DOJ files brief in support of Fubo in Venu Sports lawsuit… for now
The Department of Justice came down firmly on the side of Fubo in their lawsuit against Venu Sports, but their support may be fleeting.
The Department of Justice came down firmly on the side of Fubo in their lawsuit against Venu Sports, but their support may be fleeting.
The political battle lines have been drawn in the Fubo-Venu Sports lawsuit while the Presidential Election adds another wrinkle.
The DOJ will file an amicus brief in support of Venu's injunction.
The Venu Sports-Fubo lawsuit has become a political football with Democrats and Republicans falling on opposite sides.
"They claim this is a very innovative product, but it's only innovative because they've stifled the rest of us."
Sports media's history is littered with failed joint ventures. Will Venu Sports be the latest?
Fox Sports has made its move trying to separate part of the Fubo lawsuit, marking the first crack in the Venu Sports triumvirate.
"It would be fool’s gold to invest in something like this when you can get all of that stuff by going through your cable subscription."
"It is really focused on sports fans that are not currently part of the MVPD ecosystem..."
ESPN, WBD, and Fox filed an expedited appeal in the ruling putting a pause on Venu Sports, claiming to have already invested millions.
The positive news for Fubo last week regarding Venu Sports has caused the company's stock to soar.
Federal judge Margaret Garnett agreed with Fubo's claims against the Venu Sports joint venture, granting a preliminary injunction.
"We think that the broad reach of broadcast TV with our streaming strategy is a phenomenal combination, and it's been super successful for us."
During hearings for its lawsuit from Fubo, new insights were given into the effort from ESPN, Fox, and WBD to create a sports bundle.
Bernie Sanders and Elizabeth Warren want the DOJ to look into ESPN-WBD-Fox joint venture Venu Sports on antitrust grounds.
The stakes couldn't be higher for both companies as Venu Sports and Fubo took to a federal courtroom to lay out their existential arguments.
Fubo's CEO David Gandler used part of his company's earnings call to fire a salvo at Venu Sports.
Venu Sports will be available for $42.99 a month at launch, and those who sign up then will get that price for at least 12 months.
A lot can change between now and launch, but this gives us some potential insight into what to expect.
As its expected fall launch approaches, Venu Sports announced several new executives.
Congressmen Jerry Nadler and Joaquin Castro sent a second missive at WBD, Fox, and Disney execs regarding worries about Venu Sports.
TNT would seemingly have its work cut out to replenish sports inventory and hold up its end of the bargain.