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Play Ball! Fubo Becomes Streaming Leader in Baseball Coverage With MLB.TV Content Partnership
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
FuboTV Inc. (NYSE: FUBO) has announced the addition of MLB.TV to its streaming lineup, launching ahead of Major League Baseball’s Opening Day on March 30, 2023. This new offering, available for $24.99/month, will provide access to every out-of-market MLB game live, along with Fubo’s existing coverage of MLB Network and more. Fubo aims to enhance its sports-first differentiation, claiming the most extensive baseball coverage among streaming platforms. CEO David Gandler emphasized the positive subscriber growth in Q4 2022, attributed to Fubo's premium sports offerings and user experience.
Positive
Addition of MLB.TV enhances Fubo's sports offering.
Strategic partnership expected to attract more subscribers.
Fubo claims leading position in baseball coverage among streaming platforms.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, announced today the forthcoming addition of MLB.TV to its lineup of live baseball coverage. MLB.TV is expected to launch on Fubo in the coming days, ahead of Major League Baseball’s Opening Day on March 30, 2023.
With MLB.TV and its current carriage of MLB Network, MLB Strike Zone, regional sports networks (RSNs), local broadcast networks and national sports networks ESPN and FS1, Fubo will have the most baseball coverage compared to any other streaming platform. In addition to coverage of baseball and other sports, Fubo also streams popular live entertainment and news programming and features more than 40,000 TV shows and movies on-demand each month.
Fubo customers will be able to add MLB.TV to their existing channel plan for $24.99/month. MLB.TV offers every out of market MLB game live. Customers will also be able to stream games on demand via Fubo’s Lookback feature.
“With today's MLB.TV partnership, Fubo now offers the most baseball coverage of any streaming company, on top of our already leading position for local sports coverage and our robust NFL and college sports packages,” said David Gandler, co-founder and CEO, Fubo. “Customers continue to vote for Fubo - we added more net subscribers in Q4 2022 compared to our peers in the space who reported - because of our sports-first differentiation delivered through a premium user experience. We are more confident than ever in our market position and believe that consumers will continue to choose Fubo as we head into baseball season.”
“As a pioneer in sports streaming and the home of streaming baseball, MLB.TV has always focused on delivering world-class viewing experiences for baseball fans,” said Kenny Gersh, EVP, media and business development, MLB. “We're excited to partner with Fubo to expand the reach of MLB.TV and bring all the action from across Major League Baseball to Fubo subscribers this season.”
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 175 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 of up to four live channels (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.
This press release contains forward-looking statements of FuboTV Inc. (“Fubo”) 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, partnerships, market opportunity, our financial condition, our anticipated financial performance, and our expectations regarding profitability. 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 Fubo 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 Fubo’s access to capital and fundraising prospects to fund its ongoing operations and support its planned growth; risks related to diverting management’s attention from Fubo’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 the prior operation and dissolution of our wagering business; 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-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission (“SEC”) on February 27, 2023, 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 Fubo’s views as of the date of this press release. Fubo 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 Fubo’s views as of any date subsequent to the date of this press release.
FuboTV has announced the addition of MLB.TV to its streaming lineup, launching before MLB's Opening Day on March 30, 2023.
How much does MLB.TV cost on Fubo?
MLB.TV will be available on Fubo for $24.99 per month.
What sports coverage does FuboTV provide?
FuboTV provides extensive coverage including MLB games, NFL, college sports, and more, claiming the most baseball coverage compared to other streaming platforms.
What was FuboTV's performance in Q4 2022?
FuboTV added more net subscribers in Q4 2022 compared to its peers, indicating strong user growth.
