Disney’s Hulu + Live TV service and Fubo to merge in surprise deal ending Venu lawsuit
CNNNew York CNN — Disney’s Hulu + Live TV service and Fubo will merge, creating one of the country’s largest pay TV providers, the companies announced Monday in a surprise deal that will potentially allow the Venu Sports streaming service to move forward. Under the terms of the agreement, Disney will own 70% of Fubo while the TV streaming service’s current management team will operate the newly combined entities, led by Fubo co-founder and chief executive David Gandler. As part of the deal, Fubo will drop its lawsuit against Venu Sports, the streaming joint venture between Disney, Fox Corp, and CNN’s parent Warner Bros. Last year, Fubo sued Disney, Fox Corp, and WBD, blocking the trio’s joint sports streaming venture, Venu Sports, which was slated to launch in August 2024.