FuboTV's antitrust trial against Disney, media giants set to begin in October 2025

FuboTV

12/09/2024 23:41

Sept 12 (Reuters) - FuboTV's  FUBO.N  antitrust trial
against the launch of a new sports streaming service by Walt
Disney  DIS.N , Fox  FOXA.O  and Warner Bros Discovery  WBD.O 
is set to begin on Oct. 6 next year, according to a court filing
on Thursday. 
    A U.S. judge had temporarily blocked Venu Sports, a joint
venture backed by the three media giants, after rival sports
streaming service FuboTV accused them of antitrust practices
that would prevent competition and lead to price hikes for
customers.
    Venu's media partners could "exercise near-monopolistic
control" over sports rights to prevent rivals from emerging,
U.S. District Judge Margaret Garnett had said last month.
    Venu Sports, led by former Apple  AAPL.O  executive Pete
Distad, is aiming for 5 million subscribers in the first five
years and was expected to launch in the United States this fall.
    The platform will be priced at $42.99 per month with a
seven-day free trial, and was launched to attract younger
viewers who are not tuned in to cable TV. 
    
    

 (Reporting by Harshita Mary Varghese in Bengaluru; Editing by
Krishna Chandra Eluri)
 ((HarshitaMary.Varghese@thomsonreuters.com;))