Sacked in the endzone? Down for the count? Struck out swinging? Go ahead and pick your favorite sport metaphor, but the bottom line is that Venu Sports is done.
In a joint statement, Venu Sports backers Disney, Fox, and Warner Bros. Discovery announced they are dropping their plans for the ambitious streaming service, which would have bundled some of the most popular sports channels into a single—and somewhat pricey—package.
“After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service,” the statement says, as reported by Variety.
“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. We are proud of the work that has been done on Venu to date and grateful to the Venu staff, whom we will support through this transition period.”
The move marks …