BUZZ-FuboTV falls after DirecTV raises concerns on Venu Sports settlement

Reuters
10 Jan

** Shares of live TV streaming platform FuboTV fall 6.5% to $5.00 premarket

** U.S. satellite TV provider DirecTV challenged a dismissal of FUBO's lawsuit against Venu Sports, a sports streaming venture planned by Walt Disney , Fox Corp and Warner Bros Discovery

** DirecTV says the settlement does not resolve antitrust issues around the sports streaming joint venture

** FUBO had sued the three media giants behind Venu in February, claiming the venture would reduce competition and increase prices for consumers

** Earlier this week, FuboTV asked the U.S. District Court in Manhattan to dismiss its lawsuit against Venu after DIS said it would merge its Hulu + Live TV business with the smaller rival

** FUBO shares had fallen ~60% in 2024

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; ))

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