Streaming TV company Fubo took on Disney, Fox, and Warner Bros. Discovery's sports streamer Venu and emerged as a big winner.

Three giant media companies have abandoned their plans to launch Venu Sports, a service that aimed to drastically shake up the streaming industry by bundling many sports channels together, officials said.

The companies called off what would have been a major bet days after Disney struck a deal with rival streamer Fubo.

On Monday, the people behind Venu — the sports streaming service co-owned by Disney, Fox, and Warner Bros. Discovery — were gearing up their launch plans after solving a legal challenge. A few days later,

They do not have a mainstream streaming service. Warner Brothers Discovery does have Max, But, you know, this would have really helped them to monetize some of their sports properties better. So I think,

Disney, Fox, and Warner Bros Discovery have ended their efforts to start a combined sports streaming service called Venu, the company said on Friday.