Fubo combines with Disney's Hulu + Live TV
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 6 January 2025
⏱️ 5 minutes
🧾️ Download transcript
Summary
Show Notes
Palantir initiated with Underweight rating at Morgan Stanley
Uber unveils $1.5 billion accelerated share repurchase program
Episode transcripts: seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. |
| 0:10.7 | Good afternoon. Today is Monday, January 6th, and I'm your host, Kim Khan. Our top story so far, |
| 0:16.6 | Fubo TV and Disney will merge Disney's Hulu Plus Live TV business with Fubu, creating a new venture that will cater to more than 6.2 million customers in North America. |
| 0:26.6 | Fubo's shares are rallying more than 150%. |
| 0:29.2 | Fubu's existing management team, led by CEO Dave Gambler, will operate the new business in which Disney will hold the 70% stake. |
| 0:37.7 | As part of the deal, Fubo agreed to settle all litigation with Disney and ESPN related to venue sports |
| 0:43.5 | and also settle all litigation with Fox and Warner Brothers Discovery. |
| 0:47.5 | Disney, Fox, and Warner Brothers will pay Fubo $220 million to settle their existing lawsuits. |
| 0:53.5 | Disney has also committed to providing a $145 million |
| 0:56.7 | term loan to Fubo in 2026. The deal will include a new carriage agreement in which Fubo will create |
| 1:03.3 | a new sports and broadcast service that will feature Disney's networks, including ABC, ESPN, ESPN2, ESPNU, SECN, ESPN, and ESPN News as well as ESPN Plus. |
| 1:16.8 | In today's training, it looks like the January effect is kicking in after a dud of a Santa |
| 1:21.0 | rally. The major averages are all higher, with growth doing the best. The now-snack is up |
| 1:26.0 | around 1.5% leading the S&MP, which is up more than 1%. |
| 1:29.6 | Scott Rubner, tactical specialists of Goldman Sachs, says private wealth managers are back from the |
| 1:35.1 | holidays and asking, what should we buy? It's not FOMO, but more FOMU, fear of materially |
| 1:40.1 | underperforming benchmarks out of the 2025 gates. Rubner is short-term bullish as the markets move above key threshold levels, |
| 1:47.2 | but says he will go bearish in February and look to reestablish hedges given any reset and |
| 1:51.7 | volatility. Among active stocks today, the floodgates are open for cell-side research calls. |
| 1:56.9 | Here are the highlights. |
| 1:58.3 | Stiefel said Nvidia remains its best idea for AI accelerated computing, saying the company |
| 2:03.3 | will likely maintain its strong leadership position in the AI infrastructure market as its Blackwell |
... |
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