Fubo convinces judge to block Disney sports streaming service ahead of NFL kickoff

2024-12-26 08:25:02 source:lotradecoin ecosystem development roadmap category:Invest

A federal judge on Friday put on pause a plan by Walt Disney, Fox and Warner Bros Discovery to launch a new sports streaming platform, saying that FuboTV is likely to be successful in proving its claim that the partnership would be anti-competitive.

U.S. District Judge Margaret Garnett in New York said in the ruling that a temporary injunction blocking the new streaming venture was appropriate.

Fubo said in its Feb. 20 lawsuit that the proposed venture would "destroy competition and inflate prices for consumers."

Venu Sports a Fox, Disney, Warner Bros Discovery partnership

Earlier in February, Fox, Disney's ESPN and Warner Bros Discovery had disclosed plans to launch a sports streaming service, later dubbed Venu Sports, to capture younger viewers.

Need a break? Play the USA TODAY Daily Crossword Puzzle.

The three companies said in a statement they believed Fubo's arguments were wrong and that they would appeal the court's ruling.

"Venu Sports is a pro-competitive option that aims to enhance consumer choice by reaching a segment of viewers who currently are not served by existing subscription options," they said.

Representatives for the other parties did not immediately respond to requests for comment on Friday.

Earlier this month, Venu Sports said it planned to launch in the United States this fall, with a broad portfolio of sports offerings, including 14 live sports channels and a library of content. It has said it hoped to attract 5 million subscribers within five years of its debut.

More:Invest

Recommend

The Voice Season 26 Crowns a New Winner

Out of five fabulous finalists, one has emerged victorious.Sofronio Vasquez, who grew up in the Phil

Biden says he regrets using term illegal to describe suspected killer of Laken Riley

President Biden said Saturday that he regrets using the term "illegal" during his State of the Union

Billie Eilish and Finneas Break 86-Year Oscars Record With Best Original Song Win

Billie Eilish and Finneas are not just two-time Oscar winners, but Oscar record breakers.At the 2024