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FuboTV to Expand Distribution of 4 Exclusive UEFA Nations League™ Matches to Pay-Per-View
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Rhea-AI Summary
FuboTV Inc. (NYSE: FUBO) is expanding its reach by offering four UEFA Nations League™ matches via Pay-Per-View (PPV) this June. The matches, featuring England, will be accessible not only on FuboTV but also through DIRECTV, DISH, and major cable operators. Each event will cost customers $24.95. This development marks FuboTV's first foray into PPV, aimed at diversifying revenue streams and targeting profitability by 2025. The streaming service holds exclusive U.S. rights to UEFA matches, enhancing its sports content available to subscribers.
Positive
Expansion to Pay-Per-View (PPV) diversifies revenue streams.
Exclusive rights for UEFA matches strengthen content offerings.
First PPV offering could attract new subscriber demographics.
Negative
No additional PPV distribution partnerships announced.
Complete Coverage of UEFA Nations League™ Will Stream on FuboTVVia Fubo Sports Network and FOX Sports
NEW YORK--(BUSINESS WIRE)--
FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, announced today it is expanding its distribution of four Union of European Football Associations (UEFA) Nations League™ matches in June to Pay-Per-View (PPV). The matches will continue to stream live on FuboTV as previously announced.
FuboTV’s exclusive English language streams of four UEFA Nations League™ matches - all featuring England - will be available to customers of DIRECTV, DISH and all major cable companies via iN Demand. Additionally, sports bars and pubs can order these matches to stream live in their establishments through Integrated Sports by calling 1-866-396-8283 or via email at Info@ISMSports.com.
FuboTV’s PPVofferings include the following matches:
June 4, 2022
Noon ET
Hungary vs. England
June 7, 2022
2:30 p.m. ET
Germany vs. England
June 11, 2022
2:30 p.m. ET
England vs. Italy
June 14, 2022
2:30 p.m. ET
England vs. Hungary
Each PPV event is available for $24.95.
“Soccer is about to heat up with UEFA Nations League™, and we’re thrilled to bring select exclusive matches not only to FuboTV customers but to a broader audience through our PPV distribution partners,” said David Gandler, co-founder and CEO, FuboTV. “This marks the first time FuboTV has expanded distribution to customers of PPV, diversifying our revenue streams as we target profitability by 2025. Whether they watch on FuboTV, our broadly-distributed Fubo Sports Network or PPV, soccer fans won’t miss a minute of the action.”
FuboTV announced in January that it secured exclusive U.S. rights (all languages excluding Spanish and Portuguese) to stream select matches from UEFA through a six-year sublicense with FOX Sports. In addition to UEFA Nations League™, FuboTV will stream European Qualifiers to UEFA Euro 2024 and 2028™, European Qualifiers to FIFA World Cup 2026™, Friendly Matches played by European nations controlled by UEFA, UEFA Euro2024™ (five matches) and UEFA Euro2028™ (five matches). Through its exclusive matches and the company’s carriage agreement with FOX Sports, subscribers can enjoy complete UEFA coverage with FuboTV.
FuboTV’s exclusive UEFA Nations League™ coverage will stream live on Fubo Sports Network, which is available as part of FuboTV’s base plan of 100+ sports, news and entertainment channels. Select UEFA Nations League™ matches will stream live on Fubo Sports Network through its distribution partners including Hisense Smart TVs, LG Channels, Sports on Tubi, Plex, Samsung TV Plus, The Roku Channel, Vizio Channels and XUMO.
The company has not announced any additional distribution partnerships with PPV beyond the four June 2022 UEFA Nations League™ matches at this time.
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 anticipated live events. 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.
