Published: November 7, 2024

Fubo-Venu Sports Legal battle rages – here’s the latest news

By Movieguide® Contributor

As the lawsuit between sports streamers Venu and Fubo continues, Fubo continues to insist that Venu has an “artificial advantage” that will destroy competitors.

Venu Sports was due to launch earlier this year, backed by Disney, Fox and Warner Bros. Discovery, but Fubo, another sports streamer, filed a lawsuit that temporarily halted Venu’s plans.

READ MORE: WHY A RIGHT BLOCKED INDUSTRY-CHANGING SPORTS STREAMING BUNDLE

Fubo recently filed another brief arguing that Venu “has a built-in advantage: the exclusive right to distribute their combined, commercially critical sports content without also having to pay for — and forcing viewers to pay for unwanted non-sports channels.”

The letter also argued that Venu has an “artificial advantage” because it is structured “to avoid anything like competition on the merits.”

“The artificial advantage will capture hundreds of thousands of subscribers and tens of millions of dollars from Fubo alone, putting Fubo out of business and destroying or damaging other distributors,” the report continued.

Deadline reported on the brief, writing: “Fubo’s 60-page response is based on emails and comments from executives at the three media companies. It highlights a de facto ‘non-compete’ agreement between them to refuse to make their networks available in new environments outside of Venu for at least three years.”

“It also notes that the three companies control more than 50% of live sports rights in the US (with NBCUniversal and Paramount Global conspicuously absent), but quotes executives claiming an even larger market share, closer to 60% or even 75%” , the newspaper said. exhaust continued.

If Fubo wins the lawsuit, this could mean major changes to its financial situation.

MSN reported that since its founding in 2015, “Fubo has yet to report a profit…At the preliminary hearing in August that led to the court-ordered freeze of the Venu business, lawyers and witnesses for the company described the nine-year red of the company. ink runs normally for a startup, assuring the court that, assuming Venu is not allowed to live, Fubo would be profitable by 2025.”