Disney, Warner and Fox urge swift closure of streaming venue

Disney, Fox and Warner Bros. Discovery just want to get their new streaming sports venture onto the playing field.

The three media giants urged the court on Monday for an early appeal against the closure of their Venu sports streamer, noting that they had already spent $74 million on the joint venture and that the courts had “taken the extraordinary action” of debut of the sports streamer. “a new, consumer-friendly product just weeks before it was due to hit the market.”

The appeal, filed with the U.S. Court of Appeals for the Second Circuit, comes just ten days after a U.S. District Court judge barred the trio from launching the new property after complaints from FuboTV, a sports-focused streaming service that delayed the launch claimed. van Venu would make it bankrupt.

“Appellants are losing tens of millions of dollars they invested in a start-up company that failed to enter the market, dozens of employees hired to work for Venu are left in limbo, and consumers are being denied access to the market. innovative new product that Venu would have delivered and the increased competition that would result from a new product offering,” the three major media companies said in their legal filing.

More to come…