Fubo Combining with Disney’s Hulu + Live TV

January 6, 2025

DENVER, Colo., Jan 06, 2025 (247marketnews.com)- FuboTV (NYSE: FUBO) and Disney (NYSE: DIS) stated that they agreed to form a combined virtual MVPD company, by combining Disney’s Hulu + Live TV business with Fubo, with Disney becoming majority owner, 70%, of the resulting company and operate under the Fubo publicly traded company name (NYSE: FUBO).

The combined Company will be led by the existing Fubo management team and enhance consumer choice by making available a broad set of programming offerings, as Fubo and Hulu + Live TV will continue to be available to consumers as separate offerings

Fubo Co-founder and CEO David Gandler, commented, “We are thrilled to collaborate with Disney to create a consumer-first streaming company that combines the strengths of the Fubo and Hulu + Live TV brands. This combination enables us to deliver on our promise to provide consumers with greater choice and flexibility. Additionally, this agreement allows us to scale effectively, strengthens Fubo’s balance sheet and positions us for positive cash flow. It’s a win for consumers, our shareholders, and the entire streaming industry.”

Disney’s Executive Vice President and Head of Corporate Development, Justin Warbrooke, added, “This combination will allow both Hulu + Live TV and Fubo to enhance and expand their virtual MVPD offerings and provide consumers with even more choice and flexibility. We have confidence in the Fubo management team and their ability to grow the business, delivering high-quality offerings that serve subscribers with the content they want and offering great value.”

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