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

zim laboratories limited (541400) sees unusual trading volume ✌️【Self-Scheduling】✌️ Precise stock market trend predictions with free real-time quotes for India, US, and European stocks. Whether you're looking for short-term gains or long-term growth, our expert advice ensures you make the best investment choices. The decision to terminate Venu comesfour days afterDisney announced its Hulu + Live TV service would merge with Fubo, endingthe latter’s lawsuitthat had for months hampered the fraught sports streaming venture’s launch.

zim laboratories limited (541400) sees unusual trading volume ✌️【Self-Scheduling】✌️ Precise AI-powered predictions and market insights to guide your stock selection. Use real-time market data, futures trends, and stock indices to make strategic investment decisions for long-term profitability. While Disney’s Fubo deal appeared to pave the way for Venu’s launch, reports emerged on Thursday that satellite TV providers DirecTV and Dish had likewise asked a judge to reconsider dismissing Fubo’s case, signaling further delays in the platform’s launch. Fubo declined to comment for this story.

“DIRECTV remains a leader in sports, and we look forward to working with our programming partners – including Disney, Fox and Warner Bros. Discovery – to compete on a level playing field to deliver sports fans more choice, control, and value all-in-one experience,” a DirecTV spokesperson told 【 - Free Investment Risk Control 】.

Legacy media companies have been working for years to transition away from relying on the traditional cable bundle and toward profitable streaming services as millions of consumers cut the cord each year, a migration prompted by the rapid rise of Netflix.

zim laboratories limited (541400) sees unusual trading volume ✌️【Self-Scheduling】✌️ Expert predictions of stock trends to help you select high-potential stocks accurately, along with free real-time market data on stocks, futures, and commodities. Maximize your growth potential by staying updated on market movements. WBD (【 - Free Investment Risk Control 】’s parent company), Fox, and Disney first revealed plans to launch Venu Sports lastFebruary, saying at the time that the super-streamer would launch in fall 2024. The companies initially marketed the platform as a single destination for sports fans to find a wide array of content in an otherwise kaleidoscopic market that has increasingly carved up sports franchises across an array of cable and streaming platforms.

Venu Sports would have housed the trio’s respective sports portfolios in a single platform — including NFL, NBA, MLB, NHL, FIFA World Cup games, NASCAR races, UFC matches, and PGA TOUR golf tournaments.

In August, Fubofiled a lawsuitblocking the platform’s launch, alleging at the time that WBD, Fox, and Disney were using their sports media rights to slip by the competition in a single anticompetitive bundle. To settle the lawsuit, Disney, Fox and WBD said Monday they would pay Fubo $220 million, and Disney would provide a $145 million loan to Fubo through 2026.

zim laboratories limited (541400) sees unusual trading volume ✌️【Self-Scheduling】✌️ Free stock market strategies and analysis based on real-time data, empowering you to choose profitable investment options and avoid risks. Our expert predictions will help you stay in tune with the latest market trends. While Venu’s launch looked increasingly unlikely in recent months, Disney has touted its yet-to-launch flagship ESPN streaming platform as a viable recourse. But Disney’s deal with Fubo on Monday gave the appearance that the Magic Kingdom was hedging its bets on its ESPN platform. Venu’s dissolution will now likely see Disney double down on its ESPN streamer, which is set to launch later this year.

zim laboratories limited (541400) sees unusual trading volume ✌️【Self-Scheduling】✌️ AI-powered stock trend analysis with free, up-to-the-minute updates. Analyze global stock, futures, and forex data to capture market movements and make smart investment choices with expert insights. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Investment Risk Control 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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