The launch of Venu Sports will be delayed after a federal judge granted FuboTV's motion for a preliminary injunction against the planned sports streaming venture by ESPN, Fox and Warner Bros. Discovery. U.
S. District Judge Margaret M. Garnett in the Southern District of New York said in her 69-page ruling that Fubo was likely to be successful in proving during a trial that the joint venture would violate antitrust laws, and Fubo and consumers would “face irreparable harm in the absence of an injunction.
” ESPN, Fox and Warner Bros. Discovery said they would appeal the ruling. FuboTV filed the lawsuit two weeks after ESPN, Fox, Warner Bros.
Discovery and Hulu announced their plan to offer a sports streaming service on Feb. 6. FuboTV said in its filing that it has tried for years to offer a sports-only streaming service but has been prevented from doing so because of ESPN.
Fox and Warner Bros. Discovery have imposed bundling requirements on FuboTV which it says forces “Fubo to spend hundreds of millions of dollars to license and broadcast content that its customers do not want or need.” “Today’s ruling is a victory not only for Fubo but also for consumers.
This decision will help ensure that consumers have access to a more competitive marketplace with multiple sports streaming options," Fubo co-founder and CEO David Gandler said in a statement. “But our fight continues. Fubo has said all along that we seek equal treatment from these media giants, and a level playin.