Disney To Merge Hulu Live TV With Fubo, Settling Venu Lawsuit
Disney will combine its Hulu + Live TV business with Fubo and become majority owner of the resulting company in a deal that settles all litigation between Fubo, Disney, Fox and Warner Bros. Discovery over the Venu sports streaming joint venture, a case that was set for a hearing in New York today.
The combined business will operate under the Fubo publicly traded company name led by the existing Fubo management team. Fubo and Hulu + Live TV will continue to be available to consumers as separate offerings
With a combined 6.2 million North American subscribers between Fubo and Hulu + Live TV, the new vMVPD company is expected to enhance consumer choice through more flexible programming offerings, Disney and Fubo said in a joint release.
Fubo is amending carriage agreements with Disney and Fox and will create a new Sports & Broadcasting offering to include their networks as well as ESPN+.
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