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☆ Fubo CEO on suing Disney and Fox: 'Sports cartel' hurts customers and competition
  + stars: | 2024-02-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFubo CEO on suing Disney and Fox: 'Sports cartel' hurts customers and competitionDavid Gandler, FuboTV CEO, joins 'Squawk on the Street' to discuss the company's lawsuit against a sports streaming venture from Disney, Warner Bros. Discovery and Fox, if the launch of the venture would be better for consumers, and the best case scenario outcome.
Persons: David Gandler Organizations: Disney, Fox, ' Sports, Warner Bros . Discovery
☆ FuboTV sues Disney, Fox, Warner Bros. over sports joint venture
  + stars: | 2024-02-20 | by ( Sara Salinas Julia Boorstin | Sara Salinas | In Saracsalinas | ) www.cnbc.com   time to read: +1 min
Sports streaming platform FuboTV is suing Disney , Fox and Warner Bros. Discovery over their recently announced joint venture, citing what the company calls "extreme suppression of competition in the U.S. sports-focused streaming market," according to a copy of the lawsuit obtained by CNBC. The joint venture, announced earlier this month, aims to offer viewers a new way to access marquee live sports. "These horizontal competitors are colluding to create a JV that will cause substantial harm to competition and consumers," the complaint reads. A spokesperson for the joint venture declined to comment.
Persons: David Gandler Organizations: Disney, Fox, Warner Bros, Discovery, CNBC, JV, ESPN, Hulu Locations: U.S
☆ FuboTV insiders describe how its 'doomed' sportsbook collapsed in a year — and what it means for the future of the streaming company
  + stars: | 2023-01-19 | by ( Colin Salao | Ashley Rodriguez | ) www.businessinsider.com   time to read: +22 min
But despite the MetLife lounge remaining open throughout the 2021-22 NFL season, the Fubo Sportsbook wouldn't launch in New Jersey until the following one, in September 2022. "It was doomed from the start," one former Fubo Gaming staffer told Insider. Meanwhile, Rattner — whom the first former Fubo gaming staffer described as a "good talker" — sustained the startup's more youthful culture. The Fubo Sportsbook launched in New Jersey on September 7, days before the first Jets home game. A promotional image from when the Fubo Sportsbook went live in New Jersey in September 2022.
☆ Sports gambling opportunities for marketers
  + stars: | 2022-09-22 | by ( Paul Verna | ) www.businessinsider.com   time to read: +7 min
And sports gambling, which is now legal in nearly half the US, is emerging as a market opportunity for brands and broadcasters alike. Legalized sports gambling in the US will generate $2.1 billion in revenues this year. It also tallies states with active sports gambling legislation as well as those with no legislation or dead legislation. As of May 2021, sports gambling was legal and active in 21 states plus the District of Columbia. In addition, MGM Resorts International projects that sports gambling will generate $13.5 billion by 2025, with 38 US states participating by that time.
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