Why FuboTV Stock Is Falling Today
Portfolio Pulse from Ryan Gustafson
FuboTV Inc. (NYSE:FUBO) shares fell over 18% following a report suggesting Disney and Charter are nearing a carriage deal. The dispute between Disney and Charter over carriage fees had resulted in Charter disconnecting Disney’s channels for its 15 million customers. The companies have reportedly reached a deal which would end the cable blackout.
September 11, 2023 | 7:58 pm
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FuboTV's stock price fell significantly due to the nearing carriage deal between Disney and Charter, which could potentially end the cable blackout.
The nearing deal between Disney and Charter could potentially end the cable blackout, which had previously benefited FuboTV. As a result, investors are likely selling off FuboTV shares, leading to a drop in its stock price.
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