Everything We Know About Disney, Hulu and Fubo

Photo form Bolivia Inteligente via Unsplash

By India McCarty

Disney and Fubo have come to an official agreement, announcing plans to merge the streamer’s business with Hulu + Live TV. 

“Since Fubo’s founding a decade ago, our vision has always been to build a consumer-first streaming platform defined by innovation and value,” David Gandler, Co-founder and CEO of Fubo, said in a statement. “Together with Disney, we’re creating a more flexible streaming ecosystem that gives consumers greater choice, while driving profitability and sustainable growth.”

Gandler continued, “We’re also proud to reward our retail shareholders who have supported Fubo’s mission from the very beginning. We believe this combination delivers the scale, stability and strategic clarity to create lasting value for consumers and shareholders, and indelibly impact the future of live streaming.”

 

 

Deadline reported that, through this new deal, Disney will control “70% of the new streaming organization, with Fubo shareholders retaining the rest.”

Fubo and Hulu + Live TV will continue to be available to subscribers as “separate and distinct services.” By combining their businesses, Disney “expects to realize cost, revenue and operational synergies through content cost savings achieved by more flexible programming packaging, advertising optimization and sales and marketing opportunities,” per a press release. 

This move is part of Disney’s efforts to rival YouTube TV, which is reportedly approaching 10 million subscribers. Between Fubo and Hulu’s merger and Disney+, the streamers will have around 6 million subscribers. 

Disney’s acquisition of Fubo was announced in January, with Justin Warbrooke, executive vice president and head of corporate development for Disney, saying in a statement, “This combination will allow both Hulu + Live TV and Fubo to enhance and expand their virtual MVPD [multichannel video programming distributor] offerings and provide consumers with even more choice and flexibility.”

“We have confidence in the Fubo management team and their ability to grow the business, delivering high-quality offerings that serve subscribers with the content they want and offering great value,” he continued. 

As part of the merger, Fubo is also bringing on a new chairman of the board of directors, Andy Bird. 

“It is a privilege to join Fubo as Chairman at such a transformative time for the company,” he said in a statement. “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.”

Disney’s acquisitions of Fubo and Hulu show that the streaming service is serious about coming out on top in the ongoing streaming wars. 

Read Next: Is Fubo’s ‘Skinny’ Sports Bundle Worth it for Avid Sports Fans?

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