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Venu Sports, a joint venture between Disney, Warner Bros. Discovery, and Fox, is facing a legal challenge that has halted its launch. A federal court issued a preliminary injunction against the streaming service, leading the companies to appeal the decision. They argue that the delay is costing them tens of millions of dollars and affecting dozens of employees. The companies have already invested $74 million in the service. Fubo, a competitor, argues that each company could independently offer streaming services. The court case is set to go to trial in February.
Complete nonsense. ESPN & ESPN+ & all other Disney channels (don’t forget ABC!) affiliate fees are >=$20/mo. And are almost 100% gross margin. No way you recoup that with a $25-30/mo retail price for DTC ESPN. https://t.co/BPM6EQQ4KV
ESPN's plans were reported 1.5 years ago. What took so long? A 7-person team at https://t.co/qJLIqFD4kM does this ESPN wanted a cut of subscription fees, but launching with just NESN and Monumental Sports as "link" partners suggests those talks didn't go well https://t.co/LsAFikbrkg
The hottest new trend among sports media companies is helping sports fans find where games are amid the myriad of streaming options https://t.co/JIGOhd7x7m
