fuboTV Secures Market Access Agreements for Forthcoming fubo Sportsbook in Indiana, New Jersey Through Caesars Entertainment ...
March 03 2021 - 05:00PM
Business Wire
Live TV Streaming Platform Now Has Deals in
3 Markets
fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV
streaming platform, today announced it has secured market access
agreements for its forthcoming fubo Sportsbook in Indiana and New
Jersey through Caesars Entertainment Inc.
The agreements will bring fubo Sportsbook to a minimum of three
states at launch following fuboTV’s previously announced market
access agreement in Iowa through Casino Queen. fubo Sportsbook is
expected to launch in the fourth quarter of this year, subject to
obtaining requisite regulatory approvals in each jurisdiction.
“We could not be more excited to bring fubo Sportsbook to market
in the fourth quarter, and today’s market access licenses for
Indiana and New Jersey will help us reach even more consumers at
launch,” said David Gandler, co-founder and CEO, fuboTV.
Yesterday, fuboTV announced it closed its strongest fourth
quarter and year in its history, topping $100 million in quarterly
revenue for the first time ($105.1 million actual). fuboTV ended
2020 with 547,880 paid subscribers, including 92,800 net subscriber
additions in the fourth quarter. The company also announced further
progress on fubo Sportsbook including agreements with Major League
Baseball and the National Basketball Association to become an
Authorized Gaming Operator of each league. For more information,
read fuboTV’s shareholder letter available on the company’s IR
site.
About fuboTV
fuboTV (NYSE: FUBO) is the leading sports-first live TV
streaming platform offering subscribers access to tens of thousands
of live sporting events annually as well as leading news and
entertainment content. With fuboTV, subscribers can stream a broad
mix of 100+ live TV channels, including 42 of the top 50
Nielsen-ranked networks across sports, news and entertainment -
more than any other live TV streaming platform (source: Nielsen
Total Viewers, 2020). Continually innovating to give subscribers a
premium viewing experience they can’t find with cable TV, fuboTV is
regularly first-to-market with new product features and was the
first virtual MVPD to stream in 4K. fuboTV was also the first U.S.
virtual MVPD to enter Europe with the 2018 launch of fuboTV España.
fuboTV launched fubo Sports Network, the live, free-to-consumer TV
network featuring live sports and award-winning original
programming, in 2019.
Forward-Looking Statements
This letter contains forward-looking statements of fuboTV Inc.
(“fuboTV”) that involve substantial risks and uncertainties. All
statements contained in this press release are forward-looking
statements within the meaning of The Private Securities Litigation
Reform Act of 1995. The words “could,” “will,” “plan,” “intend,”
“anticipate,” “approximate,” “expect,” “potential,” or the negative
of these terms or other similar expressions are intended to
identify forward-looking statements, although not all
forward-looking statements contain these identifying words. Actual
results or events could differ materially from the plans,
intentions and expectations disclosed in the forward-looking
statements that fuboTV makes due to a number of important factors,
including (i) risks related to the ability to realize the
anticipated benefits of the Balto and Vigtory acquisitions, (ii)
risks related to the company’s access to capital and fundraising
prospects to fund its ongoing operations, (iii) risks related to
diverting management’s attention from fuboTV’s ongoing business
operations to address integration and fundraising efforts, (iv)
risks related to our ability to capitalize successfully on market
trends and develop and market a sports wagering offering, and (v)
other business effects, including the effects of industry, market,
economic, political or regulatory conditions, future exchange and
interest rates, and changes in tax and other laws, regulations,
rates and policies, including the impact of COVID-19 on the broader
market. Further risks that could cause actual results to differ
materially from those matters expressed in or implied by such
forward-looking statements are discussed in the company’s periodic
filings with the Securities and Exchange Commission and we
encourage you to read such risks in detail. The forward-looking
statements in this press release represent fuboTV’s views as of the
date of this press release. fuboTV anticipates that subsequent
events and developments will cause its views to change. However,
while it may elect to update these forward-looking statements at
some point in the future, it specifically disclaims any obligation
to do so. You should, therefore, not rely on these forward-looking
statements as representing fuboTV’s views as of any date subsequent
to the date of this letter.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210303005944/en/
Investor: The Blueshirt Group for fuboTV ir@fubo.tv
Media: Jennifer L. Press, fuboTV jpress@fubo.tv
Katie Minogue, fuboTV kminogue@fubo.tv
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