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Sports-Focused Streaming Service fuboTV Is Taking Market Share

TheMotleyFool

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Sports-Focused Streaming Service fuboTV Is Taking Market Share

On a year-over-year basis, Walt Disney's (NYSE: DIS) streaming business is thriving. For the company's fiscal second quarter, Disney+ subscribers reached 103.6 million, up from just 33.5 million in the year-ago quarter. ESPN+ subscribers jumped 75% year over year and total Hulu subscribers rose 30%.

But a closer look at Disney's streaming business shows one area where it may be losing market share quickly: Hulu Live, its live TV streaming service. The fast-growing sports-focused streaming service fuboTV (NYSE: FUBO) may be to blame. Indeed, fuboTV seems to be taking market share from all of its major competitors.

Image source: fuboTV.

Source Fool.com

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