Judge Blocks Venu Sports Launch Amid FuboTV Antitrust Lawsuit

Aug 19, 2024, 01:12 PM

A federal judge in New York has temporarily blocked the launch of a new sports streaming service called Venu, which was a joint venture involving ESPN, Fox, Discovery, and Warner Bros, priced at $43/month. The decision came on August 16 after FuboTV filed a lawsuit claiming that the joint venture would violate antitrust laws. The judge ruled that FuboTV was likely to succeed in proving its case. Following the ruling, FuboTV's stock saw a significant increase, with pre-market gains reaching 20%. The lawsuit has put the future of the Venu Sports project into uncertainty.