Who are the winners and losers in Disney’s Fubo deal?

Just a week into 2025, the media industry got its first consequential transaction: The Walt Disney Company is buying 70 percent of Fubo, the video service that had sued to block the media giant’s plan to create Venu, a sports streaming joint venture with Fox and Warner Bros. Discovery.

The agreement, which was announced Monday, puts an end to that litigation. Instead, Fubo will merge with Disney’s Hulu + Live TV offering. But the arrangement has raised some big questions.

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