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Disney has closed a merger to create the sixth-largest pay TV company in the U.S. Disney-owned Hulu+ Live TV has completed its merger with U. Together, the services have some 6 million subscribers in the U.S., according to a release from the company. READ MORE: Disney+, Hulu raising prices: Here’s how much more you’ll pay “Since Fubo’s founding a decade ago, our vision has always been to build a consumer-first streaming platform defined by innovation and value,” David Gandler, co-founder and CEO of Fubo said. “Together with Disney, we’re creating a more flexible streaming ecosystem that gives consumers greater choice, while driving profitability and sustainable growth.” Among virtual TV providers, the new company will be the second largest, only behind Google’s YouTube TV with about 10 million subscribers, Variety reported. Fubo and Hulu+ Live TV will continue to be available as separate services, Disney said. Hulu+ Live TV will continue to be streamed in the Hulu app and as a bundle with Hulu, Disney+ and ESPN Unlimited. The Fubo app will also remain active. READ MORE: Hulu is officially shutting down after 20 years: Here’s why The deal gives Disney 70% interest in the new company. It will offer customers access to more than 55,000 live sporting events and entertainment programming.
