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Disney, Warner Bros, and Fox Abandon Live Sports Streaming Venture

share-iconFriday, January 10 comment-icon1 week ago 5 views
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thehillTHEHILL
Disney, Warner Bros, and Fox Abandon Live Sports Streaming Venture

Credited from: THEHILL

  • Three major media companies—Disney, Warner Bros. Discovery, and Fox Corp.—have abandoned plans for a joint direct-to-consumer streaming platform.
  • The proposed service, named "Venu," was set to offer live streaming of top sports events, including the NFL, NBA, and MLB, for over $50 a month.
  • In a joint statement, the companies mentioned they decided to discontinue the venture to better meet the evolving demands of sports fans.
  • This decision is notable given the recent boom in streamed sports content and increasing competition from tech giants like Amazon and Netflix.
  • The announcement follows Disney's planned acquisition of Fubo, a streaming platform that offers a sports-focused live TV package.

For the full article, visit The Hill.

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