FuboTV Stock Soars 250%. How Disney Deal Will Shake Up Sports Streaming

Dow Jones01-07

FuboTV stock was skyrocketing on Monday after the company and Walt Disney agreed to merge their live TV offerings in a deal that could shake up the sports streaming landscape.

Disney is combining its Hulu + Live TV business with Fubo to form a new streaming platform, the two companies said in a joint press release Monday. Disney will own 70% of the new venture, which will operate under the Fubo name and be run by Fubo CEO David Gandler.

Fubo also is dropping its litigation against Venu Sports -- a rival streaming service planned by Fox, Warner Bros. Discovery, and Disney's ESPN -- in exchange for a $220 million cash payment. Fox and News Corp, the parent company of Barron's publisher Dow Jones, share common ownership.

Fubo stock closed up 251% to $5.06 on Monday. It closed at $1.44 on Friday and is up 73% over the past year. Disney fell 0.1%, Fox rose 0.75%, and Warner Bros. Discovery added 2.5%.

The deal will create a new sports streaming platform with more than 6.2 million subscribers, who will be able to watch live events already carried by Fubo as well as Disney-owned channels like ABC and ESPN.

But it also clears the runway for Venu Sports. In August, a judge granted Fubo a preliminary injunction, saying that the new service would "substantially lessen competition and restrain trade."

Fubo's dropping of its case against Venu could significantly impact the entertainment sector, Brian Weiser, an analyst who runs the newsletter Madison & Wall, said Monday. The new sports streaming service could drive up cord-cutting rates and reduce the amount of live TV available on traditional distribution platforms, he wrote.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

8

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2501132293?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-07 07:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2501132293","market":"other","top_or_hot":-1,"title":"FuboTV Stock Soars 250%. How Disney Deal Will Shake Up Sports Streaming","media":"Dow Jones","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/FUBO\">FuboTV</a> stock was skyrocketing on Monday after the company and Walt Disney agreed to merge their live TV offerings in a deal that could shake up the sports streaming landscape.</p><p>Disney is combining its Hulu + Live TV business with Fubo to form a new streaming platform, the two companies said in a joint press release Monday. Disney will own 70% of the new venture, which will operate under the Fubo name and be run by Fubo CEO David Gandler.</p><p>Fubo also is dropping its litigation against Venu Sports -- a rival streaming service planned by Fox, <a href=\"https://laohu8.com/S/WBD\">Warner Bros. Discovery</a>, and Disney&#39;s ESPN -- in exchange for a $220 million cash payment. Fox and News Corp, the parent company of Barron&#39;s publisher Dow Jones, share common ownership.</p><p>Fubo stock closed up 251% to $5.06 on Monday. It closed at $1.44 on Friday and is up 73% over the past year. Disney fell 0.1%, Fox rose 0.75%, and Warner Bros. Discovery added 2.5%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7983c79c8941aa75c3eec86ae7c76546\" tg-width=\"768\" tg-height=\"625\"/></p><p>The deal will create a new sports streaming platform with more than 6.2 million subscribers, who will be able to watch live events already carried by Fubo as well as Disney-owned channels like ABC and ESPN.</p><p>But it also clears the runway for Venu Sports. In August, a judge granted Fubo a preliminary injunction, saying that the new service would &#34;substantially lessen competition and restrain trade.&#34;</p><p>Fubo&#39;s dropping of its case against Venu could significantly impact the entertainment sector, Brian Weiser, an analyst who runs the newsletter Madison &amp; Wall, said Monday. The new sports streaming service could drive up cord-cutting rates and reduce the amount of live TV available on traditional distribution platforms, he wrote.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FuboTV Stock Soars 250%. How Disney Deal Will Shake Up Sports Streaming</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFuboTV Stock Soars 250%. How Disney Deal Will Shake Up Sports Streaming\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-07 07:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FuboTV stock was skyrocketing on Monday after the company and Walt Disney agreed to merge their live TV offerings in a deal that could shake up the sports streaming landscape.Disney is combining its ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0011850046.USD","symbol_name":"贝莱德全球长线股票 A2 USD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501132293","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501132293","pubTimestamp":1736204558,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"FuboTV stock was skyrocketing on Monday after the company and Walt Disney agreed to merge their live TV offerings in a deal that could shake up the sports streaming landscape.Disney is combining its H","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","BK4598":"佩洛西持仓","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","BK4554":"元宇宙及AR概念","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4532":"文艺复兴科技持仓","WBD":"Warner Bros. Discovery","DIS":"迪士尼","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","FOXA":"福克斯-A","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","BK4585":"ETF&股票定投概念","BK4108":"电影和娱乐","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","FOX":"福克斯-B","BK4524":"宅经济概念","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","BK4077":"互动媒体与服务","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4551":"寇图资本持仓","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","BK4561":"索罗斯持仓","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4581":"高盛持仓","BK4125":"广播","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD"},"translate_title":"FuboTV股价飙升250%。迪士尼交易将如何撼动体育流媒体","themeId":"348d5c148f7f57348834d20e010b4e3c","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DIS":1,"WBD":0.9,"FOXA":0.9,"FOX":0.9},"content_text":"FuboTV stock was skyrocketing on Monday after the company and Walt Disney agreed to merge their live TV offerings in a deal that could shake up the sports streaming landscape.Disney is combining its Hulu + Live TV business with Fubo to form a new streaming platform, the two companies said in a joint press release Monday. Disney will own 70% of the new venture, which will operate under the Fubo name and be run by Fubo CEO David Gandler.Fubo also is dropping its litigation against Venu Sports -- a rival streaming service planned by Fox, Warner Bros. Discovery, and Disney's ESPN -- in exchange for a $220 million cash payment. Fox and News Corp, the parent company of Barron's publisher Dow Jones, share common ownership.Fubo stock closed up 251% to $5.06 on Monday. It closed at $1.44 on Friday and is up 73% over the past year. Disney fell 0.1%, Fox rose 0.75%, and Warner Bros. Discovery added 2.5%.The deal will create a new sports streaming platform with more than 6.2 million subscribers, who will be able to watch live events already carried by Fubo as well as Disney-owned channels like ABC and ESPN.But it also clears the runway for Venu Sports. In August, a judge granted Fubo a preliminary injunction, saying that the new service would \"substantially lessen competition and restrain trade.\"Fubo's dropping of its case against Venu could significantly impact the entertainment sector, Brian Weiser, an analyst who runs the newsletter Madison & Wall, said Monday. The new sports streaming service could drive up cord-cutting rates and reduce the amount of live TV available on traditional distribution platforms, he wrote.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":8,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2501132293"}