09:10 AM EST, 01/06/2025 (MT Newswires) -- Walt Disney ( DIS ) and FuboTV ( FUBO ) said Monday that Disney ( DIS ) agreed to combine its Hulu + Live TV business with Fubo.

Under the deal, Disney ( DIS ) will own about 70% of Fubo at closing, with Fubo's existing management team operating the newly combined businesses, the companies said.

The companies also said that in connection with the deal, Disney ( DIS ) will sign a new carriage deal that will allow Fubo to form a new sports and broadcast service, featuring Disney's ( DIS ) sports and broadcast networks.

Carriage deals with content providers for Hulu + Live TV and Fubo services will be negotiated by the combined company independently from Disney ( DIS ), the companies said.