Fubo and The Walt Disney Company have now closed their previously announced merger transaction, resulting in the combining of the Fubo and Hulu Live TV businesses.
Key Takeaways
- Fubo and Disney have finalized their merger, combining Fubo and Hulu Live TV into a single business entity now operating under the name “Fubo.”
- Both services remain separate offerings, with distinct pricing plans and apps.
- The combined platform now serves nearly 6 million subscribers, making it the sixth largest Pay TV provider in the U.S.
First announced at the start of the year, Disney and Fubo confirmed their plans to join forces through the combining of the Hulu Live TV and Fubo live TV services.
In September, the Fubo and Hulu Live TV merger received approval from Fubo shareholders.
Today the two companies confirmed the transaction had closed, resulting in the creation of a newly combined Fubo and Hulu Live TV business operating under ‘Fubo.’
With nearly 6 million subscribers in North America, the combined business now represents the sixth largest Pay TV company in the U.S., according to Fubo and Disney.
“Today’s announcement brings together two industry leading brands and a compelling set of resources that uniquely position us to meet the evolving needs of today’s consumer,” said Andy Bird, Chairman of the Board of Directors.
In spite of the combining of the two businesses, the Fubo and Hulu Live TV services will continue to be offered to consumers as separate services, each with different plans targeting varying price points.
There is also no change to the way the services are accessed, with Hulu Live TV still available through the Hulu app and available to bundle with Hulu, Disney+ and ESPN Unlimited.
Likewise, Fubo remains available to consumers through the Fubo app.
“Together with Disney, we’re creating a more flexible streaming ecosystem that gives consumers greater choice, while driving profitability and sustainable growth,” said David Gandler, Co-founder and CEO of Fubo.
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