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let’s get it on?!….Disney’s ‘Hulu + live TV’ and Fubo in talks to merge…..
Posted by: NewtonMP2100
Date: January 06, 2025 07:44AM
…..a deal could be announced some time this week…..


Disney's Hulu + Live TV business to combine with Fubo, clearing way for Venu Sports

....Walt Disney Co said on Monday it would merge its Hulu + Live TV business with smaller rival FuboTV, removing a significant hurdle to the launch of its sports streaming venture with Fox Corp and Warner Bros Discovery.

The combination creates the second-biggest online pay-TV company in North America, behind YouTube TV , with around $6 billion in revenue and 6.2 million subscribers. The services deliver cable TV-like packages of channels via the internet, offering an alternative to cable or satellite TV subscriptions.

Disney will hold a 70% majority stake in the combined Fubo and Hulu + Live venture, which will be led by Fubo CEO and co-founder David Gandler. The deal excludes Hulu's mainstay video-streaming business.
Wall Street investors reacted enthusiastically to the deal. Shares of Fubo, which had a market value of about $480 million as of its Friday close, surged roughly 260% to $5.18 in afternoon trading. Disney was up marginally.

As part of the agreement, Fubo, a sports live-streaming service, asked the U.S. District Court in Manhattan on Monday to dismiss its lawsuit against Venu Sports, the streaming service planned by Disney, Fox and Warner Bros Discovery. Under the litigation settlement, the companies will pay Fubo $220 million in cash, with Disney also committing to a $145 million term loan for Fubo in 2026.

FuboTV, in its lawsuit filed against the three companies last February, had accused Venu's partners of engaging in anti-competitive practices that would thwart competition for sports fans. At issue was a practice known as "bundling," in which TV distributors like Fubo are forced to carry networks that "consumers rarely watch" to gain rights to prized live sports programming. Fubo argued it was unable to gain the rights to create a sports-centric service, in the mold of Venu.......



……..urge………to……..merge………?!



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Edited 1 time(s). Last edit at 01/06/2025 05:16PM by NewtonMP2100.
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Re: let’s get it on?!….Disney’s ‘Hulu + live TV’ and Fubo in talks to merge…..
Posted by: Michael
Date: January 06, 2025 08:34AM
All I ever care about is whether I'll be able to renew the Hulu and Disney deal near Black Friday. I think this year it was $5 for the pair with ads.
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Re: let’s get it on?!….Disney’s ‘Hulu + live TV’ and Fubo in talks to merge…..
Posted by: special
Date: January 06, 2025 08:38AM
$3
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Re: let’s get it on?!….Disney’s ‘Hulu + live TV’ and Fubo in talks to merge…..
Posted by: Michael
Date: January 06, 2025 08:40AM
Quote
special
$3

I got a better deal than I thought when I re-upped!
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