Disney merges Hulu + Live TV with Fubo in major streaming move

Disney recently announced that it has completed its majority stake acquisition in FuboTV and has merged its Hulu + Live TV service with the sports-focused Fubo, making them the nation’s sixth largest pay-TV company with nearly 6 million subscribers in the United States.

Similar to competitors like DirecTV, YouTube TV, and Charter Spectrum, both Hulu + Live TV and Fubo offer a lineup of traditional channels, including major networks like ABC, CBS, and cable channels such as Fox News, Bravo, and ESPN. Despite the merger, both services will still be available as separate offerings through their respective apps.

The combined entity will be overseen by a nine-member board led by Brad Bird, the former chair of Walt Disney International. Following a legal battle with Fubo, Disney’s investment plans have been realized, with the company now acquiring 70% of Fubo to create a stronger streaming platform.

David Gandler, Fubo’s CEO, expressed excitement about the partnership with Disney, stating that their goal has always been to create an innovative and consumer-focused streaming platform. With access to a $145-million term loan from Disney and the integration of Fubo’s ad sales team into Disney’s sales organization, the combined company is poised for growth and profitability.

Despite the merger, Fubo will continue to trade publicly under the ticker symbol FUBO, with existing Fubo shareholders holding about 30% ownership in the company. The stock was up by 1.4% following the news of the acquisition, reaching $3.69 per share.

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