{"id":28819,"date":"2025-10-29T16:48:07","date_gmt":"2025-10-29T16:48:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/28819\/"},"modified":"2025-10-29T16:48:07","modified_gmt":"2025-10-29T16:48:07","slug":"disney-folds-hulu-live-tv-into-fubo","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/28819\/","title":{"rendered":"Disney folds Hulu + Live TV into Fubo"},"content":{"rendered":"\n

Walt Disney Co. on Wednesday said it finalized its deal to acquire a majority stake in FuboTV and swiftly combined its Hulu + Live TV business with the sports-focused operation. <\/p>\n

The union creates the nation\u2019s sixth largest pay-TV service with nearly 6 million domestic subscribers.<\/p>\n

Financial terms were not disclosed.<\/p>\n

Similar to competitors DirecTV, YouTube TV and Charter Spectrum, both Hulu + Live TV and Fubo distribute traditional channels including broadcasters ABC, CBS and cable channels Fox News, Bravo and ESPN. <\/p>\n

The combined company will be overseen by a nine-member board led by Brad Bird, former chairman of Walt Disney International. The firm will continue to offer Fubo and Hulu + Live TV as separate services available through their respective apps.<\/p>\n

Disney\u2019s investment plans were announced<\/a> in January, after the much smaller Fubo sued Disney and two other media companies over their plans to launch a high-profile streaming joint venture, Venu Sports. Fubo argued the collaboration of Disney, Fox Corp. and Warner Bros. Discovery was \u201ca sports cartel<\/a>,\u201d one that would crush its business. <\/p>\n

A judge agreed based on anti-trust concerns,<\/a> blocking further development of Venu. <\/p>\n

Disney\u2019s deal to acquire 70% of New York-based Fubo ended that litigation.<\/a> <\/p>\n

The combined business will be led by Fubo Chief Executive David Gandler, who co-founded the service, and Fubo\u2019s management team.<\/p>\n

\u201cSince Fubo\u2019s founding a decade ago, our vision has always been to build a consumer-first streaming platform defined by innovation and value,\u201d Gandler said in a statement. \u201cTogether with Disney, we\u2019re creating a more flexible streaming ecosystem that gives consumers greater choice, while driving profitability and sustainable growth.\u201d<\/p>\n

His firm will have access to a $145 million term loan that Disney agreed to provide. Fubo\u2019s ad sales team will join Disney\u2019s sales organization.<\/p>\n

The company\u2019s stock will continue to be publicly traded under the FUBO ticker. Existing Fubo shareholders represent about 30% of the company. Shares were up slightly to $3.95 in mid-day trading. <\/p>\n","protected":false},"excerpt":{"rendered":"Walt Disney Co. on Wednesday said it finalized its deal to acquire a majority stake in FuboTV and…\n","protected":false},"author":2,"featured_media":28820,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[21531,387,1804,6709,3588,7172,21532,14019,21525,21526,21530,48,52,51,47,50,49,21529,2822,21527,21528],"class_list":{"0":"post-28819","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-broadcaster-abc","9":"tag-business","10":"tag-company","11":"tag-deal","12":"tag-disney","13":"tag-firm","14":"tag-fox-corp","15":"tag-fox-news","16":"tag-fubo","17":"tag-hulu","18":"tag-investment-plan","19":"tag-la","20":"tag-la-headlines","21":"tag-la-news","22":"tag-los-angeles","23":"tag-los-angeles-headlines","24":"tag-los-angeles-news","25":"tag-separate-service","26":"tag-tv","27":"tag-venu-sports","28":"tag-walt-disney-co"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/28819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=28819"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/28819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/28820"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=28819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=28819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=28819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}