Disney is merging its Hulu + Live TV service with FuboTV, creating a new venture that will be the second-largest digital pay-TV provider. This deal will also pave the way for the launch of Disney's upcoming sports streaming platform.
Disney Inc. is merging its Hulu + Live TV service into FuboTV, creating a new venture. The merger will not include Hulu 's subscription video service. The combined service will operate under both the Fubo and Hulu + Live TV brands. If successful, it would become the second-largest digital pay-TV provider with approximately six million subscribers.
This deal eliminates a significant hurdle for the launch of Disney's upcoming sports streaming platform as FuboTV had previously sued Disney and other companies over their proposed sports streaming joint venture in 2021. FuboTV, which operates as a virtual multichannel video programming distributor, and Hulu's Live service offer similar alternatives to traditional cable and satellite TV, allowing users to stream live TV channels online. The merger could attract more subscribers seeking online alternatives to cable. Despite being the smallest virtual TV operator, FuboTV will remain publicly traded after the merger. The deal could be announced as early as this week, pending negotiations
MERGER DISNEY HULU FUBOTV LIVETV
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