FuboTV Inc. (NYSE: FUBO) will unveil pick’em games this weekend
- becoming the first company to launch the popular free-to-play
sports contests directly integrated into the live TV streaming
experience.
In another first, pick’em players in select markets will have
seamless access to Fubo Sportsbook by scanning a QR code to place
real-money wagers aligned with their picks. This marks the latest
incorporation of FuboTV and its owned-and-operated real-money
wagering platform.
Pick’em players will be able to predict the outcome of select
live sporting events directly from FuboTV’s live TV streaming
platform’s home screen. Fubo will make pick’ems available prior to
the start of select live sporting events each Sunday. Players can
test their skills through a variety of contests, including Perfect
Pick’ems, to earn points and compete against their friends and the
FuboTV community for the chance to work their way up
leaderboards.
FuboTV will continue to expand the types of contests, the gaming
experience and, later, will introduce prizing.
Pick’ems will launch on Sunday, June 19 to select FuboTV
subscribers and will continue to roll out to the company’s user
base in the coming months. Subscribers can engage with pick’ems
across all FuboTV connected TV, smart TV, gaming consoles and
mobile apps as well as on https://fubo.tv.
Watch a demo of FuboTV’s pick’ems here.
As it aims to transcend the industry’s current TV model, FuboTV
continues to integrate interactivity and personalization into its
live TV streaming experience with recent proprietary launches of
free-to-play games and the FanView live scores and stats widget. In
January, the company updated its popular Multiview on Apple TV
feature to include FanView, enabling viewership of multiple live
sporting events alongside game stats and scores from around the
league.
The industry-first integration also demonstrates and further
builds upon the seamless Watch/Wager/Win connection between FuboTV
and Fubo Sportsbook - all within a single ecosystem. Fubo
Sportsbook is purpose-built to meet U.S. sports fans’ growing
demand for interactivity by delivering personalized omniscreen
experiences that turn passive viewers into active participants. Its
proprietary feature, Watching Now, leverages FuboTV’s first-party
user data to engage participants by recommending relevant bets
based upon what they are streaming — even as they change the
channel.
FuboTV recently reported that this integrated approach has led
to stronger engagement with crossover users on average placing a
greater number of bets and having higher retention rates on the
sportsbook than sportsbook-only players. The company intends to
further integrate FuboTV and Fubo Sportsbook with the launch of
additional product features, including live odds, this year,
subject to regulatory approvals.
“With this weekend’s launch, FuboTV will become the first live
TV streaming platform to offer pick’em games integrated into the
video experience with a direct gateway to an owned-and-operated
sportsbook,” said Mike Berkley, chief product officer, FuboTV. “We
believe interactivity is a key product differentiator for Fubo and,
with these immersive experiences built into our live streaming
product, we can offer the most personalized - and customizable -
sports and entertainment television experience.”
“While other media companies are entering into external
partnerships with betting companies, FuboTV and Fubo Sportsbook
have combined both into one ecosystem,” said Scott Butera,
president, Fubo Gaming. “The launch of pick’ems will further
demonstrate FuboTV’s unique product integration and commitment to
offering fans real-time immersive experiences across multiple
touchpoints.”
“Our mission is to transform the TV experience through
interactive engagement, including free gaming and real-money
wagering, into streaming video,” said David Gandler, co-founder and
CEO, FuboTV. “This industry-first integration has been popular with
consumers, and, as we reported on our recent first quarter 2022
earnings call, we’re already seeing encouraging early signs of the
flywheel effect between FuboTV and Fubo Sportsbook. We believe our
built-in video audience will allow us to acquire users more
efficiently, with a limited amount of marketing spend. We will
continue to build our fully unified streaming TV and sportsbook
experience with the rollout of more interactive features this
year.”
**Terms, conditions and restrictions apply. Pick’ems may not be
available in all locations where FuboTV is offered. Fubo Sportsbook
is available only in AZ and IA. Must be 21 or older to gamble.
Terms, conditions and restrictions apply. Gambling Problem? Text
NEXTSTEP to 53342 or Call 1-800-Next-Step (AZ). Call 1-800-BETSOFF
or visit 1800BETSOFF.org (IA). Wagering not permitted on athletes
on the roster of any Iowa College Teams or their opponents (IA).
Collegiate in-play wagers and prop bets on individuals prohibited
(AZ). **
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 product launches, market
opportunity, business strategy and plans, the expected continued
rollout of Fubo Sportsbook 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 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220616005139/en/
Investor 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 Deliah
Mathieu, Fubo Sportsbook dmathieu@fubo.tv
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