Home » Economy » Walt Disney and Fubo reach deal to combine online live TV businesses
Economy

Walt Disney and Fubo reach deal to combine online live TV businesses

Walt Disney is joining its Hulu+ Live TV service with streaming provider Fubo, the companies announced Monday. 

The new venture, which will be operated under the publicly traded Fubo company name, will be 70% owned by Disney and the remainder by Fubo shareholders, according to a joint statement.

Hulu+ Live TV and Fubo together have 6.2 million subscribers.

— This is a developing story and will be updated.

    In:

  • Hulu
  • Disney

Source