The abrupt move comes just days after Disney appeared to have removed one legal obstacle to the deal
on Friday abandoned plans to launch Venu Sports, their live sports joint venture, pulling the plug on a much-heralded effort that ran into substantial legal opposition.
The media giants created the streaming venture to try to attract younger viewers who don’t subscribe to cable TV, with the idea being to bundle their massive portfolio of sports rights including the National Football League, the National Basketball Association and the FIFA World Cup. , agreeing to merge smaller streamer FuboTV – a rival that had sued the media giants over what it said was anti-competitive behaviour – with its Hulu Live service.
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