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NY Judge Grants Fubo Request To Block Disney-Fox-WBD Venu Sports Bundle; Companies Vow Appeal In Antitrust Case
A federal judge granted Fubo's request that a sports bundle of Disney, Fox Corp. and Warner Bros. Discovery channels, be blocked on antitrust grounds.
But even if the JV defendants swear that such price-hiking and competition excluding will not actually occur (though, as discussed below, there is good reason to believe that it will), one purpose of antitrust injunctions is to prevent anticompetitive incentives from forming in the first place so that American consumers do not have to simply take their word for itand hope for the best.” Garnett also noted that the case revolved around the ability to broadcast live sports, which she said “has remained a crucial and irreplaceable source of revenue and power” in the industry. Fubo’s stock, which has slumped badly in recent months as Venu has ramped up and approached its planned launch in time for football season, soared after the ruling.
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