New York CNN —
Disney’s Hulu + Live TV service and Fubo will merge, creating one of the country’s largest pay TV providers, the companies announced Monday in a surprise deal that will potentially allow the Venu Sports streaming service to move forward.
Under the terms of the agreement, Disney will own 70% of Fubo while the TV streaming service’s current management team will operate the newly combined entities, led by Fubo co-founder and chief executive David Gandler. The combined streaming cable service will have 6.2 million subscribers, making it the second largest streaming pay TV provider,
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