Fox, Disney and Warner Bros. Discovery disbanded their efforts to launch Venu, a joint sports streaming service.

Fox has tapped Peter Distad as CEO of its recently announced direct-to-consumer streaming platform. Distad, who served as an executive at Apple for a decade following six years at Hulu, transitions to Fox from his most recent role as CEO of recently defunct joint venture Venu Sports.

Disney is surely focusing heavily on this product launch, with ESPN a key piece of its company. It cannot afford to mess up - even a little bit.

Pete Distad has a new gig after the shutdown of sports-streaming joint venture Venu Sports. Fox Corp. has hired Distad as CEO of the company’s recently announced direct-to-consumer streaming division.

The former chief executive of Venu Sports will assume the same role at Fox’s upcoming streamer. Who says familiarity breeds contempt? For Fox, it’s just the opposite. The company is actively working on launching a new direct-to-consumer (DTC) streaming service,

Other former Venu Sports workers are shifting over to the new direct-to-consumer project at Fox, with announcements expected in the coming weeks. This article, Pete Distad moves from Venu Sports project to Fox,