FuboTV Inc FUBO Shares are trading 15.7% higher at $1.77 on Monday morning after the company obtained a preliminary injunction from the U.S. District Court for the Southern District of New York preventing the launch of a joint venture (JV) between Walt Disney Co DIS, Fox Corp FOXA FOXB And Warner Bros. Discovery Inc. WBD.

This ruling represents a victory for Fubo, which fought against these industry giants to maintain a competitive streaming landscape.

The proposed joint venture would strengthen Fubo’s control over 60 to 80 percent of live sports broadcasts, a move that Fubo said would limit competition, reduce consumer choice and lead to higher prices for sports streaming services.

David GandlerCo-founder and CEO of Fubo, hailed the court’s decision as a victory for both the company and consumers. “Today’s ruling is not only a victory for Fubo, but also for consumers. This decision will help ensure consumers have access to a more competitive marketplace with multiple sports streaming options,” Gandler said in a statement.

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What else: Fubo has been open about the negative impacts of the joint venture, arguing that it would create a monopoly market that would stifle competition and leave consumers with fewer and more expensive options. The company has portrayed its legal battle as an attempt to protect consumer interests by ensuring a diverse and affordable sports streaming market.

In addition to shutting down the joint venture, Fubo also plans to continue its broader lawsuit against the joint venture partners and their subsidiaries, accusing the company of long-term anti-competitive behavior designed to undermine Fubo’s sports-centric streaming model.

The lawsuit, originally filed on February 20, alleges that these vertically integrated media companies systematically blocked Fubo’s business innovations, causing significant harm to both the company and its customer base.

While Fubo continues with its antitrust lawsuit, the court has not yet announced a date for the next phase of the case. The company’s victory in obtaining the preliminary injunction has set the stage for a lengthy battle over the future of sports streaming.

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How to buy FUBO shares

In addition to acquiring a stock—or a portion of a stock—through a brokerage platform, you can also purchase an exchange-traded fund (ETF) that holds the stock itself, or by pursuing a strategy in your 401(k) plan that aims to acquire shares of a mutual fund or other instrument.

In the case of FuboTV, for example, it is the communications services sector. An ETF will likely hold shares of many liquid and large companies that track this sector, allowing an investor to participate in the trends in this segment.

According to data from Benzinga Pro, FUBO has a 52-week high of $3.82 and a 52-week low of $1.10.