Disney to merge Hulu + Live TV with FuboTV, forming second-biggest online pay-TV platform

Walt Disney Co. has announced a merger between its Hulu + Live TV business and FuboTV, creating the second-largest online pay-TV provider in North America, behind YouTube TV. The combined entity will generate an estimated $6 billion in revenue with 6.2 million subscribers, offering internet-based cable TV packages as an alternative to traditional cable or satellite services. Disney will hold a 70% stake in the joint venture, which will be led by Fubo CEO and co-founder David Gandler. Notably, the deal excludes Hulu’s core video-streaming service.