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Disney’s Hulu + Live TV, Fubo Merger Surprised Wall Street and Could Lead to More Deals

Disney started off 2025 with a bang, unveiling on Mondaya surprise merger of its multichannel video streaming service Hulu + Live TV with competitor FuboTV, forming a combined company that will continue to be publicly traded under the Fubo name, but with the Hollywood giant controlling 70 percent and a majority of the board.

Fubo will drop its lawsuit against Venu Sports, the sports streaming joint venture of Disney, Fox Corp., and Warner Bros. Discovery, as part of the transaction. And Fubo CEO and co-founder David Gandler will run the combined entity.

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While experts expect more sector M&A ahead, the Fubo deal took most Wall Street experts by surprise. What is no surprise though is that analysts have chimed in on what the merger, expected to close in about 12-18 months, means for the space of virtual multichannel video programming distributors (vMVPDs) and beyond. In that sector,

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