Walt Disney Co. is merging its Hulu + Live TV business with FuboTV to create the second-largest digital pay-TV provider, expanding consumer choices and enhancing scalability.
This partnership aims to leverage the combined 6.2 million subscribers between Hulu + Live TV and Fubo, preparing to rival YouTube TV in the streaming market.
Fubo's co-founder emphasized the deal strengthens Fubo's financial health and promises flexibility for consumers, marking a significant win for all stakeholders in the streaming industry.
Following the announcement, Fubo's stock soared nearly threefold, signifying strong investor confidence in the merger and its potential to reshape the market dynamics.
Collection
[
|
...
]