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.

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Persons: David Gandler Organizations: Disney, Fox, Warner Bros, Discovery, CNBC, JV, ESPN, Hulu Locations: U.S