Disney Acquires Fubo for New Sports Streaming Venture

Reported 1 day ago

Disney has reached an agreement with Fubo to launch the Venu sports streaming service, which was initially delayed due to an antitrust lawsuit by Fubo. Disney plans to merge its Hulu + Live TV with Fubo to create a new joint venture that aims to become a significant player in the sports streaming market, with a subscriber base of approximately 6 million. This move underlines Disney's cautious approach to launching its standalone ESPN streaming service, as they seek to provide robust options for sports viewers.

Source: YAHOO

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