Data News > Disney, Fox, and Warner Bros. Discovery Cancel Joint Sports Venture Venu
- Disney, Fox, and Warner Bros. Discovery have decided to discontinue their joint sports streaming service, Venu
- Laura Martin, a senior entertainment and internet analyst at Needham, discusses the reasons behind the cancellation on CNBC's 'The Exchange'
- Venu Sports was announced last year but was canceled before its launch
- The decision to scrap Venu reflects the current state of the media landscape
- Value investors may be considering whether or not to buy Fox stock
Disney, Fox, and Warner Bros. Discovery have announced the cancellation of their joint sports streaming service, Venu. The decision to pull the plug on Venu was made before the platform ever became available to consumers. Laura Martin, a senior entertainment and internet analyst at Needham, appeared on CNBC's 'The Exchange' to shed light on the reasons behind this unexpected move by the media giants.
The scrapping of Venu Sports reflects the shifting dynamics of the current media landscape. The decision to discontinue the service comes as a surprise after the initial fanfare surrounding its announcement last year. The joint venture between Disney, Fox, and Warner Bros. Discovery was highly anticipated, but ultimately failed to come to fruition.
In light of this development, value investors may be reevaluating their stance on Fox stock. While Zacks primarily focuses on the Zacks Rank system for selecting strong stocks based on earnings estimates and revisions, other factors such as value, growth, and momentum trends are also taken into consideration. The cancellation of Venu may have implications for the valuation and future prospects of Fox as an investment opportunity.
Overall, the decision by Disney, Fox, and Warner Bros. Discovery to call off their plans for Venu sports streaming service highlights the unpredictable nature of the media industry. The rationale behind this move and its potential impact on the companies involved remain key topics of discussion for analysts and investors alike.
For more information:
Up/Down Rally Price Distribution Analyst Recommendations Earning Price Impact Analysis Seasonality
Disney, Fox, and Warner Bros. Discovery Cancel Joint Sports Venture Venu
By KlickAnalytics Data Insights | January 10, 2025 08:04PM ET
Key Points
- Disney, Fox, and Warner Bros. Discovery have decided to discontinue their joint sports streaming service, Venu
- Laura Martin, a senior entertainment and internet analyst at Needham, discusses the reasons behind the cancellation on CNBC's 'The Exchange'
- Venu Sports was announced last year but was canceled before its launch
- The decision to scrap Venu reflects the current state of the media landscape
- Value investors may be considering whether or not to buy Fox stock
Disney, Fox, and Warner Bros. Discovery have announced the cancellation of their joint sports streaming service, Venu. The decision to pull the plug on Venu was made before the platform ever became available to consumers. Laura Martin, a senior entertainment and internet analyst at Needham, appeared on CNBC's 'The Exchange' to shed light on the reasons behind this unexpected move by the media giants.
The scrapping of Venu Sports reflects the shifting dynamics of the current media landscape. The decision to discontinue the service comes as a surprise after the initial fanfare surrounding its announcement last year. The joint venture between Disney, Fox, and Warner Bros. Discovery was highly anticipated, but ultimately failed to come to fruition.
In light of this development, value investors may be reevaluating their stance on Fox stock. While Zacks primarily focuses on the Zacks Rank system for selecting strong stocks based on earnings estimates and revisions, other factors such as value, growth, and momentum trends are also taken into consideration. The cancellation of Venu may have implications for the valuation and future prospects of Fox as an investment opportunity.
Overall, the decision by Disney, Fox, and Warner Bros. Discovery to call off their plans for Venu sports streaming service highlights the unpredictable nature of the media industry. The rationale behind this move and its potential impact on the companies involved remain key topics of discussion for analysts and investors alike.
For more information:
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