As 2025 begins, NASCAR and its allies seem determined to address lingering legal challenges. Following a recent positive development between NASCAR and the teams 23XI Racing and Front Row Motorsports, as they emerged victorious in the first phase, another issue has been resolved. Famous streaming platform FuboTV has decided to drop its lawsuit against NASCAR and Roger Penske’s allies; Fox, and Warner Bros.
This settlement is one step in a larger plan to improve how these streaming platforms work with others online. The motorsport world has witnessed transformative deals, including advancements in media rights and alliances with streaming platforms. However, the spotlight remains on a groundbreaking deal involving Disney, FuboTV, and the legal battle tied to the new sports streaming venture, Venu Sports.
A sigh of relief for NASCAR’s partners
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In a significant step for sports streaming in the U.S., FuboTV has decided to end its legal battle. This move follows a strategic decision by Disney to merge Hulu + Live TV with Fubo. The new venture will be 70% owned by Disney and 30% by Fubo. It will operate under two brands, Hulu + Live TV and Fubo. David Gandler, Fubo co-founder and Chief Executive Officer, is all set to operate the newly combined Fubo and Hulu+ Live TV business.
In the official statement released, Gandler said, “This combination enables us to deliver on our promise to provide consumers with greater choice and flexibility…Additionally, this agreement allows us to scale effectively, strengthens Fubo’s balance sheet and positions us for positive cash flow. It’s a win for consumers, our shareholders, and the entire streaming industry.”
It’s worth noting that Fubo is a digital TV streaming platform that provides television shows, especially sports at a cheap price. In February 2024, Fubo sued Disney, Fox, and Warner Bros. Discovery, alleging their collaboration on Venu Sports would stifle competition. Notably, Venu Sports came into existence after Fox and Warner Bros decided to package all sports broadcasting in one place. This makes sense as they own the broadcasting rights of major American sports like NASCAR, Roger Penske’s IndyCar, NBA, NFL, and others.
With this new alliance, Fubo has chosen to withdraw its claims. The lawsuit’s resolution allows Venu Sports, a joint venture by Disney, Fox, and Warner Bros., to move forward. This platform aims to revolutionize sports streaming by providing access to major league events, including NFL and NBA games, along with content from Disney’s ESPN and Warner Bros.’s TNT networks. Fubo’s integration with Hulu + Live TV strengthens its position in this competitive market.
This decision comes as a big relief for NASCAR fans as well. With just a few weeks left for the inaugural race of the 2025 season, fans might get a chance to witness the majority of races in a single place. Notably, Fox and Warner Bros. are media partners of NASCAR along with Amazon Prime and TNT. They had reportedly bought streaming rights for seven years in a whopping $7.7 billion deal.
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NASCAR’s latest media rights involve the Big 4
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In early 2024, NASCAR inked a massive media rights deal for seven years. This historic partnership brought four major distribution platforms together to deliver comprehensive coverage of NASCAR’s 38 Cup Series races. Fox Sports and NBC Sports remain as primary broadcasters with 14 races each while, Amazon Prime and TNT Sports shares remaining.
Starting with Daytona 500, Fox Sports will broadcast the first 14 events of the season. They will also retain the broadcasting rights of the entire NASCAR Craftsman Truck Series. Meanwhile, the final 14 events will be broadcasted by NBC Sports. Warner Bros. TNT Sports and Amazon Prime will stream the remaining ten mid-season events. They will also have the exclusive streaming rights to practice and qualifying events throughout the season.
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It’s worth noting that with the merger of Fox, Warner Bros. and other platforms, NASCAR races till 2031 might have just a single streaming window. Apart from NBC and Amazon Prime, other broadcasters have decided to pen this deal and the recent addition of Fubo will also push the same. Do you think with the latest deal between Fubo and other stakeholders are we moving towards one stop sporting experience?
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