Disney invested heavily in Venu, a new sports streaming service, partnering with Fox and Warner Bros. Discovery.
A lawsuit by Fubo, a smaller streamer, initially delayed Venu's launch, threatening the potential success of the venture.
To resolve the legal battle and secure Venu's launch, Disney agreed to a significant financial settlement with Fubo.
This strategic move highlights Disney's commitment to the streaming sports market and its confidence in Venu's long-term potential.
