Venu Sports, the planned sports-centric streaming service from ESPN (Disney), Fox, and Warner Bros. Discovery will be “discontinued,” the companies said in a joint statement on Friday morning. It was a “collective decision,” media members were informed, and is “effective immediately.”

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

The sports-focused streaming service co-founded by The Walt Disney Co, Warner Bros. Discovery and Fox Corp. will not move forward, the companies said Friday. Caroline Flack Doc From Disney+ Will Follow Her Mother's Search for Answers in Star's Final Months

Venu was blocked on its drive to the goal. Disney, Fox and Warner Bros. Discovery on Friday said they would scrap their ambitious plans for a bundled sports streamer that would show all their game telecasts and studio programs,

Disney, Fox and Warner Bros. Discovery have called off plans to launch their sports streaming service Venu, the companies said in a joint statement Friday. "After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service,

Venu Sports, the streaming service backed by Disney, Fox and Warner Bros. Discovery, will not launch, the companies announced in a joint statement on Friday. “After careful consideration, we have collectively agreed to discontinue the Venu Sports joint venture and not launch the streaming service.

A joint venture between entertainment titans Disney, Fox, and Warner Bros. Discovery, Venu Sports was poised to shake up the streaming industry with a $42.99-a-month service that bundled the likes of ESPN, FS1, BTN, TNT, TBS, and other top sports offerings.

Venu Sports, the sports streaming app that Fox, Disney, and Warner Bros. Discovery (WBD) announced as part of a joint venture in February, will no longer launch, the three companies said today.

Venu Sports, the live sports joint venture, between Walt Disney , Fox and Warner Bros Discovery will be discontinued, the companies said on Friday.

Fox (NASDAQ:FOXA), and Warner Bros. Discovery (NASDAQ:WBD) have decided to disband their three-way joint venture, Venu Sports, the companies said Friday. The news comes in the wake of Disney's proposed combination of its Hulu + Live TV business with FuboTV (NYSE:FUBO).