Disney’s Hulu Live + TV and Fubo to combine [Video]

Disney and FuboTV on Monday announced a planned merging of Hulu Live + TV and Fubo.  

The two businesses will form a combined virtual multichannel video programming distributor (MVPD) company that “will operate under the Fubo publicly traded company name,” the companies said. 

Disney will have a 70% ownership stake in Fubo.

The combination “will facilitate an enhanced choice of programming packages and address a variety of consumer preferences at attractive price points,” according to Disney and Fubo.

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It will be run by Fubo CEO David Gandler and his management team. 

He described the planned merging of Fubo and Hulu Live + TV as a “win for consumers, our shareholders, and the entire streaming industry.”

Disney and Fubo said the latter will set up a “new Sports & Broadcast service” that will air ABC, ESPN, ESPN2, ESPNU, SECN, ACCN, ESPNEWS and ESPN+ via a carriage agreement between the two. 

The vMVPD company “will negotiate carriage agreements with content providers for …