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Disney and Fubo Close Deal to Combine Hulu + Live TV With Fubo

Majority ownership shifts to Disney, signaling scale and stability for a two-brand live TV strategy.

Overview

  • The combined venture reaches nearly 6 million subscribers in North America, described by outlets as the sixth-largest U.S. pay-TV provider and the second-largest vMVPD behind YouTube TV.
  • Fubo and Hulu + Live TV remain separate services in their respective apps, with Hulu + Live TV continuing in the Hulu app and within Disney bundles that include Disney+ and ESPN Unlimited.
  • Disney holds roughly 70% of the new company as Fubo’s management team leads operations under a Disney-appointed majority board chaired by former Disney executive Andy Bird, with CEO David Gandler on the board.
  • Disney has committed a $145 million term loan in 2026 to support the combined operation’s growth and integration.
  • All litigation between the companies is resolved, including Fubo dropping its antitrust lawsuit related to the Venu sports offering from Disney, Fox Corp. and Warner Bros. Discovery.