U.S. District Judge Margaret Garnett issued her ruling (read itHERE) granting a preliminary injunction on Friday afternoon.
The decision came after several days of testimony from a number of high-level executives in the media business.
In a joint statement, the Venu partners expressed strong disappointment in the decision.
Fubo sued Disney, Fox and Warner Bros. DiscoveryGetty
We respectfully disagree with the courts ruling and are appealing it, the statement said.
Fubo says it plans to continue pursuing its lawsuit given its broader claims about competition.
A date has not yet been set for the main antitrust trial.
Todays ruling is a victory not only for Fubo but also for consumers, CEO David Gandler said.
This decision will help ensure that consumers have access to a more competitive marketplace with multiple sportsstreamingoptions.
Discovery have consistently engaged in for many years.
We believe these practices monopolize the market, stifle competition and cheat consumers from deserved choice.
That, in turn, forced prices to rise, Fubo says.
It closed up nearly 18% for the trading day at $1.54.
