Judge calls foul on Venu, blocks launch of ESPN-Warner-Fox streaming service
by Financial Times from Ars Technica - All content on (#6Q1KJ)
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A US judge has temporarily blocked the launch of a sports streaming service formed by Disney's ESPN, Warner Bros and Fox, finding that it was likely to substantially lessen competition" in the market.
The service, dubbed Venu, was expected to launch later this year. But FuboTV, a sports-focused streaming platform, filed an antitrust suit in February to block it, arguing its business would suffer irreparable harm" as a result.
On Friday, US District Judge Margaret Garnett in New York granted an injunction to halt the launch of the service while Fubo's lawsuit against the entertainment giants works its way through the court.