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.

These benefits are all hypothetical for now, but any attempt by Fubo and Disney to take on YouTube TV has to mean good things for subscribers: the two streaming services will naturally need to get more competitive to win over YouTube TV subscribers, be it by bolstering the channel list, reducing the price or improving the user experience.