Sen. Elizabeth Warren has urged the DOJ to investigate Disney's recent acquisition of Fubo TV, expressing serious antitrust concerns. She argues that the deal reduces competition, allowing Disney to raise prices for consumers. The acquisition comes after a legal dispute wherein Fubo accused Disney of anticompetitive practices with the planned launch of a rival service, Venu. Warren's letter highlights Disney's significant market power post-acquisition, stressing that this could contribute to the ongoing issue of rising streaming costs for sports fans.
Warren expressed that Disney's acquisition of Fubo raises antitrust concerns, potentially allowing the company to raise prices for consumers by reducing competition.
The Senator pointed out that the deal indicates a historical pattern of Disney engaging in anti-competitive behavior, becoming a dominant player in the market.
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