FuboTV's Lawsuit Against Disney, Fox, And Warner Scheduled For October 2025 Trial: Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 13 2024
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Source: Benzinga
FuboTV Lawsuit Against Media Giants: FuboTV's lawsuit against Fox, Warner Bros., and Disney regarding their new sports-streaming service, Venu Sports, is set to go to trial on October 6, 2025, potentially delaying its launch ahead of the football season. A preliminary injunction has halted the service while the case is ongoing.
Impact on Competition and Stock Performance: The lawsuit highlights concerns over competition in the streaming market as major companies leverage their control over sports rights, with FuboTV alleging unfair practices. Meanwhile, FUBO shares have seen a significant decline of over 29% in the past year, although they rose by 2.22% to $1.76 recently.
Analyst Views on VERS
Wall Street analysts forecast VERS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VERS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
