Disney has announced a major deal with sports streamer FuboTV, combining Hulu + Live TV with Fubo. Disney will control 70% of Fubo, with shareholders owning the remaining 30%. The merger settles litigation with Disney, Fox, and Warner Bros. Discovery related to Venu Sports. Fubo's shares surged over 100% following the announcement, creating one of the largest digital pay-TV providers. The combined company is expected to be cash flow positive with over 6.2 million subscribers and $6 billion in revenue.
Source: https://finance.yahoo.com/news/disney-to-combine-hulu--live-tv-with-fubotv-151438279.html