Disney and Fubo Merge Hulu + Live TV Operations

Disney and Fubo have officially closed their deal to merge Hulu + Live TV operations with Fubo, with Disney now owning a 70% stake in the new company.

Creating a Powerhouse in the Streaming Industry

The newly combined Fubo and Hulu + Live TV business has become the second largest virtual pay-TV provider in the U.S., boasting nearly 6 million subscribers in North America. This places them just behind Google’s YouTube TV, which has over 10 million paying subscribers and is currently in a carriage-renewal dispute with Disney.

Strategic Moves and Collaborations

The deal between Disney and Fubo was announced in January, leading to the formation of a live-TV joint venture. As part of the agreement, Fubo withdrew its antitrust lawsuit that aimed to block Venu Sports, a sports-focused streaming package created by Disney, Fox Corp., and Warner Bros. Discovery. Following this, the Venu JV was dissolved by the involved companies.

Continued Availability and Expansion

Despite the merger, Fubo and Hulu + Live TV will remain as separate services, offering consumers a range of plan options at competitive prices. Hulu + Live TV will still be accessible through the Hulu app and as part of a bundle with Hulu, Disney+, and ESPN Unlimited, providing access to over 55,000 live sporting events and a variety of entertainment programming.

Leadership and Vision

The new company will be overseen by an independent chairman, Andy Bird, a prominent British media executive with a background in leading global organizations. Fubo’s existing management team, helmed by Co-founder and CEO David Gandler, will be in charge of operating the combined Fubo and Hulu + Live TV businesses.

Focus on Innovation and Growth

The merged company aims to drive profitability and sustainable growth through strategic synergies, including cost savings, revenue optimization, and enhanced advertising opportunities. With Disney’s support, Fubo is set to receive a $145 million term loan in 2026 to facilitate these initiatives.

Future Outlook and Shareholder Benefits

By joining forces, Fubo and Disney are poised to deliver lasting value to consumers and shareholders alike, shaping the future of live streaming. Fubo’s fiscal year has been realigned to end on Sept. 30, with the combined company’s first full year set to conclude on Sept. 30, 2026.