Disney to Merge Hulu + Live TV With Fubo, Taking on YouTube TV and Ending Venu Lawsuit
The Walt Disney Co. will merge its streaming multichannel video service Hulu With Live TV with its competitor Fubo in a surprise deal that will shake up the streaming TV business, the companies said Monday.
The new company will continue to be traded publicly under the Fubo name, however, Disney will control 70 percent and appoint a majority of the board. Fubo management, including co-founder and CEO David Gandler, will run the combined venture.
The deal will do a couple of big things if and when...
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