Disney-WBD-Fox sports bundle 'borderline racketeering': Fubo CEO

FuboTV (FUBO) has sued Disney (DIS), Warner Bros. Discovery (WBD), and Fox (FOXA, FOX) to block the three's planned sports streaming joint venture. Addressing this anti-trust suit, Fubo Co-founder and CEO David Gandler called this union of media giants a "sports cartel" aimed at stifling competition.
Gandler sits down with Yahoo Finance Live to discuss how these media companies have "utilized pernicious MFNs [Most Favoured Nations clauses] to distort pricing," driving up Fubo's cost of operations and forcing it to bundle more of its content together.
"This is almost borderline racketeering because what's happening in the industry is that the media companies are saying, 'look, if you want the full bundle, go get a paid TV subscription,' and at the same time, they're taking certain pieces of content out of the bundle to force the consumer to get that one extra game or two extra games to pay for another service," Gandler explains. "They're basically double paying in more than, I would say, 30 to 50% of cases for the same content.
#DISNEY #SPORTS #youtube
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[@skykitchen867]

I remember back in the 80's when there was an attempt to change The Movie Channel to a first run movie channel called Premiere. Justice Department said no, because it would create a monopoly. Fast forward to now, with the three piece suits of all this programming stepping all over themselves to take this over and that etc. Where is the Justice Department now?

[@DanielPryor-zk2hs]

Let’s go Fubo hope you win!

[@lindamcdaniel2419]

But they won’t.They don’t have a leg to stand on.

[@markanderson7236]

5:43 I find it hard to believe that these streaming services own 100% of these sports leagues, but I could see companies like CZcams being frugal enough to pursue such a strategy.

[@Believe768]

FUBo is done