Major Media Companies Abandon Venu Sports Streaming Venture
In a surprising turn of events, Disney, Fox, and Warner Bros. Discovery have collectively decided to scrap their collaborative sports streaming service, Venu Sports, before it even launched. This decision comes amid ongoing shifts in the media landscape and reports suggesting that bundling threats from competitors played a significant role in the shutdown. The collapse of Venu Sports will impact fans, especially those of IndyCar, who were anticipating its launch. The failed venture marks a notable moment in the rapidly evolving streaming market, highlighting the challenges faced by traditional media companies in adapting to new viewing habits.
ESPN, Vulture, Yahoo Sports, The New York Times, CNBC, Business Insider, Sports Business Journal, Reuters, IndyStar, Sports Video Group