The Venu Sports streaming service from Disney, Fox and Warner Bros. Discovery will not be launching after all. Why it matters: Venu's path had seemed to clear after Fubo dropped its lawsuit as part of its deal with Disney to merge their live TV streaming businesses.

Venu Sports, the proposed virtual MVPD service from ESPN, FOX and Warner Bros. Discovery, will be discontinued, the three companies said in what they called a collective decision not to move forward with the contemplated joint venture.

The planned streaming service Venu Sports has been scrapped before it ever started. Its planned launch last year was stopped due to a court fight with Fubo’s streaming business. Although that was recently settled, other companies had signaled they were going to oppose Venu.