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Stock Track | fuboTV Soars 5.13% as Investors Cheer Hulu+Live TV Merger Deal

Stock Track01-09

Shares of fuboTV Inc. (FUBO) soared 5.13% on Wednesday's trading session, as investors reacted positively to the company's announced deal to combine with Walt Disney's Hulu + Live TV streaming service.

The deal, announced on Monday, will see the two live TV streaming services merge to create a combined offering with over 6 million North American subscribers. This makes the new entity the second-largest live TV streaming player behind only YouTube TV.

Analysts view the consolidation as a positive for fuboTV, providing increased scale and offering opportunities for new bundles and pricing strategies. fuboTV CEO David Gandler suggested the company could launch a "skinnier" lower-cost bundle with fewer networks to attract more cost-conscious consumers impacted by ongoing streaming price inflation.

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  • Reglloyd
    ·01-10
    Winner & Winning for sure , the 2nd largest streaming platform of 6 Million subscribers just behind YouTube with their 10 million subscribers. Could FuboTV surpass YouTube from a subscription point of view ?  Any idea of the market cap for FunoTV in 5-10 years from now ? When the market corrects see this as your opportunity to have a piece of the pie . Disclaimer/ For educational purposes only.
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    • Reglloyd
      YouTube TV has 10 million customers. Hulu & FuboTV combined just over 6 million. With Technology changes & the way certain bundles could be leveraged to attract new subscription customers anything is possible.
      01-10
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    • SiliconTracker
      There's nothing that can really catch up to YouTube.
      01-10
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  • lucasL
    ·01-09
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