Federal Judge Halts Major Media Joint Venture Over Antitrust Concerns, Threatening Sports Streamer Fubo’s Survival
New York — A federal judge on Friday temporarily halted a major collaborative effort by The Walt Disney Co., Fox Corp., and Warner Bros. Discovery aimed at pooling their sports broadcasting rights. The halted project was set to establish a new streaming platform called Venu, targeting a market entry later this year. The decision came after Fubo, a competing sports streaming service, challenged the joint venture’s legality, arguing that it would significantly reduce competition within the industry. U.S. District Judge Margaret Garnett cited concerns that the launch of Venu could precipitate a mass migration of … Read more