Disney and FuboTV have announced a merger of Disney’s Hulu + Live TV business with Fubo, resulting in a combined entity where Disney will hold a 70% stake. This merger, valued at over $200 million, creates the second-largest streaming pay-TV provider in North America, behind YouTube TV, with 6.2 million subscribers.
As part of the deal, Fubo will drop its antitrust lawsuit against Disney, Fox, and Warner Bros. Discovery over the Venu Sports streaming venture, with the companies collectively paying Fubo $220 million and Disney providing a $145 million loan.
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The merger will allow each service to continue separately under their respective apps, while also paving the way for Fubo to introduce a new sports and broadcast service featuring Disney’s networks.
The merger is subject to regulatory approval and aims to enhance the offerings of both services, providing consumers with more choice and flexibility in live TV streaming.
Fubo’s shares have surged significantly following the announcement, reflecting investor optimism about the deal’s impact.
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