Fox (NASDAQ:FOXA), and Warner Bros. Discovery (NASDAQ:WBD) have decided to disband their three-way joint venture, Venu Sports, the companies said Friday. The news comes in the wake of Disney's proposed combination of its Hulu + Live TV business with FuboTV (NYSE:FUBO).

Disney's Hulu + Live TV and sports streaming service Fubo are combining in a deal that will also see the settlement of a lawsuit against the creation of Venu Sports. Fubo and Hulu + Live TV both allow customers to stream live broadcast and cable networks on their connected TVs,

The companies called off what would have been a major bet days after Disney struck a deal with rival streamer Fubo.

Venu Sports, the live sports joint venture, between Walt Disney, Fox and Warner Bros Discovery will be discontinued, the companies said on Friday. The media companies had planned to launch Venu Sports,

The decision, made collectively by WBD, Fox, and Disney, is effective immediately. “After careful consideration, we have collectively agreed to discontinue the Venu Sports joint

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 Sports, the sports streaming app that Fox, Disney, and Warner Bros. Discovery (WBD) announced as part of a joint venture in February, will no longer launch, the three companies said today. The app was supposed to give subscribers access to all three conglomerates' linear channels that show sports,