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

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.

It was just four days ago that Venu Sports passed a major hurdle in becoming a reality when Disney purchased Fubo, putting an end to a lawsuit that had

Venu Sports, the sports streaming app that Fox, Disney, and Warner Bros. Discovery (WBD) announced as part of a joint venture in February, will no longer launch, the three companies said today.

Disney’s ESPN, Fox Corp. and Warner Bros. Discovery have thrown in the towel on their joint sports streaming service, Venu Sports, a venture that was first announced last February. The three would-be collaborators acknowledged the decision to walk away from Venu in a statement released this morning.

Well, this is quite a mystery. Last year, all the buzz was about how ESPN, Fox and Warner Bros. Discovery were set to create a new joint streaming service called Venu Sports that would give viewers one place to watch all the sports.

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,