---
schema_version: "secwatch.filing_event.v1"
accession: "0000950157-25-000034"
form_type: "8-K"
ticker: "DIS"
cik: "0001744489"
company_name: "Walt Disney Co"
filed_at: "2025-01-06T23:59:59+00:00"
generated_at: "2026-05-28T11:10:55.881225+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950157-25-000034
- form_type: 8-K
- ticker: DIS
- cik: 0001744489
- company_name: Walt Disney Co
- filed_at: 2025-01-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1744489/000095015725000034/0000950157-25-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1744489/000095015725000034/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950157-25-000034
- JSON: https://secwatch.observer/filing/0000950157-25-000034.json
- Plain text: https://secwatch.observer/filing/0000950157-25-000034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.