The Walt Disney Company (Disney) and Hulu, LLC (Hulu) finalized a business combination agreement on January 6, 2025, merging FuboTV Inc. with Disney's Hulu + Live TV business.
The combined entity, known as Hulu Live Business, now operates with Disney and Hulu collectively owning about 70% of the voting interest in FuboTV Inc.
This strategic move positions Disney as a major player in the live TV streaming market, expanding its reach and offerings.
Strategic Merger
Disney's acquisition of Hulu's live TV business boosts its presence in the streaming sector, enhancing its competitive edge.
Ownership Share
Disney and Hulu together control approximately 70% of the voting interest in the newly formed entity, solidifying their market influence.
Market Position
With nearly six million paid subscribers, the combined entity stands as the sixth-largest Pay TV company in the U.S., showcasing significant growth potential.
- The business combination allows Disney to tap into the rapidly evolving live TV streaming landscape, aligning with consumer preferences for OTT platforms over traditional cable services.
- With a strong focus on sports, news, and entertainment programming, the merger positions the company to capitalize on the shifting revenue streams within the streaming industry.
The completion of the business combination marks a strategic milestone for The Walt Disney Company, enhancing its portfolio and market positioning in the competitive streaming industry.