The surprise early January merger agreement between Hulu + Live TV’s business and Fubo has formally closed on Wednesday, the companies said. The deal gives heft to the player in the wonkily-titled virtual multichannel video programming distributor (vMVPD) space — with 6 million subscribers it can tout itself as a rival to YouTube TV, which is a leader with around 10 million subs. Both streamers will also stay as standalone offerings to consumers.
“Since Fubo’s founding a decade ago, our vision has always been to build a consumer-first streaming platform defined by innovation and value,” said David Gandler, co-founder and CEO of Fubo. “Together with Disney, we’re creating a more flexible streaming…
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