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- Sen. Elizabeth Warren has asked the DOJ to "closely scrutinize" Disney...
Senator Warren Scrutinizes Disney's Acquisition of Fubo TV
Antitrust Concerns Raised over Reduced Competition
Senator Elizabeth Warren has written to the Department of Justice (DOJ) expressing concerns about Disney's recent deal with Fubo TV. Warren fears the acquisition will diminish competition and potentially lead to increased consumer costs.
History of Anti-Competitive Behavior
In her letter, Warren cites Disney's history of anti-competitive behavior. She points out the company's legal battle with Fubo over the sports streaming platform Venu, which resulted in a settlement and merger.
Senator Elizabeth Warren speaks at a press conference.
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Increased Market Power and Consumer Impacts
Warren argues that Disney's acquisition of Fubo will increase its market power and give it an incentive to raise prices. Consumers have long voiced concerns about the rising cost of streaming sports.
The Senator warns that by reducing competition, Disney and Fubo could leverage their market power to increase costs for sports fans nationwide.
Illusion of Choice and Concentration
Warren also expresses concern that Disney could disguise its concentration in the market by offering both Fubo and Hulu + Live TV. This could create an illusion of choice while raising prices for both services.
Domination and Prevention of Competition
The Senator believes Disney's deal is an attempt to dominate the sports streaming market and prevent Fubo from becoming a formidable competitor.
Call for DOJ Scrutiny
Warren urges the DOJ to thoroughly investigate the proposed acquisition and protect consumers from potential price hikes.
Fubo TV logo.
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Independent Operations and Variety of Options
Despite the acquisition, Fubo will continue to operate as an independent company with its own management team and brand. According to a Disney and Fubo press release, the deal will provide consumers with a range of streaming options.
