On February 8, new of a joint venture proposal forged by The Walt Disney Co. owner ESPN, FOX Corporation and Warner Bros. Discovery to create a sports-focused subscription video-on-demand platform with a reported $40 per month fee triggered a Wall Street sell-off for some broadcast TV companies.
While Gray Television and FuboTV responded with official statements in response to the “Hulu for Sports” plan, FuboTV in late February filed an antitrust lawsuit in a New York federal district court against the trio of media giants in a move designed to put a stop to its plans.
Now, two Members of Congress have chimed in to express their concerns of negative consumer impact and anti-competitive behavior as a result of their sports streaming joint venture.
