A new joint venture between three streaming leaders could create a monopoly problem in sports television, three lawmakers warn US regulators in a letter first reported by The Athletic.
Sens. Elizabeth Warren (D-MA), Bernie Sanders (I-VT), and Rep. Joaquin Castro (D-TX) are asking law enforcers to investigate the joint venture between Disney, Fox, and Warner Bros. to create a new service, Venu Sports. The streaming service is expected to include sports networks from across the three companies’ portfolios, including ESPN, FOX, and TNT. Last week, the companies announced that Venu Sports will cost $42.99 per month.
In the letter to Justice Department antitrust chief Jonathan Kanter and Federal Communications Commission Chair Jessica...
