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

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,

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.

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,