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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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