Fubo Launches Standalone Premium Subscription Services - No Base Channel Plan Necessary
22 Octubre 2024 - 8:00AM
Business Wire
Company Offers Paramount+ With Showtime, NBA
League Pass and FanDuel Sports Network (formerly Bally Sports
Network) as Standalones in Addition to Current Package
Options
More Standalone Subscription Offerings to
Come as Live TV Streaming Platform Aims to Be a Super Aggregator
with Flexible Content Bundles at Multiple Price Points
FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), the leading sports-first
live TV streaming platform, announced today the launch of
standalone premium subscription services, enabling consumers to
subscribe to select live and on demand content without a base Fubo
channel plan.
FanDuel Sports Network (formerly Bally Sports Network; currently
live on Fubo in select markets with more to follow), NBA League
Pass and Paramount+ With Showtime are the first networks offered to
customers as standalone subscriptions. These networks continue to
be available in Fubo’s Pro base plan (FanDuel Sports Network) or as
add-on channel packages (NBA League Pass, Paramount+ With
Showtime). Subscribers to these standalone packages will also
receive Fubo Free, a robust collection of nearly 200 free
ad-supported streaming television (FAST) channels.
The launch of standalone services is a key component of Fubo’s
Super Aggregation strategy, where it aims to offer flexible content
bundles, from skinny to fat, at different price points, all within
the Fubo ecosystem. With the growing consumer outcry for a
frictionless streaming experience, Fubo will now offer three
different channel plan tiers:
- Fubo Free: A foundational free tier of FAST channels
available to former Fubo paid and free trial subscribers as well as
to subscribers of premium subscription services.
- Premium Subscription Services: These services, which
include both live linear and SVOD, can be purchased as standalones
and do not require the purchase of the main Fubo product. Fubo is
also exploring the launch of other content offerings such as
pay-per-view (PPV), transactional video on demand (TVOD) and skinny
bundles.
- Virtual MVPD: Fubo continues to offer its signature
vMVPD channel plans that aggregate the best in live sports, news
and entertainment alongside a robust VOD offering.
Fubo customers who subscribe to live linear subscription
services will also receive Unlimited Cloud DVR and the ability to
stream from multiple screens simultaneously.
“Consumers want flexible streaming options that lets them
subscribe to only the content they want to watch,” said David
Gandler, co-founder and CEO, Fubo. “Our vision to be a Super
Aggregator aims to give consumers a seamless way to access all of
the content they love within the Fubo ecosystem and at appropriate
price points. With the addition of standalone live and SVOD premium
subscriptions, we believe offering multiple bundles, from skinny to
fat, will put choice in the hands of our customers. This is what
streaming should be.”
Launches of additional standalone premium subscription services,
both live linear and SVOD, will be announced.
About Fubo
With a global mission to aggregate the best in TV, including
premium sports, news and entertainment content, through a single
app, FuboTV Inc. (d/b/a Fubo) (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 400 live sports, news and entertainment
networks and is the only live TV streaming platform with every
Nielsen-rated sports channel (source: Nielsen Total Viewers, 2023).
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 an intuitive and
personalized streaming experience. It was the first virtual MVPD to
launch 4K streaming and MultiView, which it did years ahead of its
peers, as well as Instant Headlines, a first-of-its-kind AI feature
that generates contextual news topics as they are reported live on
air.
Learn more at https://fubo.tv
Cautionary Note Regarding
Forward-Looking Statements
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, sports programming and live events, and
distribution. 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 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 the following: our ability to achieve or maintain
profitability; risks related to our access to capital and
fundraising prospects to fund our financial operations and support
our planned business growth; our revenue and gross profit are
subject to seasonality; our operating results may fluctuate; our
ability to effectively manage our growth; the long-term nature of
our content commitments; our ability to renew our long-term content
contracts on sufficiently favorable terms; our ability to attract
and retain subscribers; obligations imposed on us through our
agreements with certain distribution partners; we may not be able
to license streaming content or other rights on acceptable terms;
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 the difficulty in measuring key metrics related to our
business; risks related to preparing and forecasting our financial
results; risks related to the highly competitive nature of our
industry; risks related to the potential launch of the joint
venture by Walt Disney Company, Fox Corporation and Warner Brothers
Discovery; risks related to our technology, as well as
cybersecurity and data privacy-related risks; 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. 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 ending June 30, 2024 filed with the Securities and Exchange
Commission (“SEC”) 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.
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Investor Contacts
Ameet Padte, Fubo ameet@fubo.tv
JCIR for Fubo ir@fubo.tv
Media Contacts
Jennifer L. Press, Fubo jpress@fubo.tv
Bianca Illion, Fubo billion@fubo.tv
fuboTV (NYSE:FUBO)
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