FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), the leading sports-first
live TV streaming platform, issued the following statement
today:
Thousands of Spanish-speaking consumers across the U.S. have
lost access to local news and weather - providing vital information
affecting their communities - as a result of TelevisaUnivision
pulling their programming from Fubo. This unfortunate development
is the result of TelevisaUnivision refusing to offer what we
believe to be fair and competitive rates.
Fubo has made considerable efforts and offered compromises to
renew our long-standing content agreement for TelevisaUnivision and
its affiliated channels. However, TelevisaUnivision presented us
with a new contract with restructured terms that would increase
prices by 25% for our subscribers. Furthermore, TelevisaUnivision’s
unfair bundling and tying practices require Fubo subscribers to buy
all of their channels, including the channels they don’t watch.
TelevisaUnivision, the biggest provider of Spanish language
content in the U.S., is attempting to use its dominant market power
to force Fubo to pay higher prices, resulting in our
Spanish-speaking subscribers paying significantly more to receive
vital local news and weather, as well as sports and popular
entertainment programming, in Spanish. TelevisaUnivision further
abuses our Hispanic customers who love sports: to get all of the
sports content that TelevisaUnivision offers, Fubo subscribers
still have to pay separately for Vix+.
As it is always Fubo’s mission to offer a leading selection of
premium sports, news and entertainment content while also providing
value, we cannot accept TelevisaUnivision’s conditions on behalf of
our customers or our investors.
Fubo remains open to negotiating a new content agreement with
TelevisaUnivision - but it must be fair and equitable for our
subscribers. That includes accessing Spanish-language content in
our Latino plan at a cost that is competitive.
Fubo has always been dedicated to serving the Hispanic community
and we’re proud to offer a robust plan of the most-watched Spanish
language programming for the lowest price, compared to other live
TV streaming platforms. There is still Spanish-language content to
enjoy on Fubo including networks like beIN Sports Español, Canela,
Centroamerica TV, Cine Latino, Cine Sony Television, ESPN Deportes,
Estrella, Estrella News, Euronews Espanol, FILMEX, FOX Deportes,
Fubo Latino, Gol TV Spanish, Nat Geo Mundo, Noticias Telemundo
Ahora, Nuestra Tele, Tastemade en Espanol, Telefe, Telemundo
Acción, Todo Cine, Tr3s, TyC Sports and WAPA.
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
Fubo 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, programming, pricing 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241223267358/en/
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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fuboTV (NYSE:FUBO)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025
