Fubo Expands Sports, Entertainment, News and Latino Programming With Launch of Six NBCUniversal Fast Channels in Canada

Rhea-AI Summary

Fubo and NBCUniversal have announced the launch of six NBCU FAST channels in Canada, expanding their sports, entertainment, news, and Latino programming offerings. Three channels - NBC News NOW, Noticias Telemundo Ahora, and Telemundo al Dia - are immediately available on Fubo Canada's Sports, Entertainment and Premium channel plans. Three additional English-language channels - GolfPass, Dateline 24/7, and American Crimes - will be launched soon.

Positive

• Expansion of content offering with six new channels in Canadian market
• Strategic partnership with major content provider NBCUniversal
• Diversification of content with bilingual programming (English and Spanish)
• Enhanced sports content through GolfPass addition

Negative

• None.

Insights

Market Research Analyst

The expansion of FAST channels through NBCUniversal partnership represents a strategic but modest enhancement to Fubo's Canadian content offering. While this development strengthens Fubo's position in the Canadian streaming market, particularly in sports and Latino programming, the immediate revenue impact is likely to be minimal.

The addition of NBC News NOW, GolfPass and specialized content channels could help reduce customer churn and potentially attract new subscribers, especially among golf enthusiasts and Spanish-speaking viewers. However, in the context of Fubo's $509.5M market cap and broader business challenges, this content expansion alone is unlikely to significantly move the needle on subscriber growth or financial performance.

The partnership demonstrates Fubo's continued execution of its content diversification strategy, but investors should view this as a gradual business development rather than a transformative catalyst.

NBC News NOW And Two Telemundo Channels Available Today with GolfPass, Dateline 24/7 and American Crimes Coming Soon for Fubo Canada Customers

TORONTO--(BUSINESS WIRE)-- FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), and NBCUniversal announced today the launch of six NBCU FAST channels that will bring popular and iconic sports, entertainment, news and Latino programming to the leading sports-first live TV streaming platform in Canada.

Available today on Fubo Canada’s Sports, Entertainment and Premium channel plans are NBC News Now, Noticias Telemundo Ahora and Telemundo al Dia with three additional English-language channels coming to all Canadian plans soon.

"We're delighted to offer Fubo's Canadian customers an even richer selection of sports, entertainment and news programming from NBCU's esteemed content library in both English and Spanish languages," said Ben Grad, senior vice president, strategic partnerships and operations. "The addition of NBCU's FAST channels underscores our commitment to bring Canadians the best one-stop viewing experience for premium streaming content."

“We are pleased to partner with Fubo and launch NBCUniversal’s sports, entertainment, news and Hispanic FAST channels in Canada, welcoming new viewers to explore our rich content offerings,” said Matt Farina, senior vice president, NBCUniversal content distribution. “This partnership not only strengthens our footprint in the Canadian marketplace but also achieves our goal of distributing NBCU’s premium programming portfolio to the widest audience possible.”

The NBCU FAST channels launching on Fubo in Canada include:

NBC News NOW: Get the latest breaking news and stay on top of the stories that matter most with in-depth reporting, 24/7.

Noticias Telemundo Ahora: 24/7 Spanish-language news channel, featuring breaking news, live reports from major cities, and interviews with today’s leading newsmakers.

Telemundo Al Dia: The most trusted news source for the Hispanic community in Canada, offering the most important news and the latest in entertainment, realities and sports.

GolfPass: Co-founded by global golf superstar Rory McIlroy, GolfPass is the hub for all things golf, offering thousands of tips and lessons, original entertainment, news and tournament highlights from GOLF Channel, and more.

Dateline 24/7: Stream Dateline 24 hours a day, 7 days a week on the Dateline 24/7 channel. Discover top true crime picks from the true crime original. All Dateline, all the time.

American Crimes: Explore the dark side of the American dream and life behind bars, featuring CNBC’s award-winning original series American Greed and Lockup.

About Fubo Canada

Fubo is the leading sports-first live TV streaming platform operating in Canada, the U.S., France and Spain. In Canada, Fubo has become the premier soccer streaming platform with local and international top-tier soccer content along with a growing offering of linear sports and entertainment channels. Cord cutters can stream Fubo on mobile and connected TV devices, or on the web, at the fraction of the cost of a cable TV subscription.

About NBCUniversal

NBCUniversal is one of the world’s leading media and entertainment companies. We create world-class content, which we distribute across our portfolio of film, television, and streaming, and bring to life through our theme parks and consumer experiences. We own and operate leading entertainment and news brands, including NBC, NBC News, MSNBC, CNBC, NBC Sports, Telemundo, NBC Local Stations, Bravo, USA Network, and Peacock, our premium ad-supported streaming service. We produce and distribute premier filmed entertainment and programming through Universal Filmed Entertainment Group and Universal Studio Group, and have world-renowned theme parks and attractions through Universal Destinations & Experiences. NBCUniversal is a subsidiary of Comcast Corporation.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements of FuboTV Inc. (“Fubo”) 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 business strategy and plans, partnerships, programming, packages and distribution. 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 Fubo makes due to a number of important factors, including but not limited to the following: our ability to achieve or maintain profitability; risks related to our access to capital and fundraising prospects to fund our financial operations and support our planned business growth; our revenue and gross profit are subject to seasonality; our operating results may fluctuate; our ability to effectively manage our growth; the long-term nature of our content commitments; our ability to renew our long-term content contracts on sufficiently favorable terms; our ability to attract and retain subscribers; obligations imposed on us through our agreements with certain distribution partners; we may not be able to license streaming content or other rights on acceptable terms; 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 the difficulty in measuring key metrics related to our business; risks related to preparing and forecasting our financial results; risks related to the highly competitive nature of our industry; risks related to the potential launch of the joint venture by Walt Disney Company, Fox Corporation and Warner Brothers Discovery; risks related to our technology, as well as cybersecurity and data privacy-related risks; 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. 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 ending June 30, 2024 filed with the Securities and Exchange Commission (“SEC”) 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 Fubo’s views as of the date of this press release. Fubo 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 Fubo’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/20241125482962/en/

Investors

Ameet Padte, Fubo

ameet@fubo.tv

JCIR for Fubo

ir@fubo.tv

Media

Bianca Illion, Fubo

billion@fubo.tv

NATIONAL Public Relations for Fubo

Fubo_NAT_Team@national.ca

Source: fuboTV

FAQ

What new channels did Fubo (FUBO) launch in Canada in 2024?

Fubo launched six NBCUniversal FAST channels in Canada: NBC News NOW, Noticias Telemundo Ahora, Telemundo al Dia, with GolfPass, Dateline 24/7, and American Crimes coming soon.

Which NBCUniversal channels are immediately available on Fubo (FUBO) in Canada?

NBC News NOW, Noticias Telemundo Ahora, and Telemundo al Dia are immediately available on Fubo Canada's Sports, Entertainment and Premium channel plans.

What sports content is Fubo (FUBO) adding through the NBCUniversal partnership in Canada?

Fubo is adding GolfPass, co-founded by Rory McIlroy, which offers golf tips, lessons, original entertainment, news, and tournament highlights from GOLF Channel.