The Venu Sports streaming service from Disney, Fox and Warner Bros. Discovery will not be launching after all. Why it matters: Venu's path had seemed to clear after Fubo dropped its lawsuit as part of its deal with Disney to merge their live TV streaming businesses.

The combined business of former adversaries will operate under Fubo’s publicly traded company (stock symbol FUBO) as the nation’s sixth-largest pay-TV operator with 6.2 million subscribers and be led by the existing Fubo management team with a cash infusion from Disney.

The planned streaming service Venu Sports has been scrapped before it ever started. Its planned launch last year was stopped due to a court fight with Fubo’s streaming business. Although that was recently settled, other companies had signaled they were going to oppose Venu.