Streaming businesses, for the most part, aren't yet profitable. While has found out a way to make its business work, others are still struggling. One way for them to potentially overcome those obstacles is by joining forces.

A recent deal that could transform the streaming wars is a huge joint venture involving Fox, Warner Bros. Discovery, and ESPN, which Walt Disney owns. The companies plan to launch a sports-focused streaming platform which could be available later this year.

While this could help improve those companies' growth prospects, it could also undermine the potential for another streaming business: fuboTV (NYSE: FUBO). Shares of fuboTV have been under immense pressure as the stock has collapsed 94% in just three years.

Continue reading

Source Fool.com