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Disney | 8-K: Fubo and Disney's Hulu + Live TV Virtual MVPD Businesses to Combine

Disney | 8-K: Fubo and Disney's Hulu + Live TV Virtual MVPD Businesses to Combine

迪士尼 | 8-K:Fubo与迪士尼的Hulu + Live TV Virtual MVPD业务合并
美股SEC公告 ·  01/06 22:03

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Disney has announced plans to combine its Hulu + Live TV business with FuboTV, creating a virtual MVPD powerhouse with 6.2 million North American subscribers. Under the agreement, Disney will acquire a 70% ownership stake in the combined entity, which will continue to operate under the Fubo name and existing management team led by CEO David Gandler.The merger aims to enhance consumer choice through flexible programming packages, with both Hulu + Live TV and Fubo remaining as separate offerings. A new Sports & Broadcasting service will be created featuring Disney's premier networks including ABC and ESPN. The combined company is projected to be cash-flow positive immediately after closing.As part of the deal, Fubo has settled all litigation with Disney, ESPN, FOX, and Warner Bros. Discovery related to Venu Sports, receiving a $220 million settlement payment. Disney will provide an additional $145 million term loan to Fubo in 2026. The transaction is subject to regulatory approvals and Fubo shareholder approval.
Disney has announced plans to combine its Hulu + Live TV business with FuboTV, creating a virtual MVPD powerhouse with 6.2 million North American subscribers. Under the agreement, Disney will acquire a 70% ownership stake in the combined entity, which will continue to operate under the Fubo name and existing management team led by CEO David Gandler.The merger aims to enhance consumer choice through flexible programming packages, with both Hulu + Live TV and Fubo remaining as separate offerings. A new Sports & Broadcasting service will be created featuring Disney's premier networks including ABC and ESPN. The combined company is projected to be cash-flow positive immediately after closing.As part of the deal, Fubo has settled all litigation with Disney, ESPN, FOX, and Warner Bros. Discovery related to Venu Sports, receiving a $220 million settlement payment. Disney will provide an additional $145 million term loan to Fubo in 2026. The transaction is subject to regulatory approvals and Fubo shareholder approval.
迪士尼宣布计划将其Hulu + Live TV业务与FuboTV合并,打造一个拥有620万北美订阅用户数的虚拟MVPD强者。根据协议,迪士尼将获得合并实体70%的所有权,合并实体将继续以Fubo的名义运营,并由首席执行官David Gandler领导的现有管理团队管理。此次合并旨在通过灵活的编程套餐增强消费选择,同时Hulu + Live TV和Fubo将保持为独立的产品。将创建一个新的体育与广播服务,包含迪士尼的优质网络,包括农业银行和ESPN。合并后的公司预计将在交易完成后立即实现现金流正向。作为交易的一部分,Fubo已与迪士尼、ESPN、FOX和华纳兄弟探索有关Venu Sports的所有诉讼达成和解,获得22000万美元的和解款项。迪士尼将在2026年向Fubo提供额外的14500万美元的定期贷款。该交易需经监管审批及Fubo股东的批准。
迪士尼宣布计划将其Hulu + Live TV业务与FuboTV合并,打造一个拥有620万北美订阅用户数的虚拟MVPD强者。根据协议,迪士尼将获得合并实体70%的所有权,合并实体将继续以Fubo的名义运营,并由首席执行官David Gandler领导的现有管理团队管理。此次合并旨在通过灵活的编程套餐增强消费选择,同时Hulu + Live TV和Fubo将保持为独立的产品。将创建一个新的体育与广播服务,包含迪士尼的优质网络,包括农业银行和ESPN。合并后的公司预计将在交易完成后立即实现现金流正向。作为交易的一部分,Fubo已与迪士尼、ESPN、FOX和华纳兄弟探索有关Venu Sports的所有诉讼达成和解,获得22000万美元的和解款项。迪士尼将在2026年向Fubo提供额外的14500万美元的定期贷款。该交易需经监管审批及Fubo股东的批准。
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