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?

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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.

Disney will own 70% of Fubo, while the current management team of the TV streaming service will be responsible for the new partnership

Disney and Fubo have reached an agreement to merge, the companies announced Monday, signaling a victory for the entertainment giant in the world of sports streaming. Fubo, a platform that offers a sports-first package of live TV streaming channels that it advertises as cheaper than traditional cable bundles,

Hulu+ Live TV and Fubo will merge their internet TV businesses, Disney announced Monday. Disney, which owns Hulu, will be the majority owner of the new Fubo.

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.

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One line tucked into the press release stood out for those interested in the behind-the-scenes maneuverings in the sports media space: "In connection with the Transaction, Disney will enter into a new carriage agreement with Fubo that will allow Fubo to create a new Sports & Broadcast service,