Hulu/Disney file Form 3 showing 10%+ as-converted stake in Fubo
Rhea-AI Filing Summary
FuboTV (FUBO): Initial ownership reported by Hulu/Disney
Hulu, LLC and affiliates of The Walt Disney Company filed a Form 3 reporting indirect beneficial ownership of 947,910,220 shares of FuboTV Class B common stock. The filers are listed as Director and 10% Owner. Each share of Class B, together with one Newco Unit of Fubo Operations LLC, may be exchanged for one share of Class A common stock or, at Fubo’s option, redeemed for cash, under the Amended and Restated LLC Agreement dated October 29, 2025.
The filing notes the reporting persons beneficially own more than 10% of Fubo’s Class A on an as‑converted basis and that Hulu has rights to designate directors pursuant to Fubo’s Certificate of Incorporation approved on September 30, 2025, following the Business Combination Agreement dated January 6, 2025.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Newco Unit | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Each share of Class B common stock, par value $0.0001 per share (the "Class B Common Stock") of FuboTV Inc., a Delaware corporation ("Fubo"), together with one membership unit of Fubo Operations LLC, a Delaware limited liability company ("Newco", and such unit, a "Newco Unit"), may be (i) exchanged for a share of Class A common stock, par value $0.0001 per share (the "Class A Common Stock") or (ii), at Fubo's option, redeemed for cash, subject to Fubo's right to effect, in lieu of such a redemption, a direct exchange between Fubo and Hulu, LLC ("Hulu") of cash or a share of Class A Common Stock for such Newco Unit and share of Class B Common Stock, in each case, pursuant to the Amended and Restated Limited Liability Company Agreement of Newco, dated as of October 29, 2025, by and among Newco, Hulu, Fubo and each other Member (as defined therein). As of the date hereof, the Reporting Persons beneficially own more than 10% of the Class A Common Stock of Fubo on an as converted basis.
- F2. Hulu is the direct holder of the shares of Class B Common Stock reflected in this Form 3. Hulu is a subsidiary of TFCF-Hulu Holdings, Inc., which is a wholly owned subsidiary of Hulu Holdings, Inc., which is a subsidiary of TFCF Entertainment Group, LLC, which is a wholly owned subsidiary of TFCF Entertainment Group Holdings, LLC, which is a wholly owned subsidiary of TFCF America, Inc., which is a wholly owned subsidiary of TFCF Corporation, which is a wholly owned subsidiary of Disney Enterprises, Inc., which is a wholly owned subsidiary of TWDC Enterprises 18 Corp., which is a wholly owned subsidiary of The Walt Disney Company.
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