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

Fubo and Hulu Live TV have officially announced their merger, marking a significant shift in the streaming landscape. This long-anticipated agreement, confirmed on Wednesday, follows the approval from Fubo shareholders last month and represents a strategic alliance between two major players in the industry. The newly formed entity will emerge as the sixth-largest Pay TV provider in the United States, boasting nearly 6 million subscribers. This positions it squarely against YouTube TV, which currently leads the market with about 10 million subscribers. While the merger consolidates market power, it has received clearance from the Justice Department’s Antitrust Division, allowing Disney and Fubo to move forward with their plans. A standout feature of this merger is the combination of Fubo’s extensive sports offerings with Hulu’s vast entertainment library. The joint platform is set to provide access to over 55,000 live sporting events annually, enhancing the viewing experience for sports enthusiasts. Furthermore, Fubo subscribers will gain access to a wide array of popular shows and movies that were not previously available to them. In terms of customer options, the merger promises increased flexibility. The companies plan to introduce a variety of subscription plans, including smaller “skinny” bundles and more comprehensive packages, all competitively priced. Importantly, both platforms will remain accessible separately; Fubo will continue to operate its standalone app, and Hulu Live TV will remain integrated within the Hulu platform, part of Disney’s bundle alongside Hulu, Disney+, and ESPN Unlimited. Disney is set to hold approximately 70% of the newly merged company, while existing Fubo shareholders will maintain around 30%. To support this transition, the combined entity will also benefit from a $145 million term loan from Disney, scheduled for 2026. This merger announcement comes amidst other notable industry shifts, including Paramount’s potential acquisition of Warner Bros., hinting at ongoing consolidation within the streaming market.