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FuboTV Announces Carriage Agreement With Scripps Networks
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
FuboTV has announced a multi-year partnership with Scripps Networks, expanding its channel offerings to include ION, ION Mystery, ION Plus, Bounce, Grit, Newsy, and Court TV. This move aims to enhance FuboTV's entertainment and news content, complementing its focus on sports streaming. The partnership is expected to solidify FuboTV's position as a competitive alternative in the pay-TV market, with the launch of Scripps channels providing more diverse programming options for subscribers.
Positive
Launch of multiple Scripps channels enhances FuboTV's content offerings.
Diversifies programming, appealing to a broader audience.
Strengthens FuboTV's position as a top streaming option.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, announced today a multi-year distribution partnership with Scripps Networks, the national television network division of The E.W. Scripps Company (NASDAQ: SSP).
Starting today, FuboTV subscribers can enjoy the popular Scripps networks ION, ION Mystery, ION Plus, Bounce, Grit, Newsy (becomes Scripps News on January 1) and Court TV. The launch of these Scripps networks further expands FuboTV’s entertainment and news offerings, which, alongside its leading sports offering, makes Fubo a top streaming TV option for families.
“Today’s launch gives consumers a new streaming option to watch these top Scripps channels and further diversifies FuboTV’s growing programming line-up,” said Marisa Elizondo, vice president, content strategy and distribution, FuboTV. “Fubo’s mission is to aggregate and distribute a leading sports package, balanced with news and entertainment content, that appeals to every member of the household, all at an affordable price.”
“We believe that our diversified portfolio of popular news and entertainment networks will help strengthen FuboTV as an alternative pay tv option for consumers,” said Jeffrey Wolf, chief distribution officer, Scripps Networks.
ION features a lineup of popular off-network series, original and holiday movies and more. ION Mystery is home to television’s most binge-worthy, edge-of-your-seat thrillers, docuseries and originals. ION Plus features such fan-favorite drama series as “Murdoch Mysteries” and “Saving Hope.” Bounce features a programming mix of original series and movies, theatrical motion pictures, off network series, specials and events designed for African American audiences. Grit features classic western movies and series. Newsy is the nation’s only free 24/7 broadcast news network, serving viewers opinion-free national news from 14 news bureaus across the U.S.Court TV is devoted to live gavel-to-gavel coverage, in-depth legal reporting, and expert analysis of the nation’s most important and compelling trials.
About FuboTV
With a mission to build the world’s leading global live TV streaming platform with the greatest breadth of premium content and interactivity, 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. In the U.S., the company's sports-first cable TV replacement product, FuboTV, aggregates more than 125 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 engage with the content they are watching on FuboTV through interactive product features like FanView, an in-video experience showcasing live game, team and player stats and scores in real time. Fubo was also the first virtual MVPD to enable simultaneous viewing on up to four screens (Multiview on Apple TV) as well the first to stream in 4K HDR.
Ranked #1 in Customer Satisfaction among Live TV Streaming Providers by J.D. Power (2022), FuboTV has been called “a force in sports streaming” by Forbes, “the best streaming service for sports aficionados” by Tom’s Guide and was heralded by CNET for its “ease of use.” Learn more at https://fubo.tv
About Scripps
The E.W. Scripps Company (NASDAQ: SSP) is a diversified media company focused on creating a better-informed world. As one of the nation’s largest local TV broadcasters, Scripps serves communities with quality, objective local journalism and operates a portfolio of 61 stations in 41 markets. The Scripps Networks reach nearly every American through the national news outlets Court TV and Newsy and popular entertainment brands ION, Bounce, Defy TV, Grit, ION Mystery, Laff and TrueReal. Scripps is the nation’s largest holder of broadcast spectrum. Scripps runs an award-winning investigative reporting newsroom in Washington, D.C., and is the longtime steward of the Scripps National Spelling Bee. Founded in 1878, Scripps has held for decades to the motto, “Give light and the people will find their own way.”
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 business strategy and plans, and anticipated channel distribution and programming. 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 is 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 the prior operation and dissolution of our wagering business; 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 September 30, 2022 filed with the Securities and Exchange Commission (“SEC”) on November 7, 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.
