Summary by Moomoo AI
FuboTV and Disney have announced a definitive agreement to combine Hulu + Live TV with Fubo, creating a virtual MVPD powerhouse with over 6.2 million North American subscribers. Disney will own 70% of the combined entity, which will continue operating under the Fubo name and existing management team led by CEO David Gandler.The deal includes a new carriage agreement allowing Fubo to create a Sports & Broadcasting service featuring Disney's networks including ABC and ESPN. Both Fubo and Hulu + Live TV will remain as separate offerings, with Hulu + Live TV continuing to be bundled with Disney+ and ESPN+. The combined company is expected to achieve synergies through flexible programming packages and improved operational efficiency.As part of the transaction, Fubo has settled all litigation with Disney, FOX, and Warner Bros. Discovery, receiving a $220 million cash payment. Disney will provide a $145 million term loan to Fubo in 2026. The deal is subject to regulatory approvals and Fubo shareholder approval, with a $130 million termination fee payable to Fubo under certain circumstances.
