As part of the deal, Fubo will drop its antitrust lawsuit against Venu. Fubo CEO and co-founder David Gandler will continue to lead the company, which will now offer the existing Fubo TV service as well as Hulu and Live TV services.

New York-based FuboTV was founded in January 2015 by Gandler, Alberto Horihuela and Sung Ho Choi. The platform operates in the US, Canada and Spain and connects more than 300 live sports, news and entertainment networks.

The biggest winners from the new deal are, of course, Disney and Fubo. With the completion of this deal, it is finally clear what Disney's plans are for Hulu. Disney's main move in sports is to launch a standalone SVOD in the autumn, informally called ESPN Flagship.
Fubo, on the other hand, will receive a huge financial boost thanks to a $145 million loan from Disney and a court settlement that will see Disney, along with WBD and Fox, pay Fubo $220 million in damages. Investors in Fubo TV are very optimistic about the development of not only existing services but also new development projects. Following the announcement of the deal, Fubo's shares jumped 251 per cent on Monday. Fubo currently has a market value of $1.7 billion.

The combined services will bring together the 1.6 million customers of Fubo TV and the 4.6 million customers of Hulu and Live TV. This will create the second largest live TV streaming service after YouTube (which currently has over 8 million users).
The deal also includes plans to launch a sports and broadcast service with a division of Disney's top sports and broadcast networks, reportedly including ESPN+.
Currently, Fubo offers its users the MLB Network, NBA TV, NFL Network, NFL RedZone, NHL Network and beIN Sports packages, while Disney's leading sports and broadcast networks include: ABC, ESPN, ESPN2, ESPNU, SECN and ESPNEWS, as well as the recently acquired rights to broadcast NBA games through the 2035/2036 season.

The agreement between Disney and Fubo also confirms plans by Edgar Bronfman Jr., Fubo's executive chairman, to block the launch of Venu projects. Bronfman Jr. is also reportedly one of the company's largest individual shareholders.

Analysts and commentators have questioned whether the new deal will finally end Venu's antitrust problems. According to media reports, spokespeople for the streaming service are beginning to urge the newly elected US president's administration to take a closer look at Venu's plans and increase oversight of the company and its 'practices'.

The newly agreed deal between Disney and Fubo will certainly provide customers of both companies with a larger, more flexible offering and a wider choice of services. In addition to more satisfied consumers, it will also generate more revenue for both companies. The question is how this collaboration will affect our entire streaming industry?

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