FuboTV and Disney have completed the merger of Fubo with Disney's Hulu + Live TV business, creating a new streaming pay-TV player with almost 6 million subscribers across North America.
The deal makes the merged operation the sixth largest pay-TV company in the United States and one of the biggest virtual MVPDs in the market.
Fubo co-founder and chief executive David Gandler will lead the new entity, which will remain publicly listed.
Both the Fubo and Hulu + Live TV services will continue to be marketed separately for now.
Disney has agreed to provide a $145 million term loan to the combined business in 2026, with a $130 million break fee built into the structure.
No comment from Disney or FuboTV on future plans.
Author's summary: FuboTV and Hulu + Live TV merge to create a new streaming pay-TV player.