11/05/2025 | Press release | Distributed by Public on 11/05/2025 07:02
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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Newco Unit | (1) | (1) | Class A Common Stock | 947,910,220 | (1) | I | See footnote(2) |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Walt Disney Co 500 SOUTH BUENA VISTA STREET BURBANK, CA 91521 |
X | X | ||
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Hulu, LLC 2500 BROADWAY STREET 2ND FLOOR SANTA MONICA, CA 90404 |
X | X | ||
| The Walt Disney Company By: /s/ James M. Kapenstein Name: James M. Kapenstein Title: Deputy General Counsel | 11/05/2025 | |
| **Signature of Reporting Person | Date | |
| Hulu, LLC By: /s/ James M. Kapenstein Name: James M. Kapenstein Title: Vice President | 11/05/2025 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Each share of Class B common stock, par value $0.0001 per share (the "Class B Common Stock") of FuboTV Inc., a Delaware corporation ("Fubo"), together with one membership unit of Fubo Operations LLC, a Delaware limited liability company ("Newco", and such unit, a "Newco Unit"), may be (i) exchanged for a share of Class A common stock, par value $0.0001 per share (the "Class A Common Stock") or (ii), at Fubo's option, redeemed for cash, subject to Fubo's right to effect, in lieu of such a redemption, a direct exchange between Fubo and Hulu, LLC ("Hulu") of cash or a share of Class A Common Stock for such Newco Unit and share of Class B Common Stock, in each case, pursuant to the Amended and Restated Limited Liability Company Agreement of Newco, dated as of October 29, 2025, by and among Newco, Hulu, Fubo and each other Member (as defined therein). As of the date hereof, the Reporting Persons beneficially own more than 10% of the Class A Common Stock of Fubo on an as converted basis. |
| (2) | Hulu is the direct holder of the shares of Class B Common Stock reflected in this Form 3. Hulu is a subsidiary of TFCF-Hulu Holdings, Inc., which is a wholly owned subsidiary of Hulu Holdings, Inc., which is a subsidiary of TFCF Entertainment Group, LLC, which is a wholly owned subsidiary of TFCF Entertainment Group Holdings, LLC, which is a wholly owned subsidiary of TFCF America, Inc., which is a wholly owned subsidiary of TFCF Corporation, which is a wholly owned subsidiary of Disney Enterprises, Inc., which is a wholly owned subsidiary of TWDC Enterprises 18 Corp., which is a wholly owned subsidiary of The Walt Disney Company. |
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Remarks: Pursuant to the Certificate of Incorporation of Fubo, approved by Fubo's shareholders at the special meeting of shareholders held on September 30, 2025, Hulu has certain rights to designate, and has designated, directors of Fubo effective following the consummation of the transactions contemplated by the Business Combination Agreement, dated as of January 6, 2025, by and among the Reporting Persons and Fubo. |
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