FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV
streaming platform, announced today the launch of TMB’s (Trusted
Media Brands) award-winning free ad-supported streaming TV (FAST)
channels. Today’s launch is part of Fubo’s strategy to further grow
its content offerings and ad revenue through expanded distribution
of FAST channels on its subscription service.
FuboTV subscribers can now stream TMB’s popular FAST channels
FailArmy, People Are Awesome and The Pet Collective, with
WeatherSpy to be launched shortly. FailArmy taps into the latest
online humor and culture to bring the freshest and funniest fail
videos, pranks, comedy, original series and more; People Are
Awesome features jaw-dropping stunts, expert fitness tips,
inspiring athlete documentaries and adventure travel series; The
Pet Collective offers the best pet videos, news, products, how-to’s
and more. TMB’s channels have amassed a loyal following with a
combined viewership of over nine billion minutes of watch time over
the past year and more than 250 million combined followers across
social media.
The TMB channels join more than 30 FAST channels now distributed
by FuboTV, including ABC News Live, Bloomberg Quicktake, Estrella
TV, FOX Weather, FOX Soul and Live NOW by Fox, Law&Crime
Network, Swerve Sports and Tastemade Travel. FuboTV also
distributes three owned and operated FAST channels: Fubo Sports
Network, Fubo Movie Network and Fubo Latino Network.
Since the start of 2022, the company has added nearly 20 FAST
channels with the goal of launching approximately 100 more by the
end of the year. The strategy aligns with an overall industry shift
to ad-supported content as studies show consumers prefer these
services over more expensive options. (Morning Consult survey
research; May 2022).
“Launching FAST channels, like TMB’s popular brands, on FuboTV
enables us to expand our programming offering while keeping costs
low for consumers,” said Henry Ahn, chief business officer, FuboTV.
“These channels offer a wide range of sports, news and
entertainment content that are a perfect complement to FuboTV’s
premium channels.”
“As the industry leans into ad-supported content, we believe a
more robust portfolio of FAST channels as part of FuboTV’s content
offering will benefit customers, advertisers and investors,” said
David Gandler, co-founder and CEO, FuboTV. “Diversifying our
revenue streams, particularly with our ad sales business, is one of
many strategies we are deploying to achieve our profitability
targets.”
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 anticipated live events. 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 Quarterly Report on Form 10-Q for
the quarterly period ended March 31, 2022 filed with the Securities
and Exchange Commission (“SEC”) on May 10, 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/20220613005156/en/
Investors: Alison Sternberg, FuboTV asternberg@fubo.tv
JCIR for FuboTV ir@fubo.tv
Media: Jennifer L. Press, FuboTV jpress@fubo.tv
Bianca Illion, FuboTV billion@fubo.tv
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