The launch of sports streamer Venu, "and potentially new packages from Fubo, appears to be an important strategic lever to cast a wider net and catch all potential subscribers," says one Disney analyst.

According to a press release, Fubo and Hulu with Live TV will continue to be offered separately, but new subscription packages will be available after the deal closes. Customers will continue to use the Fubo app to watch Fubo programming, and Hulu's live TV subscribers will retain access to the Disney bundle and stream content via the Hulu app.

Disney announced a deal with pay-TV provider Fubo to combine Hulu + Live TV with Fubo's operations in a joint venture, ending Fubo's Venu lawsuit.