Venu Sports appears to offer a one-stop shop for broadcasting all types of athletic events. However, Disney (owner of ESPN), Fox and Warner Bros. The extensive sports content run by Discovery has raised questions about the upcoming streaming service. Three members of Congress have petitioned the Justice Department and the Federal Communications Commission to investigate whether Venu violated antitrust laws.
“If this BM [joint venture] If allowed to proceed, rivals Fox, Disney, and Warner Bros. would compete for access to more than half of the major sports licensing rights. will be forced to negotiate with and at the same time compete with these companies to offer the best product to stream or broadcast these programs. Sen. Elizabeth Warren (D-MA), Sen. Bernie Sanders (I-VT) and Rep. Joaquin Castro (D-TX) wrote in their report. . They also asked if Venu was causing a price hike for consumers. (Prices for Venu already seem pretty steep at $43 per month.)
This group is not the first to question this sports broadcasting initiative. Shortly after the announcement of the joint venture between the three companies, FuboTV became one It claimed that Venu would violate antitrust laws.
