Pete Distad moves from Venu Sports project to Fox
Other former Venu Sports workers are shifting over to the new direct-to-consumer project at Fox, with announcements expected in the coming weeks.
Venu Sports is a sports-focused joint venture formed by Fox Corporation, the Walt Disney Company and Warner Bros Discovery. The company is developing and plans to launch a streaming television service that offers sports-inclusive channels from the three broadcasters, with tentative plans to offer the service to consumers in mid-August 2024.
Other former Venu Sports workers are shifting over to the new direct-to-consumer project at Fox, with announcements expected in the coming weeks.
The three broadcasters involving in the streaming joint venture Venu Sports have called off their plans to launch the service.
DirecTV and Dish Network have signaled their willingness to continue challenging the launch of Venu Sports following Disney’s decision to buy out Fubo.
The discussions were sparked by Fubo’s willingness to settle its lawsuit over Venu Sports for $220 million.
Fubo agrees to drop its antitrust lawsuit over Venu Sports, and accept a $220 million settlement while agreeing to build out Disney’s sports and broadcast streaming product.
Sports broadcasters who backed Venu Sports this week lost a motion to dismiss the antitrust case brought by Fubo.
The U.S. Department of Justice and more than a dozen state attorneys general have filed briefs backing Fubo in its ongoing lawsuit against Venu Sports.
Analysts say TV networks might inhibit future vMVPD growth if they continue putting sports on their own direct-to-consumer products
Tens of thousands of DirecTV for Business customers, including bars and restaurants, may not have access to ESPN and ABC for weeks during football season. Government agencies that rely on DirecTV as a lifeline during emergencies may suffer, too.
Bars, restaurants and hotels with DirecTV for Business service may not be able to offer “Monday Night Football” from ESPN.
For years, carriage disputes have centered around fees paid by cable and satellite companies to programmers. Now, distributors are redrawing the battle lines.
Exclusive: DirecTV’s Chief Programming Officer Rob Thun said the development of Venu Sports proves broadcasters are ready to embrace genre-based channel bundles, and they should afford that opportunity to other distributors, too.