Disney CEO Bob Iger Says “Venu Basically Looked Redundant To Us” As Other Skinny Bundles Emerged

Core Insights - The planned streaming sports joint venture Venu has become irrelevant as ESPN explores other opportunities with "skinny" bundles [1][2] - The emergence of these skinnier bundles has led to a strategic shift for ESPN, making it available on multiple platforms [2][4] - The goal for ESPN is to enhance accessibility for consumers through various consumption methods, including apps and traditional bundles [3] Industry Developments - Distributors like DirectTV, Comcast, and Fubo have launched or will launch skinny bundles, impacting the market landscape [4] - Venu was a collaboration between Disney, Fox, and Warner Bros. Discovery, which ultimately settled with Fubo for $220 million [5] - Disney plans to merge Hulu + Live TV with Fubo, taking a 70% stake in the new entity, pending regulatory approval [5][6] Product Enhancements - ESPN+ is integrated into Disney+, driving user engagement, with plans for significant enhancements including betting, fantasy, and customization [7] - The standalone ESPN+ will be offered alongside bundles with Disney+ and Hulu, with a focus on strategic pricing [8]