It’s official: Disney’s Hulu + Live TV Merges with Fubo Streaming Service

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In a transformative agreement, The Walt Disney Company and FuboTV Inc. have announced a groundbreaking merger, merging Hulu + Live TV with Fubo to establish a virtual multichannel video programming distributor (vMVPD) powerhouse. This unexpected alliance unites two prominent players in the streaming industry, promising enhanced consumer choice and flexibility.

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Under the terms of the deal, Disney will acquire a majority stake in Fubo, holding approximately 70% of the combined entity. Notably, Fubo will retain its distinctive name and public listing on the New York Stock Exchange (NYSE: FUBO), with its current management team, led by co-founder and CEO David Gandler, continuing to oversee the organization.

Gandler expressed his satisfaction, stating, “This partnership is mutually beneficial for consumers, shareholders, and the streaming industry as a whole. Consumers will gain expanded access to a diverse range of programming packages at competitive prices, while our shareholders will benefit from a stronger and more resilient company.” He underscored the combined entity’s unwavering commitment to providing a comprehensive suite of programming options, tailored to meet the diverse preferences of its audience.

The merger brings together over 6.2 million North American subscribers from both services. While Fubo and Hulu + Live TV will continue to operate as distinct offerings, the agreement facilitates significant synergies. Fubo, renowned for its extensive sports coverage, will gain access to Disney’s premier sports and broadcast networks, including ESPN, ABC, and ESPN+, enabling the creation of a dedicated Sports & Broadcasting service. In contrast, Hulu + Live TV, with its robust entertainment lineup, will remain accessible within the Hulu app and as part of the widely popular Disney Bundle, which also includes Disney+ and ESPN+.

This strategic partnership concludes a protracted legal dispute between the two companies. All litigation pertaining to Fubo’s proposed sports streaming platform, Venu Sports, has been resolved, with Disney, FOX, and Warner Bros. Discovery collectively making a substantial cash payment of $220 million to Fubo.

“We are confident in Fubo’s leadership and their ability to leverage this merger to deliver exceptional value and a superior streaming experience,” stated Justin Warbrooke, Disney’s Executive Vice President and Head of Corporate Development.

The agreement, subject to regulatory and shareholder approvals, is anticipated to create a financially robust entity, projected to achieve cash flow positivity immediately upon closing. Disney has also pledged to provide a $145 million term loan to Fubo in 2026, further fortifying the combined company’s financial standing.

This unexpected merger underscores the potential for a paradigm shift in the streaming industry, where collaboration and consolidation may become increasingly pivotal for navigating the evolving media landscape and accommodating the escalating demands of consumers.