fuboTV Set to Join Russell 3000® Index
June 22 2021 - 9:00AM
Business Wire
fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV
streaming platform, is set to join the broad-market Russell
3000® Index at the conclusion of the 2021 Russell indexes
annual reconstitution, effective after the U.S. market opens on
June 28, according to a preliminary list of additions posted June
4.
Annual Russell indexes reconstitution captures the 4,000 largest
U.S. stocks as of May 7, ranking them by total market
capitalization. Membership in the U.S. all-cap Russell 3000® Index,
which remains in place for one year, means automatic inclusion in
the large-cap Russell 1000® Index or small-cap Russell 2000® Index
as well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
“We are pleased with the interest fuboTV has received from the
investor community in such a short period following our listing on
the New York Stock Exchange last October,” said David Gandler,
co-founder and CEO, fuboTV. “The addition of fuboTV to the Russell
3000® Index is an important milestone for the company as we stay
laser-focused on defining a new category of interactive television
while delivering significant shareholder value.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $10.6 trillion in
assets are benchmarked against Russell’s U.S. indexes. Russell
indexes are part of FTSE Russell, a leading global index
provider.
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
About fuboTV
With a mission to provide the world’s most thrilling
sports-first live TV experience through the greatest breadth of
premium content, interactivity and integrated wagering, fuboTV Inc.
(NYSE: FUBO) is focused on bringing to life its vision of a
streaming platform that transcends the industry’s current virtual
MVPD model. fuboTV Inc. operates in the U.S., Canada and Spain.
Leveraging its proprietary data and technology platform
optimized for live TV and sports viewership, fuboTV Inc. aims to
turn passive viewers into active participants and define a new
category of interactive television. Through its cable TV
replacement product, 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). fuboTV intends to add interactivity to its streaming
experience with the launch of a predictive free-to-play gaming app
in Q3 2021.
Fubo Gaming Inc., a subsidiary of fuboTV Inc., expects to launch
Fubo Sportsbook, a comprehensive sports entertainment experience
through sports betting, in Q4 2021, subject to obtaining requisite
regulatory approvals.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $17.9
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products
and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based on the
current beliefs, expectations and assumptions of fuboTV and on
information currently available to fuboTV. The forward-looking
statements in this press release represent fuboTV’s views as of the
date of this press release. These statements may include, but are
not limited to, statements regarding future events or future
financial and operating performance, including revenue and
subscriber guidance and efforts to implement sports wagering into
our product. Although fuboTV believes the expectations reflected in
such forward-looking statements are reasonable, fuboTV can give no
assurance that such expectations will prove to be correct.
Forward-looking statements may involve known and unknown risks,
uncertainties and other factors that may cause fuboTV’s actual
results, performance or achievements to be materially different
from those expressed or implied by the forward-looking statements.
Accordingly, readers are cautioned not to place undue reliance on
these forward-looking statements. Except as required by applicable
law, fuboTV does not plan to publicly update or revise any
forward-looking statements contained herein, whether as a result of
any new information, future events, changed circumstances or
otherwise. No representations or warranties (expressed or implied)
are made about the accuracy of any such forward-looking statements.
Important factors that could cause fuboTV’s actual results to
differ materially are detailed from time to time in the reports
fuboTV files with the Securities and Exchange Commission, copies of
which are available on the Securities and Exchange Commission’s
website at www.sec.gov and are available from fuboTV without
charge. However, new risk factors and uncertainties may emerge from
time to time, and it is not possible to predict all risk factors
and uncertainties.
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version on businesswire.com: https://www.businesswire.com/news/home/20210622005168/en/
Investor Contact: The Blueshirt Group for fuboTV ir@fubo.tv
Media Contacts: Jennifer L. Press, fuboTV jpress@fubo.tv
Katie Minogue, fuboTV kminogue@fubo.tv
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