fuboTV Launches Philanthropic Initiative to Support Breast Cancer Research

Rhea-AI Summary

fuboTV (NYSE: FUBO) has announced a partnership with the Breast Cancer Research Foundation (BCRF) to raise funds and awareness for breast cancer research. Throughout September, fuboTV will donate $1.00 from every subscription to its Sports Plus add-on to BCRF. Promotional content featuring Football Hall of Famer Jerome Bettis will be aired, encouraging donations. Breast cancer is now the most common cancer globally, impacting one in eight women in the U.S. fuboTV aims to support crucial research funding amidst a decline in overall research support.

Positive

• Partnership with BCRF enhances brand visibility and corporate social responsibility.
• Donating $1 from every subscription to raise funds for breast cancer research.

Negative

• Limited financial impact from the partnership; donations depend on subscription uptake.
• Breast cancer research funding is declining despite increasing cases, highlighting industry challenges.

fuboTV partners with the Breast Cancer Research Foundation, the highest-rated breast cancer organization in the country, to raise funds and awareness

NEW YORK--(BUSINESS WIRE)-- fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced a philanthropic partnership with the Breast Cancer Research Foundation (BCRF).

Jerome “The Bus” Bettis, Football Hall of Famer and BCRF Board Member, will join fuboTV’s effort to raise awareness of the critical need for breast cancer research. Throughout September, the company will air promotional spots featuring Bettis to announce the partnership, as well as PSAs that will encourage viewers to donate directly to BCRF. Both the promo spots and the PSA were produced by fuboTV’s Fubo Sports Network.

“Thanks to research, I still have my biggest fan—my mom. I’m proud to support the lifesaving research funded by the Breast Cancer Research Foundation and thrilled that fuboTV is joining the BCRF family,” said Bettis.

Additionally, during the month of September, fuboTV will donate $1.00 from every subscription of its Sports Plus add-on channel package to BCRF. An add-on for fuboTV subscribers who want even more sports, Sports Plus offers top NCAA games, NFL RedZone from NFL Network, and more premium channels covering a variety of sports.

“Breast cancer is a disease that has unfortunately touched all of us,” said fuboTV’s Senior Vice President, Marketing Yale Wang. “Progress depends on investing in the world’s best scientists to attack the disease from all angles. That’s why we’re supporting BCRF in their mission to end breast cancer by advancing the world’s most promising research.”

Breast cancer is now the most common cancer worldwide, surpassing lung cancer for the first time in 2020. About one in eight women in the United States will develop invasive breast cancer during their lifetime. With 275 researchers across five continents, BCRF has been deeply involved in every major breakthrough in breast cancer prevention, diagnosis, treatment, and survivorship.

“Even as breast cancer cases around the world are on the rise, research funding is on the decline,” said BCRF President and CEO Myra Biblowit. “By partnering with BCRF, fuboTV is supporting groundbreaking, lifesaving science—ensuring that research funded today is there for our loved ones tomorrow. Together, we will bring the end of breast cancer into focus.”

About fuboTV

With a mission to provide the world’s most thrilling sports-first live TV experience through the greatest breadth of premium content, interactivity and integrated wagering, fuboTV Inc. (NYSE: FUBO) is focused on bringing to life its vision of a streaming platform that transcends the industry’s current virtual MVPD model. fuboTV Inc. operates in the U.S., Canada 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. Through its cable TV replacement product, fuboTV, subscribers can stream a broad mix of 100+ live TV channels, including 74 of the top 100 Nielsen-ranked networks across sports, news and entertainment — more than any other live TV streaming platform (source: Nielsen Total Viewers, 2020). fuboTV intends to add interactivity to its streaming experience with the launch of predictive free-to-play games in the fall of 2021. Fubo Gaming Inc., a subsidiary of fuboTV Inc., expects to launch Fubo Sportsbook, a comprehensive sports entertainment experience through sports betting, in Q4 2021, subject to obtaining requisite regulatory approvals.

About the Breast Cancer Research Foundation

Breast cancer is a complex disease with no simple solution. Research is the key to stopping it in its tracks. Founded in 1993 by Evelyn H. Lauder, the Breast Cancer Research Foundation is the largest private funder of breast cancer research in the world. We invest in the best minds in science—from those investigating prevention to metastasis—and foster cross-disciplinary collaboration. Our approach accelerates the entire field and moves us closer to the answers we urgently need. We can’t stop now. Join us in fueling the world’s most promising research. With you, we will be the end of breast cancer. Learn more and get involved at BCRF.org.

Forward-Looking Statement

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, the continued shift in consumer behavior and the expected launch of free to play games, FanView and Fubo Sportsbook. The words “could,” “will,” “plan,” “intend,” “anticipate,” “approximate,” “expect,” “potential,” 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 the Company’s access to capital and fundraising prospects to fund its ongoing operations and support its planned growth; 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 June 30, 2021 filed with the Securities and Exchange Commission (“SEC”) on August 11, 2021 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210827005025/en/

Media

Jennifer Press, fuboTV

jpress@fubo.tv

Bianca Illion, fuboTV

billion@fubo.tv

Sadia Zapp, Breast Cancer Research Foundation

szapp@bcrf.org

Investor

Alison Sternberg, fuboTV

asternberg@fubo.tv

The Blueshirt Group for fuboTV

ir@fubo.tv

Source: fuboTV Inc.

FAQ

What is fuboTV's partnership with the Breast Cancer Research Foundation?

fuboTV is partnering with the Breast Cancer Research Foundation to raise funds and awareness for breast cancer research, donating $1 from each Sports Plus subscription during September.

Who is involved in promoting fuboTV's partnership for breast cancer awareness?

Football Hall of Famer Jerome Bettis is featured in promotional content supporting fuboTV's partnership with the Breast Cancer Research Foundation.

What is the significance of breast cancer research according to fuboTV?

Breast cancer is the most common cancer globally, and fuboTV emphasizes the importance of funding research to combat its rise and support groundbreaking science.

How does fuboTV plan to raise donations for BCRF?

fuboTV will air promotional spots and donate $1 from every Sports Plus subscription to support the Breast Cancer Research Foundation.

When is fuboTV's fundraising effort for breast cancer research taking place?

The fundraising effort is taking place throughout September.