Eight co-signers representing streaming services, pay TV operators and public interest groups have sent a letter to Congressional leaders urging their Committees hold hearings on the future of competition in pay TV and the new streaming joint venture backed by Warner Bros Discovery, Disney and Fox Corp.
In the letter, the signees wrote that "Recent developments in the pay TV market – including the programming giants’ new joint venture (“JV”), a streaming TV service that would control 80% of national live sports broadcasts – raise serious competition concerns that call for Congress’s immediate oversight."
