FuboTV and The Walt Disney Company have reached an agreement to merge their virtual MVPD businesses, combining Fubo with Hulu + Live TV. As part of the deal, Disney will hold a 70 percent stake in the new entity. Fubo’s current management team, led by CEO David Gandler, will continue to oversee operations. This merger aims to expand consumer options by offering a wider selection of programming packages and greater flexibility in pricing. The combined company, with more than 6.2 million subscribers, will continue operating Fubo and Hulu + Live TV as separate services, each retaining its unique app and brand identity.
The merger also includes strategic agreements, including a new carriage deal between Disney and Fubo to create a sports and broadcast service. This service will feature Disney’s premium sports and broadcast networks, including ESPN and ABC. Additionally, the merger promises financial benefits, including synergies in programming and marketing, and aims to make the new entity cash-flow positive upon closing. The deal is subject to regulatory approvals, Fubo shareholder approval, and other customary conditions.
