FuboTV Inc. (FUBO) is experiencing a notable uptick today, driven by recent developments in its strategic partnerships and market positioning. The termination of the Venu Sports joint venture by Disney, Fox, and Warner Bros. Discovery has cleared the path for FuboTV to strengthen its market presence. This move follows a settlement where Fubo received a $220 million cash payment and a $145 million loan from Disney, which is expected to bolster its financial position. Additionally, the merger with Disney's Hulu+LiveTV service, where Fubo will hold a 30% stake, is anticipated to enhance its streaming offerings and expand its subscriber base.
On Reddit, discussions reflect a mix of optimism and strategic analysis. One user noted, "If FUBO can do live sports betting, they are going to make more money off that than the subscriptions." Another user highlighted the potential for growth, stating, "It will be above $10 long term. Possibly $15+ or $20+. Don't worry about the company going bust." These sentiments suggest that retail investors are hopeful about FuboTV's long-term prospects, particularly with the backing of Disney and the potential for new sports betting integrations.
FuboTV's stock is currently trading at $4.10, up 7.58% from the previous close of $3.81, as of 10:00 AM on January 15. Despite being just 30 minutes into the trading day, the stock has already seen a volume of 11,002,926 shares, representing 31.89% of the average daily volume of 34,500,086 shares, indicating active trading this morning.