Why FuboTV Stock Is Falling Today

FuboTV Inc. FUBO shares are trading lower Monday following a report suggesting Disney and Charter are nearing a carriage deal.

What To Know: The recent dispute between the two companies over carriage fees resulted in Charter disconnecting Disney’s channels for its 15 million customers at the end of August.

The cause of the battle stemmed from Charter's accusation that Disney was requesting increased fees for its channels while not exempting charges for its streaming services for Charter customers.

Disney remained firm in its position that its terms were fair, with CEO Bob Iger stating that the company was considering a range of strategic alternatives for its networks.

However, it was reported Monday that the companies reached a deal which would end the cable blackout.

FuboTV stock fell over 18% in response to the news.

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FUBO Price Action: Shares of FUBO were down 15.9% at $2.54 at the time of publication, according to Benzinga Pro.

Image by ai subarasiki from Pixabay