At closing, Disney will own 70% of Fubo, however, Fubo and Hulu + Live TV will continue to be available to consumers as separate offerings.
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Disney Monday announced a new joint venture which will combine its Hulu + Live TV service with Fubo.
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“This combination will allow both Hulu + Live TV and Fubo to enhance and expand their virtual MVPD [multichannel video programming distributor] offerings and provide consumers with even more choice and flexibility,” executive vice president and head of corporate development for Disney Justin Warbrooke said in a statement.
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“We are thrilled to collaborate with Disney to create a consumer-first streaming company that combines the strengths of the Fubo and Hulu + Live TV brands,” Gandler said in a statement.