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- Venu Sports, a streaming joint venture from three media giants, just had a big setback.
- A judge ruled that Venu can't launch in late August, as originally planned.
- Even worse for Disney, Fox, and WBD is that the future of the whole cable bundle could be in peril.
The cable bundle's decline is rapidly accelerating, and a new court ruling has brought new fears that the industry's underlying business model may be in jeopardy.