Venu Sports, the proposed virtual MVPD service from ESPN, FOX and Warner Bros. Discovery, will be discontinued, the three companies said in what they called a collective decision not to move forward with the contemplated joint venture.

"After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service. In an ever-changing marketplace, we de

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.