"U.S. Representatives Express Antitrust Concerns Over Disney, Fox, and WBD Sports Streaming Partnership"
US Representatives Jerrold Nadler and Joaquin Castro have raised concerns about the anticompetitive implications of the proposed sports streaming joint venture between Disney/ESPN, Fox Corp., and Warner Bros. Discovery, requesting answers from the CEOs about its impact on pricing, access, and competition in the sports streaming market. The joint venture, set to debut in 2024, has drawn scrutiny from the Justice Department and faces a federal lawsuit from Fubo alleging antitrust violations. Disney CEO Bob Iger believes the venture will clear regulatory scrutiny, while the companies have announced former Apple TV+ exec Peter Distad as the JV's CEO.