Disney To Merge Hulu + Live TV With Fubo, Settling Venu Lawsuit [Video]

Disney will combine its Hulu + Live TV business with Fubo and become majority owner of the resulting company in a deal that creates a major streaming player and settles all litigation between Fubo, Disney, Fox and Warner Bros. Discovery over the Venu Sports streaming joint venture, a case that was set for a hearing in New York today.

A preliminary injunction had halted Venu’s planned debut last fall but the service will now prepare to launch, confirmed several people familiar with the situation, although there’s no date set yet.

With the media landscape in continuous evolution, the combined business of former adversaries will operate under Fubo’s publicly traded company (stock symbol FUBO) as the nation’s sixth largest pay-TV operator and be led by the existing Fubo management team. Deep-pocketed Disney will channel resources to expanded Fubo starting with an immediate $220 million cash injection at close, and a $145 million term loan available in January of 2026.

Venu, announced with …