Global Economy

FuboTV sues Disney, Fox, Warner Bros. over sports joint venture

Rafael Henrique | Lightrocket | Getty Images

FuboTV is suing Disney, Fox and Warner Bros. Discovery over their recently announced sports streaming joint venture, citing what the company calls “extreme suppression of competition in the U.S. sports-focused streaming market,” according to a copy of the lawsuit obtained by CNBC.

The joint venture, announced earlier this month, aims to offer viewers a new way to access marquee live sports. It’s slated to roll out this fall, but several questions remain around its pricing and structure.

“These horizontal competitors are colluding to create a JV that will cause substantial harm to competition and consumers,” the complaint reads.

The lawsuit also names Disney-owned ESPN and Hulu as defendants.

A spokesperson for the joint venture declined to comment.

This is breaking news. Please check back for updates.


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