Disney Closing in on Merger of Hulu + Live TV Business with Fubo

Disney is making moves in the streaming world by merging its Hulu + Live TV business with FuboTV. This new venture will see Disney owning 70% of the company, with FuboTV owning the remaining 30%.

The merger aims to strengthen both companies’ positions in the competitive streaming market. By combining forces, they hope to offer a more comprehensive and compelling streaming service to consumers.

Disney’s decision to join forces with FuboTV comes as the streaming landscape continues to evolve rapidly. With more and more consumers cutting the cord and turning to streaming services for their entertainment needs, companies are looking for ways to stay competitive and attract subscribers.

While the details of the merger are still being finalized, it is clear that both Disney and FuboTV are committed to providing high-quality content and innovative streaming experiences to their users. Stay tuned for more updates as this partnership develops.