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FuboTV Announces Inducement Grants Under NYSE Listing Rule 303A.08
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
FuboTV Inc. (NYSE: FUBO) announced on February 19, 2023, that its Board of Directors granted restricted stock unit awards totaling 58,472 shares to four new employees. These awards are part of the 2022 Employment Inducement Equity Incentive Plan and will vest annually over four years, contingent on continued employment. This move reflects Fubo's commitment to attracting talent in the competitive streaming market.
As a leading sports-first live TV streaming platform, FuboTV offers over 125 live channels, focusing on sports content, and operates in the U.S., Canada, Spain, and France.
Positive
Attracting talent with the grant of 58,472 shares, which could enhance team capabilities.
Maintaining a competitive edge in the sports streaming market with a focus on high-quality content.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced that on February 19, 2023, the Compensation Committee of Fubo’s Board of Directors granted restricted stock unit awards covering an aggregate of 58,472 shares of its common stock to four new employees to induce them to join Fubo. The awards were granted under Fubo’s 2022 Employment Inducement Equity Incentive Plan, and vest annually over a four-year period following their grant, subject to continued employment. The awards were granted as employment inducement awards pursuant to the New York Stock Exchange rules.
About Fubo
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. The company operates Fubo in the U.S., Canada and Spain and Molotov in France.
In the U.S., Fubo is a sports-first cable TV replacement product that 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, 2022). Leveraging Fubo’s proprietary data and technology platform optimized for live TV and sports viewership, subscribers can engage with the content they are watching 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), Fubo 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
