Sky invests in fuboTV
This is a discussion on Sky invests in fuboTV within the Sky news and announcements forums, part of the SkyUser Announcements category; https://corporate.sky.com/media-cent...ests-in-fubotv Sky has invested $6 million in fuboTV, a U.S.-based video streaming service that provides subscribers with a premium, over-the-top ...
- 10-03-16, 01:59 PM #1
Sky invests in fuboTV
Sky has invested $6 million in fuboTV, a U.S.-based video streaming service that provides subscribers with a premium, over-the-top bundle of sports TV channels. This is part of fuboTV’s Series B round of funding and is the latest in a series of strategic Sky investments in innovative start-up companies.
Launched in January 2015, fuboTV has quickly become the second-largest aggregator and distributor of linear OTT sports content in the U.S., growing to more than 40,000 subscribers to date. The service provides access to video content in English, Spanish and Portuguese via a range of platforms, including via www.fubo.tv as well as Roku, Chromecast, Apple TV and via iOS and Android devices.
The company has secured U.S. distribution deals with TV channels that hold rights to major worldwide sporting events, including live football matches from more than half of the leading international leagues and tournaments. This includes Univision Networks, beIN SPORTS, GolTV and Benfica TV.
This partnership follows recent Sky investments in sports marketing company InCrowd Sports, programmatic advertising company DataXu and OTT video company TV4 Entertainment. Sky has previously invested in a number of other pioneering U.S. technology companies, including the leading online sports network Whistle Sports, IP streaming service provider Roku and cinematic virtual reality company Jaunt.
Emma Lloyd, Director of Corporate Development & Strategic Investments at Sky, commented: “We’re excited to be investing in fuboTV, at a time when our customers are looking to consume more and more content, whenever and wherever they are. This investment will provide Sky with real insight, and we look forward to working with the fuboTV team as they continue to explore new opportunities for growth.”
“The support from Europe’s leading entertainment company strongly positions fuboTV to meet the demands of the ever evolving sports rights ecosystem,” said David Gandler, co-founder and CEO of fuboTV. “The investment from Sky demonstrates our potential to become leaders among linear OTT services.”
- 10-03-16, 02:16 PM #2
Re: Sky invests in fuboTV
Investing in this I can only assume will reduce some of Sky's sports rights, having it via a service like this rather than on a direct channel.
Certainly welcome having access to BeIn sports content.