The sports-focused streaming service co-founded by The Walt Disney Co, Warner Bros. Discovery and Fox Corp. will not move forward, the companies said Friday.

Three of the nation’s largest broadcast media companies have scrapped plans to launch a joint direct-to-consumer streaming platform for live sports, the group announced on Friday.

Fubo will be combined with Hulu's live TV service and offer a new streaming package with ABC and ESPN channels.

The Walt Disney Company, Fox, and Warner Bros. Discovery have announced that they are canceling their planned Venu Sports streaming service abruptly shutting down a multi-billion joint venture that was legally troubled from minute one.

On Monday, the people behind Venu — the sports streaming service co-owned by Disney, Fox, and Warner Bros. Discovery — were gearing up their launch plans, after solving a legal challenge. A few days later,

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. "After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service,

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

The companies called off what would have been a major bet days after Disney struck a deal with rival streamer Fubo.

Venu Sports, the live sports joint venture, between Walt Disney, Fox and Warner Bros Discovery will be discontinued, the companies said on Friday. The media companies had planned to launch Venu Sports,