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Disney is buying Fubo and plans to merge the sports streaming platform with its Hulu + Live TV service, gaining 70 percent ownership of the company that up until today was suing it over antitrust concerns and allegations of anticompetitive practices.
According to Fubo’s announcement today, the unified company will be known as Fubo, and Fubo executives will run it. People will also continue to be able to subscribe to Fubo without subscribing to Hulu + Live TV and vice versa. Also part of the announcement is the revelation that Fubo has settled its antitrust lawsuit against Disney, Fox, and Warner Bros. Discovery (WBD) over Venu, a joint venture sports app that the companies plan to launch and that Fubo was seeking to block, citing the three firms' allegedly anticompetitive practices.
Fubo had previously claimed that Disney, Fox, and WBD had forced it to pay for irrelevant channels that don’t appeal to sports fans by bundling those networks with sports networks. Fubo’s lawsuit accused Disney and Fox of forcing it to spend millions on unwanted content and forcing it “to drop valuable channels” through price hikes.
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According to Fubo’s announcement today, the unified company will be known as Fubo, and Fubo executives will run it. People will also continue to be able to subscribe to Fubo without subscribing to Hulu + Live TV and vice versa. Also part of the announcement is the revelation that Fubo has settled its antitrust lawsuit against Disney, Fox, and Warner Bros. Discovery (WBD) over Venu, a joint venture sports app that the companies plan to launch and that Fubo was seeking to block, citing the three firms' allegedly anticompetitive practices.
Fubo had previously claimed that Disney, Fox, and WBD had forced it to pay for irrelevant channels that don’t appeal to sports fans by bundling those networks with sports networks. Fubo’s lawsuit accused Disney and Fox of forcing it to spend millions on unwanted content and forcing it “to drop valuable channels” through price hikes.
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