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Disney, Fox, WBD Invested $400 Million Each in Sports Bundle Venu

Aug 9, 2024

The Walt Disney Co., Warner Bros. Discovery, and Fox Sports have so far invested $400 million each in their highly anticipated sports streaming joint venture Venu, according to Fox Corp. COO John Nallen’s testimony Wednesday at a preliminary injunction hearing in FuboTV’s lawsuit against the three companies.

Nallen also disclosed that Disney, Fox, and WBD will each spend $15 million marketing Venu in its first year, separate from what Venu itself will spend.

Source: Front Office Sports

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