Venu Sports Collapses Before Launch Amid Antitrust Concerns

Venu Sports streaming service canceled.
Matilda
Venu Sports Collapses Before Launch Amid Antitrust Concerns
The highly anticipated live sports streaming service, Venu, a joint venture between ESPN, Fox, and Warner Bros. Discovery, has officially been scrapped. In a joint statement released on Friday, the three media giants announced their decision to abandon the project, citing the evolving demands of the sports streaming market. A Star-Crossed Venture Venu was poised to revolutionize sports streaming by offering a comprehensive package of live games from major leagues like the NFL, NBA, NHL, and NCAA. The service promised to aggregate content from prominent networks such as ESPN, ABC, Fox, Fox Sports 1, Fox Sports 2, TNT, and others, creating a single, powerful platform for sports fans. However, Venu faced significant hurdles from the outset. The live TV streaming service Fubo filed an antitrust lawsuit against the three media giants, alleging that they had engaged in anti-competitive practices to stifle Fubo's growth. This lawsuit, coupled with scrutiny from lawmakers concerned about pot…