Posted 2/21/2024, 12:00:00 AM
FuboTV Sues Disney, Fox, Warner Bros. to Block $1 Billion Sports Streaming Service, Alleges Anticompetitive Practices
- FuboTV filed a $1 billion antitrust lawsuit seeking to stop Disney, FOX, and Warner Bros. from launching a joint sports streaming service
- The lawsuit alleges Fubo is forced to carry expensive non-sports channels to get rights to sports networks from those companies
- Fubo claims the media companies charge it up to 50% higher licensing rates than other distributors
- The new streaming service would combine channels like ESPN, TNT, FOX, and FS1 under one umbrella
- Fubo saw its stock price drop over 25% after the streaming service deal was announced and seeks to block its launch