It’s official: Fubo is combining with Hulu Live TV

Fubo and Hulu Live TV are officially joining forces.

After some rumours Earlier this year Regarding the landmark transaction, it is now a done deal. Two companies announcement On Wednesday that they wrapped up their deal to combine Fubo’s sports-focused platform with Hulu’s live TV service, Approval of approval from Fubo shareholders last month

It’s a game-changer in the streaming landscape as the new entity becomes the sixth largest pay TV provider in the US, boasting nearly 6 million subscribers. That puts the newly combined company in direct competition with YouTube TV, which leads with nearly 10 million subscribers.

However, the deal creates a larger entity and affects market competition by reducing the number of independent streaming players, sources said Report Disney and Fubo have received clearance from the Justice Department’s Antitrust Division to proceed with the transaction.

A key attraction is the integration of Fubo’s sports offering with Hulu’s extensive entertainment library. Together, the platform offers an impressive lineup of over 55,000 live sporting events per year, a significant draw for sports fans. Additionally, Fubo subscribers will have access to a significant collection of popular shows and movies previously unavailable to them.

Another advantage of the merger is that it will provide customers with more flexible options. The companies plan to offer several plan options, including smaller “skinny” bundles and more “powerful” offerings, at prices that the two companies consider competitive.

However, users will still be able to access both platforms separately — Fubo will keep its dedicated app, while Hulu Live TV will remain part of the Hulu platform, included in Disney’s bundle that features Hulu, Disney+ and ESPN Unlimited.

Disney will hold an approximately 70% interest in the newly combined company, while existing Fubo shareholders will hold approximately 30%. Additionally, the combined company will have access to a $145 million term loan that Disney has agreed to provide to Fubo in 2026 as part of the transaction.

The announcement comes on the heels of curious developments regarding Paramount’s interest in acquiring Warner Bros. Report indicated that Paramount CEO David Ellison wants to spin off HBO Max as a standalone streaming service and consolidate its content and user base into Paramount+.