Today's Business Headlines: 08/16/24
A federal judge on Friday put on pause a plan by Walt Disney , Fox and Warner Bros Discovery to launch a newUS District Judge Margaret Garnett in New York said in the ruling that a temporary injunction blocking the new streaming venture was appropriate.
Fubo said in its Feb. 20 lawsuit that the proposed venture would “destroy competition and inflate prices for consumers.”The three companies said in a statement they believed Fubo’s arguments were wrong and that they would appeal the court’s ruling. Disney wrongful death lawsuit is terms and conditions warning for consumers — how can you protect yourself?Widower of doctor who suffered fatal allergic reaction rips Disney+ subscription defense: ‘Borders on absurd’
“Venu Sports is a pro-competitive option that aims to enhance consumer choice by reaching a segment of viewers who currently are not served by existing subscription options,” they said.Earlier this month, Venu Sports said it planned to launch in the United States this fall, with a broad portfolio of sports offerings, including 14 live sports channels and a library of content. It has said it hoped to attract 5 million subscribers within five years of its debut.
Blake Lively interviewer reveals she's infertile after actress points out her 'little bump': 'That comment was like a bullet'
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Venu Sports, the Disney-Fox-Warner Bros. streamer, temporarily blocked by judgeDigital distributor Fubo, which has cobbled together its own sports package, challenged the media companies' partnership in court, making an argument that it would violate antitrust laws. A judge has granted a temporary injunction.
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Senators want an investigation of the Fox–Disney–Warner Bros sports bundleSens. Elizabeth Warren (D-MA) and Bernie Sanders (I-VT) urged the DOJ and FCC to scrutinize the Venu Sports joint venture for potential violations of antitrust law.
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Fox, Disney, Warner Bros Discovery's sports-streaming JV priced at $42.99/monthVenu Sports, the streaming service formed by Walt Disney, Fox and Warner Bros Discovery, will be priced at $42.99 per month with a seven-day free trial, it
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Disney, Fox and Warner Bros Discovery reveal price for new sports streaming serviceVenu Sports will include games from the NFL to NASCAR, as well as college sports, golf, tennis and soccer.
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Sports streaming venture from Fox, Disney and Warner Bros. priced at $42.99 a monthLillian Rizzo covers media, sports and other business news for CNBC.
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All-sports streaming service Venu Sports announces monthly subscription priceService is joint venture between ESPN, Fox & Warner Bros. Discovery
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