Friday, August 16, 2024

FOX Disney Warner Sports JV Restrained in SDNY Order After 4 Day Antitrust Hearing


by Matthew Russell Lee, Patreon Book Substack

SDNY COURTHOUSE, Aug 16 – FuboTV has sued Disney, Fox and others or alleged antitrust violations in their Venu Sports joint venture, has this week been arguing for a preliminary injunction to halt Venu before it starts. Inner City Press is covering it. 

  On August 8 before U.S. District Court for the Southern District of New York Judge Margaret Garnett, defense witness Edwin Desser was cross examined by FuboTV's lawyer Rachel Anderson. Thread.

On August 9, evidence closed with defense expert Whinston. Thread

On August 16, Judge Garnett enjoined the JV: "re: [94] MOTION for Preliminary Injunction . filed by FuboTV Inc., FuboTV Media Inc.. The Motion is HEREBY GRANTED. ORDER FOR PRELIMINARY INJUNCTION ... the JV Defendants will substantially lessen competition and restrain trade in the relevant market in violation of Section 7 of the Clayton Act, 15 U.S.C. § 18. It is therefore HEREBY ORDERED, ADJUDGED, AND DECREED that the JV Defendants and their officers, directors, employees, agents, and all other persons acting on their behalf are hereby ENJOINED and RESTRAINED from launching the JV pending final adjudication of the merits of this case or further order of the Court. SO ORDERED. (Signed by Judge Margaret M. Garnett on 8/16/2024)

Full 69 page order on Patreon here

 The case is FuboTV Inc. et al. v. The Walt Disney Company, et al., 24-cv-1363 (Garnett)

***

Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron.

sdny

Feedback: Editorial [at] innercitypress.com