Fubo merges with Disney’s Hulu + Live TV, Venu Sports lawsuit resolved
Streaming enthusiasts, get ready for some big news! Disney’s Hulu + Live TV and Fubo are teaming up in a game-changing deal that also settles a lawsuit over the ill-fated Venu Sports.
Both Fubo and Hulu + Live TV offer streaming of live broadcast and cable networks across various devices like connected TVs, smartphones, and tablets. With a combined 6.2 million subscribers in North America, this merger is set to shake up the streaming landscape.
Under the new partnership, Disney will hold a 70% stake in the combined company, which will operate under Fubo’s familiar name. Don’t worry, though – Fubo and Hulu + Live TV will continue to operate as separate services, giving viewers the freedom to choose what works best for them.
Fubo CEO David Gandler expressed enthusiasm for the deal, highlighting the increased choices and flexibility it will bring to consumers. Disney’s commitment to a $145 million term loan to Fubo in 2026 shows their confidence in the future of this collaboration, while a $130 million termination fee adds further security to the arrangement.
But that’s not all – Disney is also set to work with Fubo on a new sports and broadcast service featuring popular networks like ABC, ESPN, and ESPN+. In settling all litigation related to Venu Sports, Fubo has closed the chapter on a previous legal battle, ensuring a smoother path forward for both companies.
Following this exciting announcement, shares of Fubotv Inc. surged, indicating a positive reception from investors and consumers alike. So, stay tuned for more updates as this dynamic duo continues to transform the world of streaming entertainment!
