Three of the nation’s largest broadcast media companies have scrapped plans to launch a joint direct-to-consumer streaming platform for live sports, the group announced on Friday.

The Walt Disney Co., Fox Corp. and Warner Bros. Discovery Inc. are scrapping plans to create a joint sports streaming service, just days after settling a lawsuit brought against the three companies alleging the platform would squelch competition.

Venu was announced in 2024 as a slimmed-down streaming package carrying the channels that would have offered such channels as ESPN.