Venu Sports, the joint sports streaming venture backed by Disney, Fox Corp. and Warner Bros. Discovery, has laid out its case to a federal appeals court, requesting permission to resume its plans to launch.
The company’s brief, filed late Friday in the U.S. Court of Appeals for the Second Circuit, comes months after pay-TV operator Fubo filed an antitrust lawsuit accusing the media giants of mounting Venu as a way to put Fubo and other distributors out of business. Last month, a judge in New York stunned the media business by siding with Fubo, granting its request for a preliminary injunction barring Venu’s from proceeding with its debut.
“Programmers are caught in a perfect storm: content costs are rising while revenue is shrinking, both due to increased competition,” Venu said in the brief. “To weather this storm, programmers have taken steps to diversify their distribution methods.” (Read
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