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Warner Bros. Discovery is facing a lawsuit from investors over the loss of NBA media rights, which has significantly impacted the company. The lawsuit, seeking class action status, alleges that Warner Bros. Discovery misled investors by failing to disclose the financial ramifications of losing the NBA deal. This follows a $9.1 billion goodwill impairment charge related to the company's unsuccessful bid for the league's rights. The loss of NBA media rights has raised concerns about the company's strategic direction and its ability to retain key sports broadcasting deals.
Somehow the Fubo vs. Venu has become a Democrat vs. Republican battle. The Biden DOJ and the 16 states supporting Fubo are led by Democrats. https://t.co/7MePZ5stHf
The Department of Justice and 16 state attorneys general filed briefs agreeing with a judge's decision to temporarily block the launch of a streaming service that would have offered sports content from Disney (ESPN), Fox, and Warner Bros. Discovery. https://t.co/2sFntQV0H8
An update from @McCannSportsLaw on the Fubo v. Disney squabble as the Biden DOJ joins the fray. I describe Judge Garnett's opinion enjoining Venu TV as a "decision so poorly reasoned and detached from existing law that it is difficult to fathom." https://t.co/LPyXbWO9Jx https://t.co/jlaQvkaVvP
