of Fubo has a better rationale now. [image] @espnpr : Venu Sports, the proposed virtual MVPD service from ESPN, FOX & Warner Bros. Discovery, will be discontinued The collective decision by the three companies not to move forward with the contemplated joint venture is effective immediately