Disney agrees to merge Hulu+ Live into Fubo, settles Venu suitWalt Disney Co and streaming provider FuboTV Inc agreed to combine their online live TV businesses, creating the second-biggest digital pay-TV provider.
As part of the transaction, Disney will fold its Hulu+ Live TV business into Fubo, creating a new venture that will be 70%-owned by Disney and the rest by Fubo, Disney said in a statement on Monday, confirming an earlier Bloomberg report.