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."
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.
2024-12-26 21:322008 view
2024-12-26 20:032141 view
2024-12-26 19:48200 view
2024-12-26 19:39157 view
2024-12-26 19:161408 view
2024-12-26 19:132351 view
After 14 years, the police procedural "Blue Bloods" is coming to an end.Season 14 has been released
In pockets of Europe’s Alpine mountains, glaciers are abundant enough that ski resorts operate above
PORT CLYDE, Maine (AP) — A fire destroyed several waterfront buildings in Maine, including an art ga