FuboTV (FUBO) shares continued to rise on Monday after a judge ruled in the company’s favor in an antitrust challenge to a proposed joint sports streaming service by The Walt Disney Co. (DIS), Fox Corp. (FOX.A) and Warner Bros. Discovery (WBD) called Venu Sports.

Judge Margaret Garnett of the Southern District of New York issued a preliminary injunction on Friday halting the launch of Venu Sports, arguing that Fubo was likely to succeed in its claim that the partnership would “substantially lessen competition and restrain trade.” Garnett said the preliminary injunction would remain in effect “until final disposition of the facts or further order of the court.”

CEO says: “A victory not only for Fubo, but also for consumers”

Fubo co-founder and CEO David Gandler called the decision “a win not only for Fubo, but also for consumers,” who now “have access to a more competitive market with multiple sports streaming options.”

Disney, Fox and Warner Bros. Discovery argued in a joint statement that Fubo was factually and legally mistaken and announced they would appeal.

The three companies announced the joint venture in February and hoped to make the service available in the fall for the NFL and college football seasons. Earlier this month, Venu said it would cost $42.99 per month.

FuboTV shares, which rose 16.7% on Friday following the judge’s ruling, rose another 28% to $1.96 by midday Monday, but are still down nearly 40% for 2024.