Disney Closes Acquisition Of Fubo, Creating Bulked-Up Rival To YouTube TV
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Disney has completed its acquisition of a majority stake in Fubo, which will create the No. 6 pay-TV operator in the U.S. when combined with Hulu + Live TV.
The two services will together have nearly 6 million subscribers in North America. Each will continue to be available as separate services, branded individually. Even so, their new heft makes Disney a larger rival to YouTube TV in the internet-delivered pay-TV space. Disney and YouTube TV, meanwhile, are embroiled in a carriage dispute ahead of Thursday night’s expiration of their current contract.
The streaming combination resulted from Fubo’s antitrust lawsuit against Disney, Fox Corp. and Warner Bros. Discovery over the now-shuttered Venu Sports joint venture. The sports-focused streaming venture was waylaid before its planned 2024 launch
MORE to come …
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