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Disney is trading Hulu Live for a 70% stake in Fubo.
Hulu is critical to Disney's (DIS -2.19%) streaming strategy, but the Hulu Live cable business wasn't part of those long-term plans. Instead of shutting it down, Bob Iger traded Hulu Live for a 70% stake in Fubo (FUBO 2.75%), which will be the second-largest digital cable provider in the U.S. In this video, Travis Hoium explains why this is such a big deal.
*Stock prices used were end-of-day prices of Jan. 7, 2025. The video was published on Jan. 7, 2025.
Travis Hoium has positions in Walt Disney. The Motley Fool has positions in and recommends Walt Disney, Warner Bros. Discovery, and fuboTV. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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