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 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.

Disney will merge its Hulu + Live TV virtual MVPD with competitor Fubo, expanding its sports-focused distribution while settling a suit over skinny bundle Venu.