The Venu Sports streaming service from Disney, Fox and Warner Bros. Discovery will not be launching after all. Why it matters: Venu's path had seemed to clear after Fubo dropped its lawsuit as part of its deal with Disney to merge their live TV streaming businesses.

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

"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.