Judge Bars Disney, Warner, Fox From Launching Sports Streamer Venu

Venu, the much-discussed streaming sports joint venture backed by Disney, Fox and Warner Bros. Discovery has been blocked from its goal.

U.S. District Judge Margaret Garnett in federal court in Manhattan barred the three companies on Friday from launching Venu, deciding that the FuboTV sports streaming service would likely prevail on claims that the new broadband entity would l “substantially lessen competition and restrain trade.”

Disney, Fox, Warner Breos. Discovery did not respond immediately to queries seeking comment, nor did a Venu spokesperson.

More to come…