A federal judge in New York has granted Fubo‘s request for Venu Sports, a planned sports bundle of Disney, Fox Corp. and Warner Bros.
Discovery channels, be blocked on antitrust grounds. Fubo filed a lawsuit in February, blasting Venu as a “cartel” effort to do lasting damage to its growing pay-TV operation.
U.S. District Judge Margaret Garnett issued her ruling (read it HERE) granting a preliminary injunction on Friday afternoon.
The decision came after several days of testimony from a number of high-level executives in the media business. “Once the JV launches, the JV defendants have no reason to take actions that could allow for the emergence of direct competitors,” Garnett wrote. “Quite the opposite: the multi-year monopolistic runway they have created for themselves will provide powerful incentives to thwart competition and hike prices on both consumers and other distributors.
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