Henry Ahn Named Chief Business Officer at fuboTV

Rhea-AI Summary

fuboTV (NYSE: FUBO) announced the appointment of Henry Ahn as the chief business officer, effective early April. Ahn, who has been on fuboTV's board since July 2020, will focus on content strategy and business development. Reporting directly to him will be Ben Grad and Len Landi. Ahn's previous roles include leadership positions at Univision and NBCUniversal. This strategic appointment aims to enhance fuboTV's growth by optimizing licensing strategies and maximizing customer value.

Positive

• Appointment of Henry Ahn as chief business officer to strengthen content strategy and licensing.
• Ahn brings extensive experience from Univision and NBCUniversal, likely enhancing business development.
• Focus on optimizing content licensing strategy could lead to increased shareholder value.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, announced today that Henry Ahn has been appointed to the newly-created position of chief business officer. Effective in early April, Ahn will be based in New York City and report directly to David Gandler, co-founder and CEO.

In conjunction with this appointment, Ahn will transition from his current role on fuboTV’s board of directors. He joined fuboTV’s board in July 2020.

As chief business officer, Ahn will oversee fuboTV’s content strategy and licensing as well as business development. Reporting directly to Ahn will be Ben Grad, senior vice president, content strategy and acquisition, and Len Landi, senior vice president, business development.

“Henry has served as a trusted advisor to fuboTV since joining our board of directors in 2020,” said Gandler. “He is a well-respected media executive whose expertise has straddled both traditional distribution and streaming television, positively impacting key growth areas for the businesses in which he’s worked. At fubo, Henry’s focus will be on managing our content licensing strategy and costs, working with Ben and Len who have done a great job leading our partnerships, in an effort to maximize value for our customers and shareholders as we scale our subscriber base.”

“I am thrilled to be working with David and the entire fuboTV team even more closely going forward,” said Ahn. “Ever since my involvement with fuboTV, which goes back even before I joined the board in 2020, I was impressed by David and his team, who have consistently out-delivered results in the fast growing streaming business. I look forward to working constructively with media companies, other content providers and distribution companies to continue to bring great sports and entertainment programming in an affordable manner to our fuboTV customers.”

Previously, Ahn served as president of content distribution and partnerships for Univision Communications Inc. He joined Univision in 2018 to lead content distribution sales, operations, finance and strategy, specializing in media contract negotiations, business strategy, content licensing, new media strategy and authenticated streaming/video on-demand. He was also responsible for distribution deal execution and relationships with new and existing distributors including multichannel video programming and online video distributors, mobile carriers and electronic sell-through providers.

Prior to joining Univision, Ahn served as a distribution executive for Scripps Networks Interactive (SNI) where he led sales, negotiations, strategic planning and marketing efforts for SNI related to every aspect of content distribution. Previously, he served as executive vice president of TV Networks Distribution at NBCUniversal, where he worked for 17 years.

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.

Cautionary Note Regarding Forward-Looking Statements

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 Annual Report on Form 10-K for the full year ended December 31, 2021 filed with the Securities and Exchange Commission (“SEC”) on March 1, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220325005076/en/

Investors

Alison Sternberg, fuboTV

asternberg@fubo.tv or ir@fubo.tv

Media

Jennifer L. Press, fuboTV

jpress@fubo.tv

Bianca Illion, fuboTV

billion@fubo.tv

Source: fuboTV Inc.

FAQ

Who has been appointed as chief business officer of fuboTV?

Henry Ahn has been appointed as the chief business officer of fuboTV, effective in early April.

What are Henry Ahn's responsibilities at fuboTV?

As chief business officer, Ahn will oversee fuboTV’s content strategy, licensing, and business development.

When did Henry Ahn join fuboTV's board of directors?

Henry Ahn joined fuboTV's board of directors in July 2020.

What companies did Henry Ahn work for before fuboTV?

Before joining fuboTV, Henry Ahn held executive roles at Univision and NBCUniversal.

What is the stock symbol for fuboTV?

The stock symbol for fuboTV is FUBO.