💨 Abstract

Disney, Fox, and Warner Bros Discovery have scrapped plans for their sports streaming joint venture Venu Sports, which was met with legal opposition. The streaming service, with a goal of 5 million subscribers in its first year, was set to bundle sports rights from NFL, NBA, and FIFA. The decision comes days after a lawsuit by smaller rival FuboTV, with support from the U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖