In its move to Fox, IndyCar continues to lack a domestic direct-to-consumer streaming option for fans who have cut the cord.

Three giant media companies have abandoned their plans to launch Venu Sports, a service that aimed to drastically shake up the streaming industry by bundling many sports channels together, officials said.

Key Takeaways Venu Sports, the streaming service combining the services of The Walt Disney Co.'s ESPN, Warner Bros. Discovery, and FOX, on Friday was called off before it could launch.The companies said in a joint statement they felt they should be "focusing on existing products and distribution channels.