fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV
streaming platform, announced today that Henry Ahn has been
appointed to the newly-created position of chief business officer.
Effective in early April, Ahn will be based in New York City and
report directly to David Gandler, co-founder and CEO.
In conjunction with this appointment, Ahn will transition from
his current role on fuboTV’s board of directors. He joined fuboTV’s
board in July 2020.
As chief business officer, Ahn will oversee fuboTV’s content
strategy and licensing as well as business development. Reporting
directly to Ahn will be Ben Grad, senior vice president, content
strategy and acquisition, and Len Landi, senior vice president,
business development.
“Henry has served as a trusted advisor to fuboTV since joining
our board of directors in 2020,” said Gandler. “He is a
well-respected media executive whose expertise has straddled both
traditional distribution and streaming television, positively
impacting key growth areas for the businesses in which he’s worked.
At fubo, Henry’s focus will be on managing our content licensing
strategy and costs, working with Ben and Len who have done a great
job leading our partnerships, in an effort to maximize value for
our customers and shareholders as we scale our subscriber
base.”
“I am thrilled to be working with David and the entire fuboTV
team even more closely going forward,” said Ahn. “Ever since my
involvement with fuboTV, which goes back even before I joined the
board in 2020, I was impressed by David and his team, who have
consistently out-delivered results in the fast growing streaming
business. I look forward to working constructively with media
companies, other content providers and distribution companies to
continue to bring great sports and entertainment programming in an
affordable manner to our fuboTV customers.”
Previously, Ahn served as president of content distribution and
partnerships for Univision Communications Inc. He joined Univision
in 2018 to lead content distribution sales, operations, finance and
strategy, specializing in media contract negotiations, business
strategy, content licensing, new media strategy and authenticated
streaming/video on-demand. He was also responsible for distribution
deal execution and relationships with new and existing distributors
including multichannel video programming and online video
distributors, mobile carriers and electronic sell-through
providers.
Prior to joining Univision, Ahn served as a distribution
executive for Scripps Networks Interactive (SNI) where he led
sales, negotiations, strategic planning and marketing efforts for
SNI related to every aspect of content distribution. Previously, he
served as executive vice president of TV Networks Distribution at
NBCUniversal, where he worked for 17 years.
About fuboTV
With a mission to build the world’s leading global live TV
streaming platform with the greatest breadth of premium content,
interactivity and integrated wagering, fuboTV Inc. (NYSE: FUBO)
aims to transcend the industry’s current TV model. fuboTV Inc.
operates in the U.S., Canada, France 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 sports and entertainment television. The
company's sports-first cable TV replacement product, fuboTV, offers
U.S. subscribers more than 100 live sports, news and entertainment
networks and is the only live TV streaming platform with every
Nielsen-rated sports channel (source: Nielsen Total Viewers, 2021).
Subscribers can interact with fuboTV’s live streaming experience
through predictive free-to-play games, which are integrated into
select sports content.
Fubo Gaming Inc., a subsidiary of fuboTV Inc., launched Fubo
Sportsbook, a next-generation mobile sportsbook purpose-built to
integrate with fuboTV, in 2021.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains forward-looking statements of fuboTV
Inc. (“fuboTV”) that involve substantial risks and uncertainties.
All statements contained in this press release that do not relate
to matters of historical fact are forward-looking statements within
the meaning of The Private Securities Litigation Reform Act of
1995, including statements regarding our market opportunity,
business strategy and plans and the continued shift in consumer
behavior. The words “could,” “will,” “plan,” “intend,”
“anticipate,” “approximate,” “expect,” “potential,” “believe” 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 but not limited to risks related to our pursuit and
engagement in acquisitions; our actual operating results may differ
significantly from our guidance; risks related to fuboTV’s access
to capital and fundraising prospects to fund its ongoing operations
and support its planned growth; risks relating to diverting
management’s attention from fuboTV’s ongoing business operations to
address integration and fundraising efforts; the restrictions
imposed by content providers on our distribution and marketing of
our products and services; our reliance on third party platforms to
operate certain aspects of our business; risks related to our
technology, as well as cybersecurity and data privacy-related
risks; our ability to achieve or maintain profitability; our
revenue and gross profit are subject to seasonality; our operating
results may fluctuate; our ability to attract and retain
subscribers; we may not be able to license streaming content or
other rights on acceptable terms; risks related to our ability to
capitalize develop and market a sports wagering offering and the
regulatory regime and related risks associated with such offering;
risks related to the difficulty in measuring key metrics related to
our business; risks related to the highly competitive nature of our
industry; risks related to ongoing or future legal proceedings; and
other risks, 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 our Annual Report on Form 10-K for the
full year ended December 31, 2021 filed with the Securities and
Exchange Commission (“SEC”) on March 1, 2022, and our other
periodic filings with the SEC. 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 press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20220325005076/en/
Investors
Alison Sternberg, fuboTV asternberg@fubo.tv or ir@fubo.tv
Media
Jennifer L. Press, fuboTV jpress@fubo.tv
Bianca Illion, fuboTV billion@fubo.tv
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