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Disney’s Hulu + Live TV, Fubo Merger Surprised Wall Street and Could Lead to More Deals
The Hollywood ReporterStory by Georg Szalai
scrn logline
Disney surprises Wall Street with a Hulu + Live TV and FuboTV merger, creating a new streaming powerhouse to take on YouTube TV and reshape the sports streaming landscape.
beat sheet
- The combined entity will have 6.2 million subscribers in North America, making it the 6th largest pay-TV distributor in the U.S. and 6.5 million globally, with $6 billion in pro-forma revenue.
- The merger allows Disney to offload the zero-margin Hulu + Live TV business, boosting the profitability of its larger streaming empire, while also giving it new options for sports streaming via Fubo and the Venu joint venture.
call sheet
David Gandler, Disney, FuboTV, Hulu, Venu Sports, Fox Corp., Warner Bros. Discovery, YouTube TV, Bernstein, MoffettNathanson, Morgan Stanley, Moody's, Wedbush, Venu, ESPN Flagship