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About fuboTV
Industries
Consumer Software
Entertainment
Company Size
501-1,000
Company Stage
IPO
Total Funding
$146.4M
Headquarters
New York City, New York
Founded
2015
Overview
FuboTV provides a live TV streaming service that allows users to watch a variety of channels, including sports, news, and entertainment, all from a single app. The service operates primarily in the U.S., Canada, Spain, and France, targeting individuals who prefer streaming over traditional cable TV, especially those who have canceled their cable subscriptions. FuboTV functions as a virtual Multichannel Video Programming Distributor (vMVPD), offering multiple live TV channels through internet streaming. Users pay a monthly subscription fee for access to live channels and on-demand content, while the company also earns revenue through advertising. FuboTV distinguishes itself from competitors by focusing on an interactive viewing experience and a strong emphasis on premium sports content, aiming to redefine how audiences engage with live television.
Simplify's Take
What believers are saying
- The merger with Hulu creates the second-largest internet pay-TV provider in North America.
- Integration of AI-driven personalized content can enhance user engagement and retention.
- The rise of interactive sports betting presents a lucrative opportunity for increased revenue.
What critics are saying
- Increased competition from Disney's ESPN+ and Hulu Live TV could erode market share.
- Legal challenges may arise from the investigation into the merger with Disney.
- Reliance on sports content is a vulnerability if there are disruptions in sports events.
What makes fuboTV unique
- FuboTV is the only sports-focused live TV streaming service globally.
- It offers a unique combination of sports, news, and entertainment in one platform.
- FuboTV provides interactive and engaging viewing experiences beyond traditional TV models.
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Funding
Total Funding
$146.4M
Below
Industry Average
Funded Over
7 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Company Match
Unlimited Paid Time Off
Commuter Benefits
Company Equity
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -1%Fubo launches multicultural skinny bundles.
Disney is hoping the rise of so-called “skinny bundles” in streaming services will reverse cord-cutting. Speaking during a conference call discussing first-quarter earnings Wednesday (Feb. 5), CEO Bob Iger discussed the company’s streaming and sports programming plans in the wake of Disney’s January announcement that it is merging its Hulu + Live TV service with FuboTV. The company aims to make the Disney-owned ESPN sports network accessible to as many viewers as possible, he said
FuboTV has announced plans to create a new sports and broadcast service following an agreement with Disney which will see Hulu + Live TV combined with the sports outlet.
On Monday, attorneys representing Halper Sadeh LLC issued a press release saying the firm has launched an investigation into whether Fubo and its Board of Directors "violated the federal securities laws and/or breached their fiduciary duties to shareholders" by failing to obtain the best possible deal in the interest of Fubo's shareholders.
Hulu and FuboTV are merging their live TV operations, creating the second-largest internet pay-TV provider in North America with 6.2 million subscribers. This merger clears the way for Disney's sports streaming venture, Venu, and ends Fubo's antitrust lawsuit against Disney. Fubo's stock surged over 120% following the announcement. A new carriage deal allows Fubo to offer Disney's sports networks. Hulu+ Live TV and FuboTV will remain separate services post-merger.
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About fuboTV
Industries
Consumer Software
Entertainment
Company Size
501-1,000
Company Stage
IPO
Total Funding
$146.4M
Headquarters
New York City, New York
Founded
2015
fuboTV is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today