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Top Tech Stocks for Investors in India Successful Trader Picks ✌️【Employment Opportunities】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. Venu Sports, the joint streaming service from Warner Bros. Discovery, Fox Corp., and Disney, has been discontinued before its launch, the trio announced in a surprise move Friday morning.
“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.”
Top Tech Stocks for Investors in India Successful Trader Picks ✌️【Employment Opportunities】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. 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.
Top Tech Stocks for Investors in India Successful Trader Picks ✌️【Employment Opportunities】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. 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 Investing Community 】.
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.
Top Tech Stocks for Investors in India Successful Trader Picks ✌️【Employment Opportunities】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. WBD (【 - Free Investing Community 】’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.
Top Tech Stocks for Investors in India Successful Trader Picks ✌️【Employment Opportunities】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. 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.
Top Tech Stocks for Investors in India Successful Trader Picks ✌️【Employment Opportunities】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. 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 Investing Community 】. 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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