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The long awaited event it doesn’t happen anymore, and others. The sports-focused advertising project was to be co-produced by Disney, Warner Bros. Discovery and Fox. There was no clear reason given, other than corporate talk.
“In an ever-changing market, we determined that it is best to meet the needs of sports fans by focusing on existing content and distribution channels,” the company wrote in a statement.
We’re guessing this move will include some serious work as well, as Venu has been blowing up for a while. In order to achieve this, the companies said that they are “proud of the work that has been done at Venu so far and thank the employees of Venu, who will help them during this transition.” There are no details about what this support will entail.
Venu Sports, the MVPD service provided by ESPN, FOX & Warner Bros. Discovery, is unstoppable.
The three companies’ decision not to move forward with the proposed merger is immediately effective
More information: https://t.co/Cvwv2h601G pic.twitter.com/lylDeHDy9p
– ESPN PR (@ESPNPR) January 10, 2025
The real reason for the closure is probably due to ongoing legal issues. As one threat was missing this week, it was Fubo something else emerged instead. A few days after Disney announced the merger of Hulu + Live TV with Fubo, the two TV companies. pre-existing law .
DirecTV and EchoStar also said that Fubo’s new partnership with Disney will not solve the issues related to Venu Sports. DirecTV wrote to the judge, saying the deal would “restore the competitive edge” for the companies to “control the future of the pay TV market.” EchoStar wrote a similar letter.
An unnamed source familiar with Venu Sports said The Hollywood Reporter that the move to ban the streaming service was made in the past few days and that the aforementioned legal snafu played a role.
