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FuboTV sues Disney, Fox, and Warner Bros. for alleged anticompetition

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Sports streaming service FuboTV has launched a lawsuit against entertainment giants Disney, Fox, and Warner Bros. Discovery.

The lawsuit claims the firms' new joint venture unfairly restricts competition within the US sports streaming market

This collaboration offers a new approach to consuming top-tier live sports content, with plans to debut in the fall. 

However, details regarding its pricing and operational framework remain unclear.

The lawsuit accuses these major companies of conspiring to damage competition and consumer interests through their joint venture. 

Disney's ESPN and Hulu are also implicated in the case.

David Gandler, CEO of FuboTV, said: “Each of these companies has consistently engaged in anticompetitive practices that aim to monopolize the market, stifle any form of competition, create higher pricing for subscribers and cheat consumers from deserved choice.

“By joining together to exclusively reserve the rights to distribute a specialized live sports package, we believe these corporations are erecting insurmountable barriers that will effectively block any new competitors from entering the market.”

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FuboTV claims Disney, Fox, and Warner Bros. control a large share of the US live sports content, previously imposing bundling demands and exorbitant licensing fees, leading to higher consumer prices. 

The company argues that the joint venture will enable these media giants to offer lower prices by circumventing the restrictions that previously applied to them, thus gaining an unfair advantage in the market.

The joint venture has already sparked concern among traditional pay-TV providers, fearing it could accelerate cable TV subscription cancellations. 

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