infamous
2 weeks ago
Disney's overall streaming business is now profitable, but that's not likely the case for its fledgling live TV platform. There will be synergies for the two services coming together, with a current combined audience of 6.3 million premium accounts. It may be harder to see the combined company tripling in market cap value to almost $11 billion, but growth could be stronger for the two players as the country's second-largest live TV platform behind Alphabet's YouTube TV.
Fubo on its own would be more speculative, but with a better chance to triple from here. Disney and Fubo together would be safer for investors, and a much stronger possibility to double than if it were just Fubo striking flying solo. Either way, the future is brighter now for Fubo.
barnyarddog
2 weeks ago
Seaport Research Partnersโ Post 19hrs ago
Seaportโs David Joyce is hosting a meeting in New York with the CFO of fuboTV Network (FUBO) on Wednesday, March 26th. Analyst-led Interactive Small Group available
Interested? Say hello! corporateaccess@seaportrp.com
https://www.linkedin.com/posts/seaport-research-partners_seaportresearchpartners-growth-cfo-activity-7310303024759902208-CvP9
SRP operates as a division of Seaport Global Securities, bringing established global client relationships, access to over 4,000 opened institutional accounts, 210 senior salespeople & traders across the cap structure, asset management, global equity and debt capital markets, a full suite of corporate access services including multi-sector and niche conferences, fixed income & derivatives research and investment banking.
https://seaportrp.com/
barnyarddog
4 weeks ago
AI Overview
In a significant media industry deal, Disney is combining its Hulu + Live TV service with Fubo, acquiring a 70% stake in the combined company, which will operate under the Fubo brand, and Fubo's lawsuit against a planned Disney/Fox/Warner Bros. Discovery streaming service has been resolved.
Here's a more detailed breakdown of the Disney-Fubo deal:
The Deal:
The Walt Disney Company and Fubo have agreed to merge their live TV streaming businesses, with Disney taking a 70% ownership stake in the combined company.
Background:
Fubo initially sued Disney, Fox, and Warner Bros. Discovery to block their proposed joint sports streaming service, Venu Sports, citing antitrust concerns.
Resolution:
As part of the merger agreement, Fubo's lawsuit against the media giants was resolved and the joint venture "Venu Sports" was scrapped.
Financial Details:
Disney, Fox, and Warner Bros. Discovery agreed to a cash payment of $220 million to Fubo and Disney committed to a $145 million term loan to Fubo in 2026.
Structure:
Fubo will continue to operate as a publicly traded company under the Fubo name, with Disney appointing the majority of board members.
Combined Subscriber Base:
The combined company will have a substantial subscriber base, with 6.2 million subscribers, making it the second-largest live TV streaming service in the US, behind YouTube TV.
Future Offerings:
The deal aims to enhance consumer choice through flexible programming offerings, with Fubo and Hulu + Live TV continuing to be available as separate offerings.
Litigation:
Fubo settled all litigation with Disney and ESPN related to Venu Sports, and with FOX and Warner Bros. Discovery.
Management:
Fubo's management team, led by CEO and co-founder David Gandler, will continue to operate the business.
Generative AI is experimental.
https://www.google.com/search?q=disney+fubo&client=firefox-b-1-d&sca_esv=e1158a711e1314a4&ei=fWbRZ6foHdmLwbkPrNSB0AU&ved=0ahUKEwjnmoGRr4SMAxXZRTABHSxqAFoQ4dUDCBA&oq=disney+fubo&gs_lp=Egxnd3Mtd2l6LXNlcnAiC2Rpc25leSBmdWJvSABQAFgAcAB4AZABAJgBAKABAKoBALgBDMgBAJgCAKACAJgDAJIHAKAHAA&sclient=gws-wiz-serp
barnyarddog
4 weeks ago
Disney and FuboTV are merging their services to create a new virtual multichannel video programming distributor (MVPD). Disney will own 70% of the combined company, which will operate under Fubo's publicly traded company name (NYSE: FUBO).
How the merger came about
Disney and Fubo were previously on opposite sides of a lawsuit. Fubo sued to block the launch of Venu Sports, a joint streaming venture between Disney, Fox, and Warner Bros. Discovery.
Disney dropped its plans for Venu Sports after reaching an agreement with Fubo. As part of the agreement, Fubo dropped its lawsuit against Disney, Fox, and Warner Bros. Discovery.
What the merger means
The combined company will offer more flexible programming options.
Fubo will create a new Sports & Broadcasting service, featuring Disney's sports and broadcast networks.
Fubo will continue to operate as a publicly traded company.
Antitrust concerns
Senator Elizabeth Warren has urged the Justice Department to carefully scrutinize the deal, saying it presents antitrust concerns.
Generative AI is experimental.
https://www.google.com/search?q=disney+fubo&client=firefox-b-1-d&sca_esv=c96fd65cc805f08a&ei=CQ3PZ-mzH4DXptQP4fuY4As&ved=0ahUKEwip3LnF8f-LAxWAq4kEHeE9BrwQ4dUDCBA&oq=disney+fubo&gs_lp=Egxnd3Mtd2l6LXNlcnAiC2Rpc25leSBmdWJvSABQAFgAcAB4AZABAJgBAKABAKoBALgBDMgBAJgCAKACAJgDAJIHAKAHAA&sclient=gws-wiz-serp
barnyarddog
4 weeks ago
โWe are also thrilled with the agreement signed earlier this year with The Walt Disney Company to combine Hulu + Live TV with Fubo,โ Gandler and Bronfman Jr remarked.
โWe believe this is a game-changing opportunity to establish a leading streaming company that prioritises consumer choice, flexible packages, and a cutting-edge experience. We will continue to provide periodic updates as the transaction progresses.โ
In addition to the Hulu endeavour, Fubo also plans to create a new sports and broadcasting service which its leadership stress will be โtailored to sports fansโ. The firm plans to launch this in the second half of 2025 to coincide with the winter sports schedule.
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March 4, 2025
https://insidersport.com/2025/03/04/fubo-tv-hulu-merger-2024-revenue/
barnyarddog
1 month ago
On January 6, 2025, the Walt Disney Company announced its intent to acquire a 70% stake in Fubo, who will merge with Hulu's live TV service. The combined company will remain public, but will be controlled by Disney shareholders and will be a sister service to Disney+, ESPN+, and the aforementioned Hulu. The merger will take 12 to 18 months according to Disney and Fubo. It is unknown if Disney will acquire Paramount's undisclosed stake.
https://en.wikipedia.org/wiki/FuboTV
barnyarddog
1 month ago
Disney's Power Move: Is This the Biggest Streaming Shake-Up Yet?
....But with Disney expanding its streaming empire, regulatory scrutiny is bound to intensify. For investors, the key question isn't just whether this deal goes through, but whether Disney's aggressive consolidation strategy will hold up under mounting legal and political pressure.
Khac Phu Nguyen
Thu, February 20, 2025
https://finance.yahoo.com/news/disneys-power-move-biggest-streaming-165726756.html
Ha, Ha, Ha.
---- To the stratosphere with FUBO.
Show me the tech.
barnyarddog
2 months ago
Venu Sports, a sports streaming service that was supposed to launch from Fox, Warner Bros. Discovery, and Disney's ESPN (DIS).
The three companies first announced the joint venture last year, with an expected price point of $42.99 a month. The service was set to bring together their respective slates of sports rights as media companies attempt to scale their streaming services and achieve profitability.
Ultimately, though, the service was abandoned due to increased regulatory and antitrust concerns.
"Our only disappointment in sports is that we will not be moving forward with [Venu]," Murdoch said on the call. "While the Venu team has done a tremendous amount of truly genius work preparing the digital platform for launch, in the end, the legal distractions around the business became increasingly difficult to bear."
February 4, 2025
https://finance.yahoo.com/news/fox-plans-to-roll-out-its-own-streaming-service-by-end-of-year-162618859.html
barnyarddog
2 months ago
Disney will enter into a new carriage agreement with Fubo that will allow Fubo to create a new Sports & Broadcast service, featuring Disneyโs premier sports and broadcast networks including ABC, ESPN, ESPN2, ESPNU, SECN, ACCN, ESPNEWS, as well as ESPN+.
barnyarddog
2 months ago
https://www.fubo.tv/stream/tv/
Fubo is the worldโs only sports-focused live TV streaming service with top leagues and teams, plus popular shows, movies and news for the entire household. Watch 200+ live TV channels, thousands of on-demand titles and more on your TV, phone, tablet, computer and other devices.