Fubo and Disney’s Hulu Live TV to Merge: Stock Update

Disney and FuboTV have joined forces to combine their Hulu + Live TV business, paving the way for a new virtual MVPD company. In this exciting move, Disney will take the lead with a 70% ownership stake in Fubo, while Fubo’s current management team will steer the ship when it comes to running the show.

This collaboration will create a powerhouse in the streaming world, with a staggering total of over 6.2 million subscribers across North America. The best part? Both Fubo and Hulu + Live TV will continue to operate as separate services, offering viewers the best of both worlds.

But wait, there’s more! As part of this agreement, Fubo will be rolling out a new Sports & Broadcasting service that will feature Disney’s renowned sports and broadcast networks, such as ABC, ESPN, and ESPN+. This means even more exclusive content for subscribers to enjoy.

To sweeten the deal, Disney, FOX, and Warner Bros. Discovery have collectively agreed to make a hefty $220 million cash payment to Fubo as part of a litigation settlement. In addition, Disney has made a firm commitment to providing even more value to subscribers through this partnership.

This collaboration is poised to shake up the streaming landscape, giving viewers more options and exclusive access to top-tier content. Stay tuned for more updates on this exciting new venture between Disney and FuboTV!