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Fubo CEO Rips Disney-WBD-Fox Sports Streaming Venture: Media Companies’ Practices Are ‘Borderline Racketeering’ by a ‘Cartel’
Fubo chief David Gandler took the gloves off in lambasting the joint venture formed by Disney, Warner Bros. Discovery and Fox Corp.
Discovery and Fox Corp. — reiterating claims that anticompetitive actions by the big media companies has cost sports-centric streaming provider Fubo billions of dollars in damages. Gandler, Fubo’s co-founder and CEO, told analysts on the streamer’s Q4 2023 earnings call Friday that the joint venture, targeted to launch later in 2024, is “attempt to monopolize the sports streaming industry and eliminate competition.” “Their proposed venture is, we believe, just the latest example of this sports cartel’s attempt to block and steal Fubo’s vision of what a sports-streaming bundle should look like, resulting in billions of dollars in damages to our business,” Gandler said on the earnings call.
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