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Game On! Disney, Warner Bros Discovery & Fox Pummeled By Fubo TV Antitrust Suit Over Proposed Sports Mega-Streamer
The planned sports streamer team-up between Disney, Warner Bros Discovery and Fox may be stuck at the starting line if Fubo TV gets its way in court. Looking at billions in damages, an antitrust lawsuit filed this morning by the nearly decade old live sports platform aims to stymie the trio’s big bundle move ASAP. […]
“For decades, Defendants have leveraged their iron grip on sports content to extract billions of dollars in supra-competitive profits from distributors and consumers,” the filing by Fubo TV Inc in federal court in New York states. Discovery announced plans for a bundled service that would feature linear feeds spanning some 14 networks and a bit more than half of all sports rights in the U.S. Each company will own one-third of the joint venture, whose name, pricing and other details remain murky. The duplicative nature of the feeds also means that it could cost north of $50 a month given that “most-favored nations” clauses in contracts with pay-TV operators would prevent the new entity from offering deep discounts on premium sports fare.
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