Disney combines Hulu + Live TV with Fubo, taking 70% stake; $220M litigation settlement

Walt Disney Co

Disney to own 70% of combined vMVPD company, which has 6.2M North American subscribers.
Disney, Fox, and Warner Bros. Discovery pay Fubo $220M cash to settle Venu Sports litigation.
Disney commits $145M term loan to Fubo in 2026; $130M termination fee if deal fails due to regulatory issues.
Fubo management led by CEO David Gandler will run the combined company; Hulu + Live TV and Fubo remain separate offerings.
Fubo gets new carriage agreement to create a Sports & Broadcast service featuring Disney’s ABC and ESPN networks.

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