Disney has sold its interest in Fusion to Unvision who founded the cable channel with the Mouse House. Univision had handled editorial control while Disney managed distribution in ad sales. Both companies issues a joint statement saying:
We have reached an agreement to end our joint ownership of FUSION with UCI becoming the sole owner. Effective immediately, UCI will take over ABC’s role in handling distribution and ad sales functions for FUSION’s multi-platform network and have editorial control. The transition of ownership will happen once the transaction is completed, which is expected to be as soon as reasonably practical. Terms of the transaction are not being disclosed.
Our companies have gained valuable knowledge from each other over the past several years and we are proud of what we have built together in a short period of time. The mutual bonds created between our teams will remain.
The network designed to target millennial had struggled to gain traction. Disney had used Fusion as a synergy partner including airing special editions of ABC’s Nightline, simulcasting ESPN Radio’s Dan LeBatard Show, and recently airing a documentary on the creation of Zootopia.