DOJ Initiates Antitrust Review of Disney-Fox-WBD Sports Streaming Venture

The review targets the joint venture's potential to harm consumers and limit competition, amid concerns from smaller providers and streaming services.

• The Department of Justice will review the Disney, Fox, and Warner Bros. Discovery sports streaming joint venture for potential antitrust violations.
• Concerns have been raised by smaller providers and streaming services like Fubo, citing the venture as anticompetitive and harmful to consumer interests.
• The venture, set to launch in the fall, aims to serve 'cord nevers' with content from major networks and sports, potentially controlling 55% of US sports rights by cost.
• Pricing details are yet to be disclosed, but the service is expected to be cheaper than YouTube TV, targeting around 60 million households.
• The joint venture does not include Paramount Global and Comcast’s NBCUniversal, with no current plans to add new partners.

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