Senator Warren Urges DOJ to Scrutinize Disney-Fubo Deal
Senator Elizabeth Warren is urging the US Justice Department to scrutinize Walt Disney Co.’s deal to take a controlling stake in streaming company FuboTV Inc, arguing that the move is anticompetitive. The deal allows Disney to "circumvent the lawsuit while gobbling up a competitor," and could lead to increased market power and higher costs for viewers. If allowed to proceed, the acquisition would be another example of Disney's history of anticompetitive behavior.
- This merger highlights the tension between promoting competition in the streaming industry and allowing larger players like Disney to consolidate their power.
- How will regulatory bodies balance the need to promote innovation and choice in the streaming market with concerns about the potential anti-competitive effects of large acquisitions?