Judge Blocks Project Raptor Launch, FuboTV Stock Rises 20% in Victory

Aug 16, 2024, 07:12 PM

A federal judge has temporarily blocked the launch of a sports streaming service backed by Disney, Fox, and Warner Bros. Discovery following a legal challenge by FuboTV. The decision comes after a four-day hearing where FuboTV argued that the joint venture, known as Project Raptor, would lessen competition and unfairly dominate the market. Judge Garnett's ruling grants FuboTV a preliminary injunction, effectively halting the launch of the service. This legal victory has led to a significant increase in FuboTV's stock price, which rose by 20% following the announcement.