Congress Investigates Disney, Fox, and Warner Bros. Discovery's Sports Streaming Venture

Lawmakers express concerns over potential anticompetitive effects and consumer impacts of the new joint venture.

Congressmen Jerry Nadler and Joaquin Castro have formally questioned the CEOs of Disney, Fox, and Warner Bros. Discovery regarding their sports streaming joint venture, seeking details by April 30.
The venture, potentially named 'Spulu', aims to integrate major sports broadcasts but excludes key players like NBCUniversal and Paramount Global.
Lawmakers are worried the collaboration could lead to higher consumer prices and unfair licensing terms for sports leagues and video distributors.
The Department of Justice has been asked to review the responses, indicating a high level of regulatory scrutiny.
FuboTV has filed a lawsuit against the joint venture, labeling it a 'cartel' and accusing it of anticompetitive practices.