The Biggest Winner of the Venu Sports Fiasco May Surprise You

A sports streaming service that could've rocked the world will never get a chance to roll. Venu Sports -- the partnership of Disney (NYSE: DIS), Fox (NASDAQ: FOX), and Warner Bros. Discovery (NASDAQ: WBD) to combine their sports content into a single digital platform that would set fans back $43 a month -- has been nixed before its launch.The market's reaction to the news that broke just before Friday's open was interesting, to stay the least.Venu could've moved the needle. With many of those still subscribing to cable or satellite TV plans doing so primarily for easy seamless access to live sports, this could've drastically escalated the cord-cutting trend. The three partners should've been pummeled on Friday, but Disney somehow beat the market. How? Well, don't be surprised if Friday's price action is just the first indicator that Disney is the biggest winner in the death of the fumbled streaming service that the media stock giant was championing.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool