FuboTV and Disney Enter Pact to Merge Hulu + Live TV Business with Fubo

FuboTV (FUBO) and Disney (DIS) have officially announced an exciting new partnership! Disney will be combining its Hulu + Live TV business with Fubo, creating a powerful virtual MVPD company. This means big things for both companies and for streaming entertainment as a whole.

When the deal is finalized, Disney will own 70% of Fubo, with Fubo’s current management team, including CEO David Gandler, continuing to lead the way. As part of this collaboration, Disney will also be providing Fubo with access to some of its top sports and broadcast networks, such as ABC, ESPN, and ESPN2, to create a new sports and broadcast service.

But don’t worry, Hulu + Live TV and Fubo will still be available as separate offerings for consumers. This means you can continue to enjoy all of your favorite content in the Hulu app or the Fubo app, depending on your preferences. Plus, Hulu + Live TV will still be offered as part of the popular bundle with Hulu, Disney+, and ESPN+.

The combined company will have its own board of directors, with Disney having a majority say and independent directors also playing a role. Gandler will continue to serve on the board and remain as Fubo’s CEO, ensuring a smooth transition and continued success for both companies.

In addition, as part of the agreement, Fubo has settled all litigation with Disney, ESPN, Fox, and Warner Bros. Discovery. This has resulted in a cash payment to Fubo and a commitment from Disney to provide a term loan in the future. This financial stability will help the combined company thrive and grow in the evolving streaming landscape.

Overall, this partnership between Fubo and Disney is set to bring exciting new opportunities and content to viewers like you. Stay tuned for more updates and get ready to experience the best of both worlds in streaming entertainment!