Disney and Fubo have reached an agreement to merge Hulu + Live TV with FuboTV, the companies announced via a press release. This will create a new entity that Disney owns 70 percent of, with Fubo taking up the remaining 30 percent.

The deal will create a streaming multichannel video service that is second only to YouTube in scale, while potentially allowing the Venu service to move forward.

A federal judge agreed and temporarily blocked the service, ruling in August that Venu would “substantially lessen competition and restrain trade.” Fubo said in a statement th