Disney-WBD-Fox sports bundle 'borderline racketeering': Fubo CEO

FuboTV (FUBO) has sued Disney (DIS), Warner Bros. Discovery (WBD), and Fox (FOXA, FOX) to block the three's planned sports streaming joint venture. Addressing this anti-trust suit, Fubo Co-founder and CEO David Gandler called this union of media giants a "sports cartel" aimed at stifling competition.
Gandler sits down with Yahoo Finance Live to discuss how these media companies have "utilized pernicious MFNs [Most Favoured Nations clauses] to distort pricing," driving up Fubo's cost of operations and forcing it to bundle more of its content together.
"This is almost borderline racketeering because what's happening in the industry is that the media companies are saying, 'look, if you want the full bundle, go get a paid TV subscription,' and at the same time, they're taking certain pieces of content out of the bundle to force the consumer to get that one extra game or two extra games to pay for another service," Gandler explains. "They're basically double paying in more than, I would say, 30 to 50% of cases for the same content.
#DISNEY #SPORTS #youtube

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

- Follow Yahoo Finance on social:

X:   / yahoofinance  
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook:   / yahoofinance  
LinkedIn:   / yahoo-finance