Disney (DIS) will mix its Hulu + Live TV business with sports streamer FuboTV (FUBO) in the primary major media dealmaking move of 2025.
In keeping with a press release, Disney will control 70% of Fubo. Shareholders of the sports streamer will own the remaining 30% of the combined business, which is able to operate under the Fubo publicly traded company name.
Along with the transaction, Fubo settled all litigation with Disney, Fox (FOX), and Warner Bros. Discovery (WBD) related to Venu Sports, the planned sports streaming platform previously announced by the trio.
Shares of Fubo surged nearly 250% Monday on the heels of the announcement. Disney stock was little modified while Fox and WBD shares were up about 1% and three%, respectively.
The mix of the 2 businesses will form one in every of the biggest digital pay-TV providers as consumers seek for cable alternatives amid increased cord-cutting.
Fubo, which offers users access to live TV channels over the web, has primarily focused on sports and news. Hulu + Live TV, categorized as a cable substitute option — much like YouTube TV — allows users to stream from about 100 live TV channels across sports, news, and entertainment.
On an investor call following the announcement, Fubo said the combined company is anticipated to “change into immediately money flow positive,” with over 6.2 million subscribers in North America and over $6 billion in revenue.
The agreement may also provide Fubo with $220 million in immediate money, plus $145 million in committed financing available in January 2026 to boost liquidity and ensure continued investments.
“We’re delighted by today’s outcomes,” said David Gandler, co-founder and CEO of Fubo, who may also run the brand new business. “Increased scale means we have now the pliability to pursue diverse growth strategies, opening up a spread of opportunities, each domestically and internationally.”
Gandler added that while Fubo will proceed to deal with sports and news, it should now give you the chance to supply much more consumer options, including access to ESPN+ through amended distribution agreements with each Disney and Fox.
“Crucially, Fubo has the potential to create skinnier sports, news, and entertainment bundles based on consumer needs,” he said, noting that Hulu + Live TV will remain an entertainment-focused cable substitute service.
Overall, Fubo’s management team said the deal will create a “very competitive and exciting environment” and that the corporate is now “preparing” for its growth stage.
