Disney Continues to Hold a Stake in FuboTV-Owner FaceBank Group

Disney Continues to Hold a Stake in FuboTV-Owner FaceBank Group

Disney (NYSE: DIS) and FaceBank Group (OTC: FUBO) revealed in a regulatory filing late Monday that Disney continues to hold a stake in FaceBank, the parent company of live-TV streaming platform FuboTV, one it acquired with the acquisition of 20th Century Fox. Disney owns convertible preferred stock worth 6.63 million shares of FaceBank Group's common stock, which would represent a nearly 5% voting stake in the company.