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Disney's deal with FuboTV adds complexity to its TV strategy

share-iconWednesday, January 08 comment-icon2 weeks ago 7 views
News sources:
reutersREUTERS
Disney's deal with FuboTV adds complexity to its TV strategy

Credited from: REUTERS

  • Walt Disney is merging its **Hulu Live TV** with rival service **FuboTV**, gaining **70% ownership** of the new venture.
  • This deal aims to improve the **struggling** operational margins for Disney, with a target of **10% margin** by next year.
  • Despite projected **$120 million** in annual synergies, the merger could struggle amid a challenging market for TV services.
  • Disney is also launching a new **direct-to-consumer ESPN** service, leading to a confusing array of sports offerings.
  • The broader **TV landscape** remains challenging for Disney, with decreasing profits in traditional cable and network divisions.

For more details, visit the original article at Reuters.

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Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

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