By Richard Thompson

Venu was blocked on its drive to the goal.

Disney, Fox and Warner Bros. Discovery on Friday said they would scrap their ambitious plans for a bundled sports streamer that would show all their game telecasts and studio programs, citing a need to “meet the evolving demands of sports fans by focusing on existing products and distribution channels.” The decision surfaces after Disney agreed to take a stake in the Fubo streaming service and fold its Hulu live-TV service into it.

“After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service,” the companies said in a statement. “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.”

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• Disney Fox and Warner Bros

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