Ever wondered what would happen if two big streaming services joined forces? Well, that's exactly what's happening with Fubo and Disney's Hulu + Live TV. These two are combining in a massive deal that also settles some legal drama.

    Both services let you watch live TV and cable networks on your favorite devices. After the merge, Disney will own 70% of the company, but it will still run under Fubo's name and management. Together, they've got a whopping 6. 2 million subscribers in North America.

    So, what's the big deal? David Gandler, Fubo's CEO, says it's all about giving customers more choices and flexibility. Plus, it's a smart move for Fubo's financial health. Disney's chipping in with a loan and a termination fee that could reach $130 million.

    But here's where it gets even more interesting. Disney's also cutting a new deal with Fubo. This deal means Fubo can create a new sports and broadcast service featuring Disney's big networks like ABC, ESPN, and more.

    Now, you might be wondering about that legal battle over Venu Sports. Well, it's all settled now. Fubo has made peace with Disney, ESPN, Fox, and Warner Bros. Discovery. In fact, they're paying Fubo a cool $220 million. It's like they're saying, "Let's bury the hatchet and move on. "

    With this merger, Fubo's stock tripled while Disney's stock saw a slight increase. It's a win-win for both companies.

Streaming Giants Team Up: Fubo Jeff and Disney Hulu's Big Merge

Actions