According to Deadline, Fubo has accelerated the anticipated timeline for its sale to Disney. The sports streamer expects the deal to close in either the first three months of 2026 or the fourth quarter of 2025.
Fubo is a live sports-focused streamer, with NFL, NBA, MLB, MLS, CPL, Premier League, and NHL games available to watch on the service, depending on the country. It began offering cable news, reality television, and movies. There are over 100 channels on the service, and it reports having 2.083 million subscribers, 1.676 million of which reside in North America.
Disney decided to combine Fubo with Hulu + Live TV in January, becoming the majority owner of the newly merged company. This agreement emerged during a legal battle in which Fubo called Disney, Fox, and Warner Bros. Discovery’s proposed joint sports streaming service Venu anti-competitive, per mxdwn. When the trio’s attempt to dismiss the case was denied, they decided to ditch the service and settle with Fubo, as mxdwn reports.
As part of the proposed deal, Hulu + Live TV and Fubo will operate as different services, with Fubo still operating as it’s own app. Disney will own 70% of the company. According to Deadline, the CEO of Fubo, David Gandler, will continue to manage the company, though a board of directors has not been appointed yet.
The agreement gives Fubo the opportunity to add a new sports and broadcast service featuring ESPN, ABC, and ESPN+, even if the deal does not close, per Deadline.
Deadline reports that the companies filed today as if they were one company, reporting jointly on their pro forma financials for March 2025.
The company reported operating expenses of $1.64 billion and total revenue of $1.56 billion, leaving them with an operating loss of $85 million, Deadline reports. Fubo was operating at a profit of $188.5 million, bolstered by $220 million from its settlement with Warner Bros. Discovery.