The Town with Matthew Belloni
A New Setback in Hollywood's Cable Crisis
Aug 19, 2024
Joining the conversation is Alex Sherman, a media and sports reporter for CNBC, who dives deep into the recent legal setbacks for the Venu sports streaming service. They explore the implications of a federal judge's injunction and how it affects competition in the live sports broadcasting landscape. Different perspectives are shared on winners and losers from this ruling and its impact on consumers. The discussion wraps up with thoughts on the upcoming ratings for the Democratic National Convention, highlighting the ever-evolving media landscape.
33:28
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Quick takeaways
- The legal ruling against Venue raises significant antitrust concerns that could limit consumer choice in the streaming landscape.
- NBC and CBS positioned themselves as winners by strategically opting out of Venue, enhancing their individual market influence in sports streaming.
Deep dives
Launch Challenges for Venue Streaming Service
The new streaming service called Venue, set to launch with partnerships between Warner Brothers Discovery, Fox, and Disney, faced significant legal challenges before its debut. A federal judge issued a temporary restraining order against Venue following an antitrust case brought by Fubo, another sports-focused streaming service. The judge indicated that this joint venture could substantially lessen competition and harm consumers by bundling channels in a way that favors the three companies involved. Despite the ruling not being permanent, it raised concerns about the future of Venue and the dynamics of competition in the streaming market.
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