Fubo Shareholders Greenlight Merger with Hulu Live TV

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Fubo Shareholders Greenlight Merger with Hulu Live TV

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Fubo shareholders have given the green light for the merger with Disney’s Hulu Live TV, a move that aims to strengthen Hulu’s position against YouTube in the streaming industry. The merger, once finalized, will create a larger entity with Disney owning approximately 70% of Fubo, overseen by Fubo’s CEO David Gandler.

Fubo, a popular live sports TV streaming service, announced that its shareholders have approved the merger with Disney, uniting Fubo with Hulu Live TV. This agreement, first revealed in January, aims to position Hulu as a stronger competitor against YouTube in the streaming industry.

YouTube TV currently boasts around 10 million subscribers, largely due to its live sports content. The combined subscriber base of Hulu Live TV and Fubo is approximately 6 million, indicating a strategic move to narrow the competitive margin. The merger could potentially provide sports enthusiasts with more diverse viewing options.

Sources hint at Fubo considering the introduction of a new Hulu-branded package for subscribers, offering access to Disney’s trio of streaming services (Disney+, Hulu, and ESPN) at no extra charge. Fubo recently launched a sports-only package at a reduced price. However, while approved by Fubo shareholders, the merger is pending regulatory clearance due to its impact on market competition and the consolidation of streaming services.

Upon completion, Disney will hold a majority stake of about 70% in Fubo. Despite this, Fubo assures viewers that it will remain an independent service. The merged entity will be overseen by David Gandler, Fubo’s co-founder and CEO, who will lead the combined Fubo and Hulu Live TV operations.

Disclaimer: This article has been auto-generated from a syndicated RSS feed and has not been edited by Vitrina staff. It is provided solely for informational purposes on a non-commercial basis.

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