"Fubo and Hulu Live TV are officially joining forces. After some buzz earlier this year about the groundbreaking transaction, it's now a done deal. The two companies announced on Wednesday that they've wrapped up their agreement to combine Fubo's sports-centric platform with Hulu's live TV service, following a nod of approval from Fubo shareholders last month. This is a game-changer in the streaming landscape as the new entity becomes the sixth-largest Pay TV provider in the U.S., boasting nearly 6 million subscribers."
"One key highlight is the integration of Fubo's sports offering with Hulu's comprehensive entertainment library. Together, the platform offers an impressive lineup of over 55,000 live sporting events each year, a significant draw for sports fans. Additionally, Fubo subscribers will have access to a substantial collection of popular shows and movies that were previously unavailable to them. Another benefit of the merger is that it will offer customers more flexible options."
"The companies plan to offer several plan options, including smaller "skinny" bundles and more "robust" offerings, all at prices the two companies consider competitive. However, users can still access both platforms separately - Fubo will keep its dedicated app, while Hulu Live TV will remain part of the Hulu platform, included in Disney's bundle that features Hulu, Disney+, and ESPN Unlimited. Disney will hold approximately a 70% interest in the newly combined company, while existing Fubo shareholders will retain around 30%."
Fubo and Hulu Live TV completed a merger combining Fubo's sports-focused platform with Hulu's live TV service. The combined company becomes the sixth-largest pay-TV provider in the U.S. with nearly 6 million subscribers, positioning it as a direct competitor to YouTube TV's roughly 10 million. The Department of Justice's Antitrust Division cleared the transaction. The integrated platform will deliver over 55,000 live sporting events annually and provides Fubo subscribers access to a broad library of shows and movies. The companies will offer multiple plan tiers including skinny and more robust bundles, maintain separate apps/platform access, and set competitive pricing. Disney will own about 70% and Fubo shareholders about 30%.
Read at TechCrunch
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