Disney, Fox, and WBD give up on controversial sports streaming app Venu

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.

The app was supposed to give subscribers access to all three conglomerates' linear channels that show sports, including ABC, Fox, ESPN, FS1, and TruTV. Original content wasn’t expected to launch with the app, but the joint multichannel video programming distributor was expected to represent about 85 percent of the US sports rights market.