Venu, the much-discussed streaming sports joint venture backed by Disney, Fox and Warner Bros. Discovery has been blocked from its goal.
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 “substantially lessen competition and restrain trade.” Fubo launched in 2015 as a start-up focused on streaming sports programming.
“We respectfully disagree with the court’s ruling and are appealing it,” Disney, Fox and Warner Bros. Discovery said in a statement. “We believe that Fubo’s arguments are wrong on the facts and
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