In a recent development, a U.S. judge has issued a temporary injunction, blocking media companies including Disney, Warner Bros. Discovery, and Fox from launching their highly anticipated sports streaming service, Venu. This decision, which comes in response to a lawsuit filed by internet TV bundle provider Fubo TV, has raised concerns as it coincides with the imminent start of the NFL season.

Fubo TV, in their lawsuit, argued that the introduction of Venu would disrupt their business model and pose a significant threat to their market position. Perturbed by these claims, the court granted a temporary injunction, preventing the companies from launching their service as planned.

In a joint statement released on Friday, the affected media companies expressed their disagreement with the court's ruling and announced their decision to appeal. They firmly believe that Fubo TV's arguments lack factual and legal merit, asserting that Fubo has failed to prove it should be granted a preliminary injunction. According to the statement, Venu Sports aims to provide a pro-competitive alternative, expanding consumer options by catering to viewers currently underserved by existing subscription services.

The news of the injunction had an immediate impact on Fubo TV's stock, resulting in a 20% increase. As of now, a representative from Fubo TV has not provided any comment on this latest development.

As this is a breaking story, updates will be made available as and when they happen.

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