Disney-Fubo deal facing formal Department of Justice antitrust investigation
The criticisms of the Disney-Fubo move have escalated into an antitrust investigation.
The criticisms of the Disney-Fubo move have escalated into an antitrust investigation.
"Disney’s proposed acquisition of Fubo appears to allow Disney to simultaneously circumvent the lawsuit while gobbling up a competitor."
A pair of bipartisan senators are calling for an investigation into the two dominant sports betting outlets, DraftKings and FanDuel.
The political battle lines have been drawn in the Fubo-Venu Sports lawsuit while the Presidential Election adds another wrinkle.
The DOJ will file an amicus brief in support of Venu's injunction.
Bernie Sanders and Elizabeth Warren want the DOJ to look into ESPN-WBD-Fox joint venture Venu Sports on antitrust grounds.
"The agreement with Disney offers Sinclair an opportunity to charge consumers more by packaging their cable and broadcast programs."
Disney has agreed to sell the 22 Fox RSNs in order to gain DOJ approval for the rest of the Fox assets in question. There should be plenty of interested buyers.
The FIFA corruption scandal involves not just executives, but also media companies, and some with major ties to...