Variety: Disney-Fubo Deal Raises Antitrust Concerns, Senator Says

Sen. Elizabeth Warren has urged the Justice Department to carefully scrutinize Disney‘s deal to acquire a controlling stake in Fubo, saying the consolidation presents antitrust concerns.

Disney announced in January that it would merge its Hulu + Live TV service with Fubo and take 70% ownership of the combined company. A few days later, Disney, Fox and Warner Bros. Discovery dropped their plans to launch Venu Sports, a combined streaming service.

In a letter to the DOJ’s Antitrust Division, Warren argued that the Disney-Fubo deal allows the company to “gobble up a competitor” and could lead to higher prices.

“This proposed acquisition raises significant concerns under antitrust law, would give Disney increased market power and incentives to increase costs for viewers, and should be regarded as another data point in Disney’s history of anticompetitive behavior,” Warren wrote.

...

Read the full article here.

• Print
• Email
• Tweet