Disney and FuboTV just kicked off the 2025 media biz M&A sweepstakes with the merger of Fubo TV and Hulu + Live TV. What does the deal mean?

Today, Walt Disney Co. announced that it would be merging its Hulu + Live TV service with Fubo, another of the best cable alternatives out there. While billed as a merger, it seems that Disney has decided to acquire one of its competitors, as the new company formed by this merger will be 70% owned by the House of Mouse.

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The launch of sports streamer Venu, "and potentially new packages from Fubo, appears to be an important strategic lever to cast a wider net and catch all potential subscribers," says one Disney analyst.

Disney will merge its Hulu + Live TV virtual MVPD with competitor Fubo, expanding its sports-focused distribution while settling a suit over skinny bundle Venu.

Fubo will also handle deals with channels independently, giving them more flexibility to offer sports and entertainment options. The company will be traded publicly under the name

In a surprising deal announced on Monday, Disney is set to combine its Hulu Live TV business with Fubo, the live TV streaming service known for its extensive sports coverage. Under the terms of the deal, Disney will own about 70% of Fubo, which will continue to be available to viewers as a separate offering.

Disney and FuboTV are nearing a deal to combine their online live TV businesses, a deal that is expected to see Fubo drop its legal claims against Disney, Fox and WBD over Venu Sports.

Cord cutters who have migrated to Hulu + Live TV received big news this week, according to Deadline. Disney announced it purchased the live event streaming platform Fubo. The sports streaming service will merge with the streaming cable alternative to serve a combined 6.