NEW YORK—The sports-focused vMVPD Fubo has reacted to plans by ESPN, Fox Corp. and Warner Bros. Discovery to launch a massive new direct-to-consumer sports streaming service next fall by noting that “streaming joint ventures rarely work” and by raising concerns about “the intent behind this joint venture and its impact on fair market competition.”
Fubo has positioned itself in the market as a vMVPD focused on offering sports programming and the Feb. 6 streaming service announcement hammered Fubo’s stock, which fell from $2.54 prior to the announcement to a low of $1.76 on Feb. 7 before slightly recovering to $1.94 at 11:46 a.m. on Feb. 8.
