Fubo CEO Accuses Disney, Fox, Warner of 'Racketeering' Over Sports Streaming Bundle
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Fubo CEO Gandler called Disney, Fox, and Warner Bros. Discovery a "sports cartel" engaging in "borderline racketeering" through their planned sports streaming bundle.
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Gandler says the bundle is the "latest example" of attempts to "block and steal Fubo's vision" of what a sports streaming service should be.
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Fubo filed a lawsuit over the bundle, saying it would have been profitable in 2023 if not for "anti-competitive practices" forcing Fubo to accept less desirable programming to get sports rights.
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Gandler says the legal fight against the "cartel" is a "duel to the death" that Fubo is committed to continuing despite the costs.
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Fubo posted strong Q4 results but is not yet profitable; execs pledge to be free cash flow positive by 2025 despite the "Goliaths" it's battling in court.