A detail view of a broadcast camera is seen with the NFL crest and ESPN Monday Night Football logo on it during a game between the Chicago Bears and the Minnesota Vikings at Soldier Field in Chicago on Dec. 20, 2021.Icon Sportswire | Icon Sportswire | Getty ImagesA U.S. judge temporarily blocked media companies Disney, Warner Bros. Discovery and Fox from launching their sports streaming service, Venu, according to court filings. The temporary injunction, granted in response to a lawsuit brought by Fubo TV, comes just weeks ahead of the start of the NFL season. The companies had planned to launch their service by that date.The lawsuit brought by Fubo, an internet TV bundle akin to the traditional pay TV package, had claimed Venu would upend its business. “We respectfully disagree with the court’s ruling and are appealing it,” the companies said in a joint statement on Friday. “We believe that Fubo’s arguments are wrong on the facts and the law, and that Fubo has failed to prove it is legally entitled to a preliminary injunction. 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.”Fubo’s stock was up 20% on the news of the injunction. A Fubo representative didn’t immediately comment. This is breaking news. Please refresh for updates.
Judge temporarily blocks sports streaming service Venu, ruling in favor of Fubo TV on antitrust concerns
Related Posts
EU threatens Apple with fines if it doesn’t open up highly guarded iOS software to rivals
EU antitrust regulators on Thursday warned Apple to throw open its fiercely-guarded proprietary software to rivals — or risk the prospect of major fines from. The European Commission launched so-called specification…
European Union moves to compel Apple to open up operating system to rival tech
The European Union says it will outline steps to compel Apple to open up its iPhone and iPad operating systems to competing technologies under the bloc’s tough new digital rulebook,…