FuboTV shares see wild swings; Venu Sports to be discontinued

FuboTV

10/01/2025 15:22

(Updates)
    ** Shares of live TV streaming platform FuboTV  FUBO.N 
remain volatile; last down 2.6% at $5.21 in morning trading
        ** FUBO's shares rose about 11% at market open; stock
also swung directions in premarket trading
  
        ** Walt Disney  DIS.N , Fox Corp  FOXA.O  and Warner
Bros Discovery  WBD.O  will abandon the proposed joint venture,
Venu Sports
    ** With the FUBO live TV deal with DIS and the upcoming ESPN
Super App, the players felt the regulatory challenge and
approval process was not worth the hassle, says Doug Arthur,
analyst at Huber Research Partners LLC
    ** U.S. satellite TV provider DirecTV challenged a dismissal
of FUBO's lawsuit against Venu Sports
    ** DirecTV said the settlement did not resolve antitrust
issues around the sports streaming joint venture
    ** FUBO had sued the three media giants behind Venu in
February, claiming the venture would reduce competition and
increase prices for consumers
    ** FUBO shares fell ~60% in 2024

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))