Combining the services should attract subscribers as customers look for online alternatives to cable TV.
Walt Disney Co. and streaming provider FuboTV agreed to combine their online live TV businesses, creating the second-biggest digital pay-TV provider. Walt Disney Co. and streaming provider FuboTV agreed to combine their online live TV businesses, creating the second-biggest digital pay-TV provider.
Fubo co-founder and Chief Executive Officer David Gandler will operate the newly combined Fubo and Hulu+ Live TV business. Fubo is a virtual multichannel video programming distributor, which means it offers live TV channels over the internet as opposed to over cable, satellite or fiber. Hulu’s Live service, an alternative to cable TV, lets users stream from roughly 100 live TV channels including sports, news and shows.
As part of the deal, Fubo has settled all litigation with Disney and ESPN related to Venu Sports, the sports streaming platform planned by Disney, Fox Corp. and Warner Bros. Discovery Inc. Last year, Fubo sued Disney, Fox and Warner Bros. claiming the proposed joint venture would be anti-competitive. Venu Sports plans to provide access to live sports events from several major leagues, including the National Football League and the National Basketball Association.
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