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FuboTV Inc. (NYSE: FUBO) has announced the appointment of three executives to strengthen its partnerships and content strategy. Ben Grad becomes the senior vice president for strategic partnerships, aiming to drive new revenue streams. Todd Mathers takes the role of senior vice president for content strategy and acquisition, focusing on expanding programming while realigning licensing costs. Andrew Steinberg joins as vice president of business development, responsible for growing network distribution and exploring new partnerships. These changes are part of FuboTV's strategy to achieve profitability by 2025.
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Appointment of Ben Grad to senior vice president for strategic partnerships to enhance revenue streams.
Todd Mathers appointed as senior vice president for content strategy, tasked with expanding programming and managing licensing costs.
Andrew Steinberg joins as vice president of business development, focusing on network distribution and partnerships.
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NEW YORK--(BUSINESS WIRE)--
FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, announced today three executive appointments to bolster its strategic partnerships, content strategy and business development operations. All appointments are effective immediately.
Ben Grad has been named senior vice president, head of strategic partnerships and operations, reporting to David Gandler, co-founder and CEO. In this newly created role, Grad will be responsible for developing and leading key external partnerships and internal cross-functional initiatives for the company, covering both the streaming and online wagering segments, in order to drive new revenue streams and accelerate FuboTV’s path to profitability. Grad joined FuboTV in 2017 and was most recently senior vice president, content strategy and acquisition. He previously held strategy and partnership roles at Verizon, Fuse, Time Warner and Universal Music Group.
Todd Mathers has been named senior vice president, content strategy and acquisition, reporting directly to Henry Ahn, chief business officer. In his new role, Mathers will oversee content strategy, acquisition and licensing for FuboTV. He has been tasked with expanding the company’s robust portfolio of sports, news and entertainment programming while also realigning licensing costs with both existing and new content partners.
Prior to joining FuboTV, Mathers was head of content strategy and business development for Verizon/FIOS, where he was responsible for content acquisition on all consumer platforms (wireless, 5G, fixed wireless, FIOS, broadband, etc), affiliate relations, pricing/packaging and more. Before joining Verizon/FIOS in 2021, Mathers spent 20 years at AT&T and DIRECTV, most recently as senior vice president, programming and content. While at the company, Mathers developed and launched a portfolio of digital products including streaming platforms Watch TV, DIRECTV NOW and AT&T TV. Mathers, a lawyer, began his career at Sony Pictures and the law firm Manatt, Phelps & Phillips.
Additionally, Andrew Steinberg has joined FuboTV as vice president, business development, reporting to Ahn. In this role, Steinberg will manage and grow distribution of FuboTV’s networks and create new business opportunities with current platform partners such as Amazon Fire, Apple, Google, Roku and Samsung TV. Prior to joining Fubo, Steinberg was director, business development and partnerships for Goldin, a leading marketplace for trading cards, collectibles and memorabilia. He has spent the majority of his 20+ year career working across the media and entertainment industry, and has held senior business development and strategy roles at Discovery Inc., Scripps Networks Interactive, Paramount Pictures, TEGNA and Premion among others.
“Ben’s understanding of FuboTV’s business, combined with his expertise and track record as a media executive, will be invaluable as we transition from a start-up to a growth-oriented media and technology company,” said Gandler. “We look forward to the impact Ben can have in this broader strategic role as FuboTV targets profitability in 2025.”
“Todd and Andrew have demonstrably helped expand and diversify the revenue streams of some of the world’s most renowned media businesses,” said Ahn. “We are excited to tap into their expertise to grow our sports entertainment content experience across multiple platforms, while managing costs for consumers and providing value for our shareholders. I am thrilled to welcome Todd and Andrew to FuboTV.”
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.
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 market opportunity, business strategy and plans 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.
What are the recent executive appointments at FuboTV?
FuboTV has appointed Ben Grad as senior vice president for strategic partnerships, Todd Mathers as senior vice president for content strategy and acquisition, and Andrew Steinberg as vice president of business development.
What is FuboTV's plan for profitability?
FuboTV aims to achieve profitability by 2025, leveraging new executive appointments to drive revenue streams and enhance content.
How will Ben Grad's role impact FuboTV?
Ben Grad will focus on developing external partnerships and internal initiatives to boost revenue, accelerating FuboTV's growth.
Who will oversee content strategy at FuboTV?
Todd Mathers will oversee content strategy and acquisition, working to enhance FuboTV's sports and entertainment programming.
What is Andrew Steinberg's role at FuboTV?
Andrew Steinberg will manage business development, focusing on expanding distribution and creating new opportunities with partners.
