The launch of Venu Sports, a sports streaming platform, has been delayed by a federal judge on Friday amid an antitrust lawsuit.
A sports streaming venture by Fox, ESPN and Warner Bros. Discovery was temporarily blocked by a federal judge on Friday.
The three media companies planned to launch Venu Sports, a sports streaming platform that would offer several networks, in the fall, but have hit a snag due to FuboTV. Each company would share one-third ownership of the streaming service.
Two weeks after the new sports streaming service was announced in February, FuboTV filed a lawsuit claiming that the anticipated streaming service violated antitrust laws. It said in the suit filed on February 20 that the joint venture would « destroy competition and inflate prices for consumers. »
On Friday, U.S. District Court Judge Margaret M. Garnett in the Southern District of New York granted FuboTV’s motion for a preliminary injunction, delaying the start of Venu Sports.
