Walt Disney and Fubo reach deal to combine online live TV businesses
CBSN
Walt Disney is joining its Hulu+ Live TV service with streaming provider Fubo, the companies announced Monday.
The new venture, which will be operated under the publicly traded Fubo company name, will be 70% owned by Disney and the remainder by Fubo shareholders, according to a joint statement.
Hulu+ Live TV and Fubo together have 6.2 million subscribers.
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