Disney To Merge Hulu Live TV With Fubo, Settling Venu Lawsuit
deadline.comDisney will combine its Hulu + Live TV business with Fubo and become majority owner of the resulting company in a deal that creates a major streaming player and settles all litigation between Fubo, Disney, Fox and Warner Bros.
Discovery over the Venu Sports streaming joint venture, a case that was set for a hearing in New York today. As the television landscape continues to evolve, the combined business of former adversaries will operate under Fubo’s publicly traded company (stock symbol FUBO) and be led by the existing Fubo management team.
The deal offers an expanded Fubo resources from deep-pocketed Disney starting with an immediate $220 million cash injection at close, and a $145 million term loan available in January of 2026.
Venu, announced with great fanfare last February, got a name and logo in May under CEO Pete Distad. The service aggregating the linear feeds from 14 sports-centric networks and streaming services of its three partners was priced at $42.99.
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