The news: Senator Elizabeth Warren has urged the US Department of Justice (DOJ) to investigate Disney’s acquisition of a controlling stake in Fubo, citing potential anticompetitive concerns.
- In January, Disney announced it would merge its Hulu + Live TV service with Fubo, with Disney owning 70% of the combined company. This deal ended a previous lawsuit filed by Fubo against Disney, Fox, and Warner Bros. Discovery regarding their proposed sports streaming service, Venu.
- Warren argues that the deal allows Disney to circumvent the lawsuit while acquiring a competitor, potentially leading to higher prices and less market competition for viewers.