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Judge Bars Disney, Warner, Fox From Launching Sports Streamer Venu
A federal judge has issued an injunction against the launch of Venu, a streaming sports venture backed by Fox, Disney and Warner Bros. Discovery
Venu, the much-discussed streaming sports joint venture backed by Disney, Fox and Warner Bros. U.S. District Judge Margaret Garnett in federal court in Manhattan barred the three companies on Friday from launching Venu, deciding that the FuboTV sports streaming service would likely prevail on claims that the new broadband entity would l “substantially lessen competition and restrain trade.” The three parent companies are targeting a new generation of consumers who disdain the high costs of traditional cable packages are more at home with signing up for streaming venues that are relatively easy to get in and out of based on the availability of favorite entertainment programs or sporting events.
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