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Streaming Pay-TV Service Fubo, After Its Stock Tumbles 23%, Blasts New Disney-Fox-WBD Sports Bundle: “Every Consumer In America Should Be Concerned”
Streaming pay-TV operator Fubo, after its stock plunged 23%, blasted Disney, Fox and Warner Bros. Discovery's new sports streaming joint venture.
Streamingpay-TV operator Fubo, after its stock plunged 23%, issued a statement blasting the new sports streaming venture involving Disney, Fox Corp. and Warner Bros. The service has managed to consistently increase its subscriber base despite the challenging economics of the pay-TV business and the exit or decline of many of the original stalwarts of the virtual MVPD marketplace. YouTube TV has taken a commanding lead in terms of scale among online pay-TV operators, disclosing on Tuesday that it has surpassed 8 million subscribers, accounting for nearly half of the vMVPD market.
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