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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與迪士尼的Hulu + Live TV Virtual MVPD業務合並
美股SEC公告 ·  01/06 09:03

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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.
迪士尼宣佈計劃將其Hulu + Live TV業務與FuboTV合併,打造一個擁有620萬北美訂閱用戶數的虛擬MVPD強者。根據協議,迪士尼將獲得合併實體70%的所有權,合併實體將繼續以Fubo的名義運營,並由首席執行官David Gandler領導的現有管理團隊管理。此次合併旨在通過靈活的編程套餐增強消費選擇,同時Hulu + Live TV和Fubo將保持爲獨立的產品。將創建一個新的體育與廣播服務,包含迪士尼的優質網絡,包括農業銀行和ESPN。合併後的公司預計將在交易完成後立即實現現金流正向。作爲交易的一部分,Fubo已與迪士尼、ESPN、FOX和華納兄弟探索有關Venu Sports的所有訴訟達成和解,獲得22000萬美元的和解款項。迪士尼將在2026年向Fubo提供額外的14500萬美元的定期貸款。該交易需經監管審批及Fubo股東的批准。
迪士尼宣佈計劃將其Hulu + Live TV業務與FuboTV合併,打造一個擁有620萬北美訂閱用戶數的虛擬MVPD強者。根據協議,迪士尼將獲得合併實體70%的所有權,合併實體將繼續以Fubo的名義運營,並由首席執行官David Gandler領導的現有管理團隊管理。此次合併旨在通過靈活的編程套餐增強消費選擇,同時Hulu + Live TV和Fubo將保持爲獨立的產品。將創建一個新的體育與廣播服務,包含迪士尼的優質網絡,包括農業銀行和ESPN。合併後的公司預計將在交易完成後立即實現現金流正向。作爲交易的一部分,Fubo已與迪士尼、ESPN、FOX和華納兄弟探索有關Venu Sports的所有訴訟達成和解,獲得22000萬美元的和解款項。迪士尼將在2026年向Fubo提供額外的14500萬美元的定期貸款。該交易需經監管審批及Fubo股東的批准。
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