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The dominant players in sports media—Disney, FOX, and Warner Bros—plan to roll out a joint streaming venture this fall. @JoaquinCastrotx and I are seeking more information to make sure this consolidation does not result in higher prices and fewer choices for consumers.
Disney-Fox-Warner Sports Streaming Venture Questioned In Letter From Congressmembers https://t.co/GjmcTux8w8
Disney, WBD and Fox Grilled by US Reps on Sports Joint Venture, Anticompetitive Concerns https://t.co/7ezwD3qG1f
U.S. Representatives Jerry Nadler and Joaquin Castro have raised concerns about a new joint sports streaming platform involving Disney, Fox, and Warner Bros Discovery. The congressmen sent a letter to the heads of these companies, posing 19 questions centered on issues of competition and vertical integration. They also requested that copies of the responses be sent to the Department of Justice. The lawmakers are worried that this collaboration among the dominant players in sports media could lead to higher prices and fewer choices for consumers.
