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Disney To Merge Hulu Live TV With Fubo, Settling Venu Lawsuit

Fubo sued Disney, Fox and Warner Bros. Discovery Getty

Fubo sued Disney, Fox and Warner Bros. Discovery Getty

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+.

Author: Editors Desk

Source: Deadline

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