The settlement outlines how Hulu + Live TV and Fubo can create a new multichannel video programming distributor that Disney would own 70 percent of. But the lawsuit’s dismissal also lifted the injunction to halt Venu’s launch which US District Judge Margaret M.

Disney will own 70 percent of the combined vMVPD company (still called Fubo); the transaction is subject to regulatory and shareholder approval. Should the deal fall through during those stages, Fubo will be on the receiving end of a $130 million termination fee.

Disney will own a 70% stake in the resulting company, and Fubo will retain a 30% share. Fubo's management will run the new company, while Disney will appoint the majority of the board of directors. Both brands will continue to operate as they are today.

DirecTV and Dish Network have signaled their willingness to continue challenging the launch of Venu Sports following Disney's decision to buy out Fubo. This article, DirecTV, Dish present unified front against Fubo-Disney pay TV deal,