Fubo and Hulu Live TV have officially joined forces. After initial discussions earlier this year, the transaction is now complete. The two companies announced on Wednesday that they have finalized their agreement to combine Fubo’s sports-focused platform with Hulu’s live TV service. This follows the approval from Fubo shareholders last month.
This merger is a significant change in the streaming landscape. The new entity becomes the sixth-largest pay TV provider in the United States, with nearly six million subscribers. This positions the combined company to compete directly with YouTube TV, which currently leads the market with around ten million subscribers.
Although this deal reduces the number of independent streaming services, Disney and Fubo have reportedly received clearance from the Justice Department’s Antitrust Division to proceed.
A major benefit of the merger is the integration of Fubo’s sports content with Hulu’s entertainment library. The combined platform will offer over fifty-five thousand live sporting events annually, which is a substantial draw for sports fans. Fubo subscribers will also gain access to a large collection of popular shows and movies that were previously unavailable to them.
Customers will also have more flexible options. The companies plan to offer several plan choices, including smaller bundles and more comprehensive offerings, all at what they describe as competitive prices.
Despite the merger, users can still access both platforms separately. Fubo will maintain its dedicated application, and Hulu Live TV will remain a part of the Hulu platform within Disney’s bundle that includes Hulu, Disney+, and ESPN Unlimited.
Disney will hold an approximate seventy percent interest in the newly combined company, while existing Fubo shareholders will retain about thirty percent. As part of the transaction, the combined company will also have access to a one hundred forty-five million dollar term loan that Disney has agreed to provide in 2026.
This announcement follows other industry developments, including reports that Paramount CEO David Ellison is interested in acquiring Warner Bros. Those reports indicate a plan to discontinue HBO Max as a standalone service and merge its content and user base into Paramount+.