Sen. Warren Urges DOJ to Review Disney-Fubo Merger

Senator Elizabeth Warren is urging the U.S. Department of Justice to investigate Disney's proposed acquisition of FuboTV, citing potential antitrust violations and concerns about increased market power and subscription prices. The deal would merge Disney's Hulu + Live TV with Fubo, giving Disney a 70% stake in the new entity, a move Warren argues could lead to reduced competition in the sports streaming market. This acquisition follows Fubo's legal battle against Disney and other companies over their now-defunct Venu Sports joint venture, which Fubo claimed aimed to monopolize sports content. Warren's letter to the DOJ highlights the risks of Disney's growing dominance in the industry, especially following the resolution of Fubo's lawsuit against Disney and its partners. The merger could circumvent previous legal hurdles and further consolidate Disney's power in the streaming landscape, potentially leading to higher consumer costs. As the scrutiny unfolds, the DOJ's response will be crucial in determining the future dynamics of the streaming market.