Disney Merges Hulu + Live TV With Fubo, Taking on YouTube TV
2025-01-06
Disney is merging its Hulu + Live TV streaming multichannel video service with competitor Fubo in a deal that will reshape the streaming TV landscape. The combined company will continue to trade publicly under the Fubo name, but Disney will control 70 percent and appoint a majority of the board. Fubo's management will run the venture. This creates a larger virtual multichannel video provider (vMVPD) to more aggressively challenge market leader YouTube TV and ends Fubo's legal battle with Venu, a sports streaming service, potentially allowing it to proceed. Disney, Fox, and Warner Bros. Discovery will pay Fubo $220 million, with Disney also providing a $145 million term loan.
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