Streaming Powerhouses Unite: Disney and FuboTV Near Landmark Deal
In a move set to shake up the online live TV landscape, Walt Disney Co and FuboTV are on the cusp of a groundbreaking agreement. According to sources familiar with the matter, Disney will merge its Hulu + Live TV business with FuboTV, creating a new entity with Disney holding a 70% stake and FuboTV retaining the remaining 30%.
A New Era for Live TV Streaming
This strategic partnership will bring together two industry heavyweights, combining their resources and expertise to create a formidable force in the live TV streaming market. The deal marks a significant shift in the competitive landscape, as Disney and FuboTV look to capitalize on the growing demand for online live TV services.
FuboTV Shares Soar on News of Deal
Following the report, FuboTV’s shares experienced a remarkable surge, jumping nearly 32% to $1.90 in premarket trading. This sudden spike comes as a welcome respite for FuboTV, whose shares had plummeted over 60% in 2024 due to slowing revenue growth and intensifying competition from larger rivals.
Resolving Antitrust Concerns
As part of the agreement, FuboTV will drop its legal claims against Disney, Fox Corp, and Warner Bros Discovery regarding Venu Sports. This move removes a significant hurdle to the launch of their upcoming sports streaming platform, which had been temporarily blocked by a district court judge due to antitrust concerns.
Hulu’s Subscription Video Streaming Business Excluded
Notably, the deal does not involve Hulu’s subscription video streaming business, which will continue to operate independently. Hulu + Live TV, on the other hand, provides consumers with access to a vast library of on-demand content, as well as over 90 live TV channels. The service is available in two plans: an ad-supported option priced at $82.99 per month, and a “Live TV Only” option for $81.99 a month.
A Brighter Future for Live TV Streaming
The Disney-FuboTV deal signals a new era of cooperation and innovation in the live TV streaming space. As the industry continues to evolve, this partnership is poised to drive growth, improve services, and ultimately benefit consumers.
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