US judge delays launch of sports streaming venture from Disney, media giants
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August 19, 2024 1:20 PM EDT
Shares of fuboTV Inc. (NYSE: FUBO) skyrocketed over 33% on Monday following a major legal victory that secured a preliminary injunction against Disney, Fox, and Warner Brothers Discovery.
The injunction, granted by U.S. District Judge Margaret Garnett, bars the three media giants from launching their sports-centric virtual multichannel video programming distributor (vMVPD) service, Venu.
According to Needham... More
August 19, 2024 12:37 PM EDT
Seaport Global Securities analyst David Joyce downgraded fuboTV (NYSE: FUBO) from Buy to Neutral.
The analyst comments "fuboTV's first legal victory against the Venu sports streaming JV, a judicial temporary injunction against Venu launching service in the near-term, has driven up... More
