FUBO - Does the ESPN Fox and Warner Bros. Joint Venture Mean Game Over for This Struggling Streaming Stock?
2024-03-06 09:37:00 ET
Streaming businesses, for the most part, aren't yet profitable. While Netflix has found out a way to make its business work, others are still struggling. One way for them to potentially overcome those obstacles is by joining forces.
A recent deal that could transform the streaming wars is a huge joint venture involving Fox , Warner Bros. Discovery , and ESPN, which Walt Disney owns. The companies plan to launch a sports-focused streaming platform which could be available later this year.
While this could help improve those companies' growth prospects, it could also undermine the potential for another streaming business: fuboTV (NYSE: FUBO) . Shares of fuboTV have been under immense pressure as the stock has collapsed 94% in just three years.
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Does the ESPN, Fox, and Warner Bros. Joint Venture Mean Game Over for This Struggling Streaming Stock?