Jan. 6 (UPI) -- Disney announced Monday it will bundle its Hulu+ Live TV with Fubo streaming services.
The surprise deal, first reported by Bloomberg, would put Hulu+ Live TV second behind YouTube TV's approximately 8 million subscribers and may also settle Fubo's ongoing lawsuit with the sports streaming service Venu, Bloomberg .
It's expected that Disney will be a 70% majority owner of Fubo with company shareholders owning the remaining 30%.
With a combined 6.2 million subscribers, the two services will still be separately available under its own brand if the deal is finalized which could take as long as a year and a half.
Disney, Fox and Warner Bros. Discovery are to make a $220 million cash payment to Fubo with Disney obligated to commit a $145 million term loan to Fubu in 2026 by the time a new Disney CEO is revealed. But Fubo will get a $130 million termination fee if the deal otherwise fails.