Legal challenges, competition concerns, and a strategic pivot spelled the end for Venu, a promised streaming service from Disney, Fox, and Warner Bros.

The three entities first announced plans for Venu Sports in February 2024, but its launch faced a legal challenge.

In its move to Fox, IndyCar continues to lack a domestic direct-to-consumer streaming option for fans who have cut the cord.

The planned streaming service Venu Sports has been scrapped before it ever started. Its planned launch last year was stopped due to a court fight with Fubo’s streaming business. Although that was recently settled, other companies had signaled they were going to oppose Venu.

"In an ever-changing marketplace, we determined that it was best to meet the evolving demands of sports fans by focusing on existing products and distribution channels," the companies added.

Venu Sports, the joint streaming service from Warner Bros. Discovery, Fox Corp., and Disney, has been discontinued before its launch, the trio announced in a surprise move Friday morning.

Venu, the sports-focused streaming venture proposed by the Walt Disney Co., Fox Sports and Warner Bros. Discovery, will not see the light of day.

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

Disney, Fox, and Warner Bros Discovery have ended their efforts to start a combined sports streaming service called Venu, the company said on Friday.

With the case settled, a Reuters report stated that ESPN, Fox, and Warner Bros. could ask the US Court of Appeals to reverse the August ruling. That hasn't happened. Also, after t