The launch of sports streamer Venu, "and potentially new packages from Fubo, appears to be an important strategic lever to cast a wider net and catch all potential subscribers," says one Disney analyst.

The post Disney announces surprise merger between Hulu + Live TV and Fubo appeared first on Android Headlines.

Today, Walt Disney Co. announced that it would be merging its Hulu + Live TV service with Fubo, another of the best cable alternatives out there. While billed as a merger, it seems that Disney has decided to acquire one of its competitors, as the new company formed by this merger will be 70% owned by the House of Mouse.

Disney will merge its Hulu + Live TV virtual MVPD with competitor Fubo, expanding its sports-focused distribution while settling a suit over skinny bundle Venu.

Fubo will also handle deals with channels independently, giving them more flexibility to offer sports and entertainment options. The company will be traded publicly under the name

In a surprising deal announced on Monday, Disney is set to combine its Hulu Live TV business with Fubo, the live TV streaming service known for its extensive sports coverage. Under the terms of the deal, Disney will own about 70% of Fubo, which will continue to be available to viewers as a separate offering.

Disney and FuboTV are nearing a deal to combine their online live TV businesses, a deal that is expected to see Fubo drop its legal claims against Disney, Fox and WBD over Venu Sports.

Hulu+ Live TV and Fubo will merge their internet TV businesses, Disney announced Monday. Disney, which owns Hulu, will be the majority owner of the new Fubo.

Disney and Fubo have reached an agreement to merge, the companies announced Monday, signaling a victory for the entertainment giant in the world of sports streaming. Fubo, a platform that offers a sports-first package of live TV streaming channels that it advertises as cheaper than traditional cable bundles,

The deal comes after Fubo sued Disney over a new streaming venture. The post Disney has struck deal to merge Fubo TV with Hulu + Live TV appeared first on The Manual.