Fubo accelerated the expected timeline to end sales to Disney, and the deal is now expected to end in the fourth quarter of this year or the first three months of 2026.
It requires regulatory approval and review in the Department of Justice. In its preliminary agent filed with the SEC today, the company said FUBO shareholders must also approve the agreement at a shareholder meeting, which will be on a future date.
Previously, it was expected in the first half of 2026.
In January, Disney agreed to combine its HULU+ live TV with Fubo and become the majority owner of the merged company. The deal reached a legal dispute amid a legal quarrel that challenged a proposed sports streaming joint venture called Disney, Fox and Warner Bros. found in anti-competitive situations. The partners delayed the launch of Venu under a preliminary injunction and eventually canceled it and settled it with Fubo after the judge denied a motion to dismiss the case.
Disney and Fubai have announced their own deals to build an extended MVPD player with an additional 6.2 million subscribers.
Fubo and Hulu+ live TV will continue to be used by consumers as separate products after closing. Hulu+ Live TV will continue to stream in the Hulu app and is available as a bundle for Hulu, Disney+ and ESPN+. Fubo will continue to run in the FUBO application.
The agreement gives Fubo the right to launch new sports and broadcast services, including Disney Sports and broadcast networks including ABC and ESPN, as well as ESPN+, if the transaction is over.
The new Fubo will continue to be run by current management led by CEO David Gandler. The board of directors has not yet announced. Fubo will continue to trade on the New York Stock Exchange with the same stock symbol Fubo.
Disney will own 70% of the company. The media has control over Hulu's operations, but gained full ownership when it completed its acquisition of Comcast's minority shares in June.
Today's filing also includes updated, consolidated exam preparation finance for the March 2025 quarter, meaning numbers, just like Fubo and Hulu+ Live TV are a company.
It reported total revenue of $1.56 billion (Hulu+ Live, $416 million), operating expenses of $1.64 billion and turnover of $85 million.
PO Forma had net revenue of $134.8 million, showing Hulu+ Live TV lost $41 million and Fubo's profit was $188.5 million, part of a settlement with Disney, WBD and FOX, which was $220 million in earnings.