Disney’s recent joint venture with two other media companies may have landed them in hot water.
We recently discovered that Disney announced a HUGE partnership merger deal with Fox, ESPN, and Warner Bros. Discovery! We had also reported that this merger may violate Federal Law, but now there’s a new discovery that could further muddy the waters.
FuboTV, the sports streaming service, is set to sue Disney, Fox, and Warner Bros. Discovery over this recently announced joint venture, per CNBC.
The lawsuit details that this merger is a complete market suppression, meaning that the merger is almost engulfing the available market in an unfair way. FuboTV’s lawsuit also names both ESPN and Hulu as defendants, making sense since they are owned by Disney.
According to the lawsuit, this merger completely undercuts the market by allowing the services to work around what channels they have to carry, avoid certain price requirements, and ultimately gives them more of a competitive edge which ices out the other competitors.
We’ll keep you updated as this lawsuit progresses, as it’s quite interesting this is another news story to have come out from the merger announcement. Stay tuned to Disney Food Blog for more as it happens.
We’ve got all the latest Disney news here!
Join the DFB Newsletter to get all the breaking news right in your inbox! Click here to Subscribe!
WE KNOW DISNEY.
YOU CAN, TOO.
Oh boy, planning a Disney trip can be quite the adventure, and we totally get it! But fear not, dear friends, we compiled EVERYTHING you need (and the things to avoid!) to plan the ULTIMATE Disney vacation.
Whether you’re a rookie or a seasoned pro, our insider tips and tricks will have you exploring the parks like never before. So come along with us, and get planning your most magical vacation ever!
What do you think of all the merger news? Let us know in the comments below!
The post NEWS: Disney Faces New Lawsuit Over Newest Sports Streaming Venture first appeared on the disney food blog.