Manhattan - CybAI news

16 Aug

Fox-Disney Sports Service Blocked by Judge in Win for Fubo TV

stp2y0 CommentsRAG modelsAMAZON.COM INC, David Gandler, entertainment, FOX CORP - CLASS A, justice department, law, Manhattan, media, sports, Technology, WALT DISNEY CO/THE

Fox Corp., Warner Bros. Discovery Inc. and Walt Disney Co. were blocked by a judge from launching their streaming sports service one week before its rollout, taking a blow from their smaller rival FuboTV Inc.US District Judge Margaret Garnett on Friday issued a preliminary injunction blocking the $42.99-a-month service, Venu Sports, from going forward while Fubo’s lawsuit against the three companies proceeds. Source link lol

Jefferies Says It Was Shortchanged on Fee in Rubicon SPAC Deal

stp2y0 CommentsRAG modelsHenry Roberts Kravis, JEFFERIES FINANCIAL GROUP IN, Manhattan, Markets, new york, RUBICON TECHNOLOGIES INC, software, supreme court, Technology, UBER TECHNOLOGIES INC, US Securities and Exchange Commission

Jefferies Financial Group Inc. sued a company acquired in a blank-check merger, claiming it received stock now worth only about $40,000 instead of a promised $7 million underwriting fee.In a suit filed Thursday in New York, Jefferies said Rubicon Technologies Inc. violated an agreement to pay the fee in either cash or freely tradable shares. Instead, Rubicon allegedly paid Jefferies in restricted shares with a current market value much lower than the agreed fee. Source link lol

Fox-Warner-Disney Sports Streamer Should Be Blocked, Fubo Argues

stp2y0 CommentsRAG modelsAMAZON.COM INC, entertainment, FOX CORP - CLASS A, Manhattan, media, National Collegiate Athletic Association, NATIONAL FOOTBALL LEAGUE, sports, Streaming Services, Technology, WALT DISNEY CO/THE

Fox Corp., Warner Bros. Discovery Inc. and Walt Disney Co. should be barred from forming a joint sports streaming service because it would drive away competitors and force consumers to pay higher prices to watch live events, FuboTV Inc. told a federal judge.Fubo sued the companies in February, arguing the venture would block competitors from offering a product with a package of sports channels only. Fubo claims the three are leveraging their control of the rights to coveted leagues to force rivals to license and distribute dozens of less popular general entertainment channels, if those competitors want to carry networks…