FuboTV Stock Jumps 247% in Partnership with Disney’s Hulu Live TV
FuboTV had a great day on Monday when Disney shared some big news that sent their stock soaring by 247%. This exciting development means FuboTV’s streaming service is teaming up with Hulu’s live TV subscription service, thanks to a new agreement between the two companies.
After the dust settled, Disney now owns a hefty 70% of the merged company, creating an even stronger force in the streaming world. At its peak, FuboTV stock hit $4.99 per share before settling down a bit later on.
With 6.2 million subscribers in North America, this new venture makes FuboTV the sixth largest pay-TV service and the second-largest all-digital TV service. For context, YouTube TV, owned by Alphabet, had over 8 million subscribers in 2024, making it the top all-digital TV service.
Justin Warbrooke, an executive vice president at Disney, shared that this collaboration is all about giving viewers more options and flexibility. This agreement also tidies up any legal mess, with all disputes between Fubo and Disney, Fubo and FOX, and Fubo and Warner Bros. Discovery now happily settled.
This agreement is a big win for both FuboTV and Hulu, and it looks like viewers will be the real winners with even more choices and possibilities in the virtual MVPD landscape.
