FuboTV Inc. (NYSE: FUBO) and The Walt Disney Company (NYSE: DIS) announced they have completed the merger of Fubo's business with Disney's Hulu + Live TV service, according to a company statement.

The combined entity creates what the companies describe as the sixth largest pay TV company in the United States with nearly 6 million subscribers in North America. Disney holds approximately 70% interest in the newly combined company, while existing Fubo shareholders retain approximately 30%.

Both Fubo and Hulu + Live TV will continue operating as separate services for consumers. Hulu + Live TV will remain available through the Hulu app as part of entertainment bundles with Hulu, Disney+ and ESPN Unlimited, while Fubo will continue serving viewers through its own app.

David Gandler, Fubo's co-founder and CEO, will lead the combined company's operations along with Fubo's existing management team. Andy Bird has been appointed as Chairman of the Board of Directors.

The combined business expects to achieve synergies through content cost savings, advertising optimization and sales and marketing opportunities. Disney has committed to provide Fubo with access to a $145 million term loan in 2026 as part of the transaction.

Fubo's advertising sales group will transition to Disney's advertising sales organization. The company changed its fiscal year to end on September 30, with the first full year following the closing to end on September 30, 2026.

All outstanding Fubo common shares were converted to Class A Common Stock on a 1:1 basis and continue trading on the New York Stock Exchange under the ticker symbol FUBO.