Disney’s Fubo Deal Is Another Brilliant Move by Iger
Hulu is critical to Disney’s (NYSE: DIS) 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 (NYSE: FUBO), 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.
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