Today news
Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
Related News
Fox Corp Warner Bros Todd Spangler Ny Fox Bros New York New York Digital BLOCK Platform Bill Markets Sporting Fox Corp Warner Bros Todd Spangler Ny Fox Bros New York New York

Fubo Sues Disney, Fox and Warner Bros. Discovery Over Their Planned Sports Streaming Platform, Alleging It Violates Antitrust Law

Reading now: 132
variety.com

Todd Spangler NY Digital Editor Fubo, which bills itself as a sports-first TV subscription streaming service, is suing Disney, Fox Corp.

and Warner Bros. Discovery over the trio’s plans to launch a sports streaming bundle. In a lawsuit filed Tuesday, New York-based Fubo alleges that Disney, Fox, WBD and their affiliates have “engaged in a years-long campaign to block Fubo’s innovative sports-first streaming business resulting in significant harm to both Fubo and consumers.” The complaint alleges that the forthcoming launch of their sports-streaming joint venture, pegged for the fall of 2024, “steals Fubo’s playbook” and violates antitrust law.

In its complaint, filed in the U.S. District Court for the Southern District of New York, Fubo seeks to block the joint venture or alternatively require restrictions on the defendants in order for the JV to proceed, such as “economic parity of licensing terms.” Fubo also said it seeks “substantial” monetary damages but its complaint did not specify an amount. “Fubo believes it has incurred billions of dollars in damages as a result of the Defendants’ actions,” the streaming company said.

Reps for Disney and Warner Bros. Discovery declined to comment. Fox Corp. did not respond to requests for comment. On Feb. 6, Disney/ESPN, Fox Corp.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA