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The launch of Venu Sports will be delayed after a federal ruling granted FuboTV’s move for an initial injunction against its planned sports streaming assignment across ESPN, Fox and Warner Bros. Discovery.
U. S. District Judge Margaret M. Garnett of the Southern District of New York said in her 69-page ruling that Fubo would likely succeed in showing that the joint venture would violate antitrust law and that Fubo and consumers “would face irreparable harm in the absence of an injunction. ” judicial. “
Fubo TV filed suit two weeks after ESPN, Fox, Warner Bros. Discovery and Hulu announced plans to offer a sports streaming service on February 6.
FuboTV said in its filing that it had been looking for years to offer a sports-only streaming service, but was prevented from doing so because of ESPN. Fox and Warner Bros. Discovery have imposed bundling needs on FuboTV, which would require “Fubo to spend scores of millions of dollars to license and stream content its consumers don’t need or need. “
Venu Sports announced on August 1 that it would be available for $42. 99 per month and is expected to launch in the fall.
The platform would come with offerings from 14 linear networks: ESPN, ESPN2, ESPNU, SEC Network, ACC Network, ESPNEWS, ABC, FOX, FS1, FS2, Big Ten Network, TNT, TBS, truTV, as well as ESPN.
Subscribers would have the ability to bundle the product with Disney, Hulu, and/or Max.
“We will launch the program at an interesting price that will appeal to cord-cutter and cable enthusiasts that has never before been offered through existing pay-TV packages,” Pete Distad, CEO of Venu Sports, said in a statement.
ESPN, Fox and Warner Bros. Discovery will share a third interest in the joint venture.
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Disney is the parent company of ESPN and this ABC station.
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