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

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. It was given a price ($42.99 a month!) and then was inevitably challenged in court.

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.

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

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.

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.

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,