Disney, Fox and Warner Bros. Discovery just want to get their new streaming sports venture on the field of play.

The three media giants pressed the courts for a fast appeal of the shutdown of the their Venu sports streamer Monday, noting that they had already spent $74 million on the joint venture and that the courts had “taken the extraordinary action” of blocking the debut of “a new, consumer-friendly product only weeks before it was set to launch.”

The appeal filing, made in the U.S. Court of Appeals for the Second Circuit, comes just ten days after a judge in U.S. District Court barred the trio from launching the new property after complaints from FuboTV, a sports-focused streaming service that alleged the launch of Venu would put it out of business. The judge found that Fubo would likely prevail on claims that the new broadband entity would “substantially lessen competition and restrain trade.” Fubo launched in 2015 as a start-up focused on streaming sports programming.

The Source: https://variety.com/2024/tv/news/disney-warner-fox-appeal-venu-streaming-sports-venture-shutdown-1236118832/