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Disney-Fox-WBD Streaming Venture Venu Sports Fires Back At Fubo In Antitrust Case, Dubbing Itself A “Pro-Competitive” Response To Cord-Cutting
Venu Sports, a joint venture backed by Disney, Fox Corp. and Warner Bros. Discovery, has laid out its appeal of a preliminary injunction barring its launch last month.
Last month, a judge in New York stunned the media business by siding with Fubo, granting its request for a preliminary injunction barring Venu’s from proceeding with its debut. Venu stakeholders, and by extension Comcast/NBCUniversal, Paramount Global and other programmers, face potentially damaging legal exposure as they continue to juggle streaming with legacy linear businesses beset by secular decline. Fubo asserted in its complaint and in testimony at the district court that it had made several attempts to launch a Venu-like, sports-focused bundle over the years but was repeatedly rebuffed by Disney, Fox and WBD.
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