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Stock impact report

Why Disney was willing to pay up for Fubo in its quest to launch a new sports streamer [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
Disney is set to merge Hulu + Live TV with Fubo, creating a major digital TV service. Remember Venu the sports streaming service co-owned by Disney, Fox, and Warner Bros. Discovery Unless you spend a lot of time focused on the sports media business, you probably don't. That's because the service never launched: It was supposed to go live in the fall but got derailed by an antitrust suit filed by Fubo, a small streaming service. Now it's again set to launch — after Disney and its partners essentially paid Fubo to drop the suit. Hearings in the case were supposed to start Monday. Part of the payment will be cash, but there's a more eye-popping, and confusing, part of the deal: Disney plans to combine its Hulu + Live TV streaming service — its cablelike package of TV channels — with Fubo's similar service into a new company, which doesn't have a name yet. NYSE Nasdaq Real Time Price • USD fuboTV Inc. (FUBO) Follow View Quote Details At close: January 6 at 4:00:02 P Show less Read more
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