Reported 2 days ago
Disney has announced a significant merger of its Hulu + Live TV service with sports streaming platform FuboTV, giving Disney a 70% stake in the new entity. This partnership is expected to create one of the largest digital pay-TV providers amid rising demand for cable alternatives, combining Fubo's focus on sports with Hulu's broader content offerings. The merger comes alongside a settlement of legal disputes involving Disney, Fox, and Warner Bros. Discovery, and is projected to be profitable with over 6 million subscribers and $6 billion in revenue.
Source: YAHOO