Fubo shareholders approve Hulu Live TV deal

Fubo, the well-known live sports streaming platform, revealed on Tuesday that its shareholders have given the green light to a significant merger with Disney’s Hulu Live TV. This agreement, first announced in January, is poised to shake up the streaming landscape by enhancing Hulu's competitive edge against its larger rival, YouTube. Currently, YouTube TV boasts around 10 million subscribers, largely attributed to its extensive live sports offerings. In contrast, the combined subscriber base of Hulu Live TV and Fubo stands at approximately 6 million. This merger is a strategic move aimed at bridging the gap between the two services. If executed effectively, the merger could provide sports enthusiasts with more versatile viewing options. Reports indicate that Fubo may be considering launching a new Hulu-branded package, potentially allowing subscribers to access Disney’s streaming trio—Disney+, Hulu, and ESPN—at no extra charge. Additionally, Fubo recently introduced a budget-friendly sports-only package, further diversifying its offerings. Despite this positive shareholder vote, the merger remains contingent upon regulatory approvals due to its potential impact on market competition and a reduction in independent streaming services. Once finalized, Disney is set to hold about 70% of the newly merged entity. However, Fubo has assured viewers that it will maintain its independent streaming service. The integration will be led by David Gandler, Fubo’s co-founder and CEO, who will manage the combined operations of Fubo and Hulu Live TV.