Walt Disney Co.'s stock was upgraded to buy Tuesday by analyst firm Redburn Atlantic, which cited improved content performance and growth in streaming profit.
Hulu is critical to Disney's (DIS 0.38%) streaming strategy, but the Hulu Live cable business wasn't part of those long-term plans. Instead of shutting it down, Bob Iger traded Hulu Live for a 70% stake in Fubo (FUBO 10.87%), which will be the second-largest digital cable provider in the U.S. In this video, Travis Hoium explains why this is such a big deal.
Disney and FuboTV just kicked off the 2025 media and entertainment M&A sweepstakes with the announced merger of their competing virtual MVPD services Hulu + Live TV and Fubo. And in the biggest “by the way” in M&A history, the deal also settles Fubo's lawsuit against Venu, the new “sports Hulu” from Disney, Warner Bros.
Fubotv Inc FUBO can enjoy cost savings, eliminate litigation overhang and have better scale after signing a deal with Walt Disney Co DIS earlier this week.
Consolidation is coming as traditional media players bid to chip away at Netflix's streaming dominance.
The Walt Disney Company may have been experiencing a bit of FOMO when it came to streaming live sports, despite its stable of ESPN networks.
FuboTV Inc shares added another 10% before Tuesday's trading after news of a deal with Walt Disney Co (NYSE:DIS, ETR:WDP) sent the stock over 250% higher on Monday. Disney on Monday unveiled plans to merge its Hulu + Live TV wing with Fubo to create North America's second-largest online pay-TV company, behind YouTube TV.
Let the 2025 Hollywood Consolidation Derby begin! Fubo, the sports-minded upstart online replacement for traditional cable television, will merge operations with Disney-owned competitor Hulu+Live TV, and settled its lawsuit that had stalled the launch of Venu, a sports-focused “skinny bundle” from Disney, Fox and Warner Bros.
Disney will combine its Hulu+ Live TV service with Fubo, merging together two internet TV bundles, the companies announced Monday. Together the streaming services have 6.2 million subscribers.
Barton Crockett, senior research analyst at Rosenblatt Securities, MNTN CEO Mark Douglas, and CNBC's Julia Boorstin join to discuss how Disney's plan to combine its Hulu+ Live TV with streamer Fubo will benefit both companies, the digital ad landscape, and more.
Disney is boosting its advertising capabilities for live events, with third-party partnerships, a new certification program for live sports and entertainment as well as biddable deals for live sports. Google's Display & Video 360, The Trade Desk, and Yahoo DSP are the first demand-side platforms to be certified by Disney.
Every sports fan enjoys a good comeback story, and this week, it seems as if fuboTV (FUBO 183.68%) is the underdog, emerging as the unlikely winner. Shares of the sports-centric streaming TV platform soared on Monday after Disney (DIS 1.07%) confirmed reports that it is combining its Hulu-branded live-TV streaming service with fuboTV's comparable offering.