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Disney's Hulu + Live TV biz to merge with smaller rival Fubo

Mint Bangalore

|

January 07, 2025

Walt Disney Co said on Monday it would merge its Hulu + Live TV business with smaller rival Fubo TV in a deal that also potentially clears the way for the launch of its sports streaming venture with Fox Corp. and Warner Bros Discovery.

- Reuters

The combination creates the second-biggest internet pay-TV company in North America, behind YouTube TV, with around $6 billion in revenue and 6.2 million subscribers.

Disney will hold a 70% majority stake in the venture, which will be led by Fubo chief executive and co-founder David Gandler. The deal excludes Hulu's mainstay video-streaming business.

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