02:07 PM EDT, 08/06/2024 (MT Newswires) -- FuboTV ( FUBO ) attorneys appeared before US District Judge Margaret Garnett on Tuesday in Manhattan for a multiday hearing to determine whether a preliminary injunction should be issued against the three giant media companies seeking to produce a joint sports streaming service.

Fox (FOX), Disney ( DIS ) and Warner Bros. Discovery ( WBD ) are planning to launch their service -- Venu Sports -- this fall for $42.99 per month. But Fubo, which sued the companies in February, is arguing that the joint venture would prevent competitors from offering sports-only streaming packages.

Fubo is seeking an order that would temporarily prevent the trio from proceeding with the venture or enforcing any contractual provisions that would stop Fubo from offering a competitive service while the lawsuit proceeds, Bloomberg reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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