FuboTV has successfully obtained a preliminary injunction from a New York federal court, halting the launch of a new “sports-first streaming business” by ESPN, Fox, and Warner Bros. Discovery. The streaming service argued that the joint venture, known as Venu, is an anticompetitive effort designed to push FuboTV out of the market.
Fubo Wins Bid to Block Venu Sports : Court Grants FuboTV’s Injunction Request
U.S. District Judge Margaret M. Garnett granted the injunction on Friday, agreeing with FuboTV’s assertion that it would suffer irreparable harm if its competitors were allowed to proceed with their joint venture while its antitrust lawsuit is pending. The order, though sealed, indicates that Judge Garnett found FuboTV likely to succeed in its claim that the joint venture would “substantially lessen competition and restrain trade” in violation of Section 7 of the Clayton Act.
“The balance of equities tips decidedly in favor of plaintiffs and the public interest would be served by the entering of a preliminary injunction,” Judge Garnett stated. She also noted that without the injunction, any future court rulings could be rendered ineffective if the joint venture were allowed to proceed.
Fubo Wins Bid to Block Venu Sports : Background of the Antitrust Case
FuboTV filed its lawsuit in February, accusing ESPN, Fox, and Warner Bros. Discovery of attempting to consolidate the market through their new venture, Venu, which Fubo claims would lead to higher prices and fewer choices for consumers. Fubo, which markets itself as “the world’s only sports-focused live TV streaming service,” argues that the venture is a direct attack on its business.
