Key Takeaways Venu Sports, the streaming service combining the services of The Walt Disney Co.'s ESPN, Warner Bros. Discovery, and FOX, on Friday was called off before it could launch.The companies said in a joint statement they felt they should be "focusing on existing products and distribution channels.

The three companies will instead be focusing on "existing products and distribution channels" The post Venu Sports Is Dead: Disney, Warner Bros. Discovery and Fox Scrap Joint Streaming Venture appeared first on TheWrap.

Venu Sports, the streaming service backed by Disney, Fox and Warner Bros. Discovery, will not launch, the companies announced in a joint statement on Friday. “After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service.