FuboTV, a sports streaming platform, has filed a lawsuit against Disney, Fox, and Warner Bros. Discovery regarding their collaborative venture. The lawsuit claims that the joint venture severely suppresses competition in the U.S. sports-focused streaming market. The lawsuit, obtained by CNBC, raises concerns about the impact of the joint venture on the accessibility of live sports, particularly in terms of pricing and structure.
The complaint alleges that these companies are colluding to create a joint venture that will harm competition and consumers. The lawsuit also includes Disney-owned ESPN and Hulu as defendants, accusing them of engaging in anticompetitive practices to monopolize the market and limit consumer choice.
FuboTV CEO David Gandler stated, “Each of these companies has consistently engaged in anticompetitive practices that aim to monopolize the market, stifle any form of competition, create higher pricing for subscribers and cheat consumers from deserved choice.” The lawsuit aims to address these concerns and prevent the potential negative impact on the streaming market.
2024-02-20 17:52:08
Article from www.cnbc.com