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Disney To Merge Hulu + Live TV With Fubo

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. From a report: The new company will continue to be traded publicly under the Fubo name, howev...

From a report: The new company will continue to be traded publicly under the Fubo name, however Disney will control 70% 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 it is completed: For starters, it will create a much bigger player in the virtual multichannel video provider (vMVPD) space, one that can more aggressively take on the market leader YouTube TV.

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