The deal comes as both Fubo and Diamond face serious questions about their long-term viability.
Diamond Sports Group’s negotiating team has notched another victory. Diamond has been toiling through bankruptcy proceedings since March 2023, and winning approval for its reorganization plan from creditors will require the company to have carriage deals in place with its most important broadcast partners for its Bally Sports regional sports networks (RSNs). Fubo is one of those partners, and the two sides announced on Wednesday that they had agreed to a new carriage agreement that will keep Bally Sports channels on the live TV streaming service for multiple years to come.
Key Details: Fubo and Diamond have a multi-year carriage agreement, though financial terms were not disclosed. Diamond operates 18 RSNs in various markets and offers NBA, NHL, and MLB regular season games on the channels. Diamond still does not have a new carriage deal with Comcast,...
Diamond Sports Group’s negotiating team has notched another victory. Diamond has been toiling through bankruptcy proceedings since March 2023, and winning approval for its reorganization plan from creditors will require the company to have carriage deals in place with its most important broadcast partners for its Bally Sports regional sports networks (RSNs). Fubo is one of those partners, and the two sides announced on Wednesday that they had agreed to a new carriage agreement that will keep Bally Sports channels on the live TV streaming service for multiple years to come.
Key Details: Fubo and Diamond have a multi-year carriage agreement, though financial terms were not disclosed. Diamond operates 18 RSNs in various markets and offers NBA, NHL, and MLB regular season games on the channels. Diamond still does not have a new carriage deal with Comcast,...
- 5/23/2024
- by David Satin
- The Streamable
While other companies have launched free tiers in recent years, Fubo will initially limit who can watch Fubo Free to those with an existing relationship with the streamer.
In March, Fubo CEO David Gandler made an under-the-radar reference to a forthcoming free tier on his sports-focused live TV streaming service while discussing the company’s 2023 fourth-quarter earnings report. At the time, few details were presented other than that the free streamer would be focused on keeping customers engaged — both in terms of viewing time and revenue — in times when subscribers often leave the service following the football season. However, The Streamable can now confirm that the service will be known as Fubo Free and will be available to consumers in a matter of weeks. However, initially, it will only be available to customers with a previous relationship with Fubo.
Key Details: The Streamable has confirmed that Fubo Free is slated...
In March, Fubo CEO David Gandler made an under-the-radar reference to a forthcoming free tier on his sports-focused live TV streaming service while discussing the company’s 2023 fourth-quarter earnings report. At the time, few details were presented other than that the free streamer would be focused on keeping customers engaged — both in terms of viewing time and revenue — in times when subscribers often leave the service following the football season. However, The Streamable can now confirm that the service will be known as Fubo Free and will be available to consumers in a matter of weeks. However, initially, it will only be available to customers with a previous relationship with Fubo.
Key Details: The Streamable has confirmed that Fubo Free is slated...
- 5/21/2024
- by Matt Tamanini
- The Streamable
The sports-focused joint venture organized by Fox Corporation, the Walt Disney Company’s ESPN and Warner Bros Discovery’s (Wbd) TNT Sports has settled on Venu Sports as the name of a forthcoming streaming service that will include their sports-heavy linear networks.
The name will also be used to describe the joint venture itself, which is operating through a subsidiary of Fox called Rookie Enterprises, according to California state records reviewed by The Desk. The media industry affectionately dubbed the service “Spulu,” a portmanteau of the words “sports” and Hulu,” and The Desk previously reported the name “Hulu Sports” was on a short list for consideration.
“We are excited to officially introduce Venu Sports, a brand that we feel captures the spirit of an all-new streaming home where sports fans outside the traditional pay TV ecosystem can experience an incredible collection of live sports, all in one place,” Pete Distad,...
The name will also be used to describe the joint venture itself, which is operating through a subsidiary of Fox called Rookie Enterprises, according to California state records reviewed by The Desk. The media industry affectionately dubbed the service “Spulu,” a portmanteau of the words “sports” and Hulu,” and The Desk previously reported the name “Hulu Sports” was on a short list for consideration.
“We are excited to officially introduce Venu Sports, a brand that we feel captures the spirit of an all-new streaming home where sports fans outside the traditional pay TV ecosystem can experience an incredible collection of live sports, all in one place,” Pete Distad,...
- 5/16/2024
- by Matthew Keys
- The Desk
Fubo is all in on efforts to bring down the Jv streamer from Disney, Fox and Warner Bros. Discovery. But its existential problems are already much larger.
The gauntlet has been thrown down. Fubo is a sports-centric live TV streamer on a mission these days and that mission is to try to prevent the unnamed joint venture sports streaming service from Disney, Fox, and Warner Bros. Discovery from launching this fall. Fubo is convinced that if the streamer makes it to consumers, it will sap so many viewers from virtual multi-channel video programming distributors (vMVPDS), another term for live TV streamers, that they’ll eventually be forced out of the marketplace. To prevent that from happening, Fubo has filed a lawsuit alleging the platform violates antitrust laws, and its CEO David Gandler has not missed an opportunity to condemn the practices of the companies involved in the Jv, colloquially nicknamed “Spulu.
The gauntlet has been thrown down. Fubo is a sports-centric live TV streamer on a mission these days and that mission is to try to prevent the unnamed joint venture sports streaming service from Disney, Fox, and Warner Bros. Discovery from launching this fall. Fubo is convinced that if the streamer makes it to consumers, it will sap so many viewers from virtual multi-channel video programming distributors (vMVPDS), another term for live TV streamers, that they’ll eventually be forced out of the marketplace. To prevent that from happening, Fubo has filed a lawsuit alleging the platform violates antitrust laws, and its CEO David Gandler has not missed an opportunity to condemn the practices of the companies involved in the Jv, colloquially nicknamed “Spulu.
- 5/10/2024
- by David Satin
- The Streamable
Fubo’s new “Instant Headlines” feature uses AI to create news clips from programming aired on channels like NewsNation and MSNBC. (Courtesy image)
Fubo saw its customer base shrink to 1.51 million paid customers in North America during the first three months of the year, reflecting a loss of 100,000 accounts as customers churn out for other streaming options.
The sports-heavy streaming service offers comparatively less live events from top-tier franchises like the National Basketball Association (NBA) and the National Hockey League (NHL) during Q1 and Q2 due to its lack of carriage of Warner Bros Discovery (Wbd) channels — namely, TBS, TNT and Tru TV — which offer some games from those sports organizations.
Instead, Fubo primarily markets the live sports programming carried on the four broadcast networks, ESPN, Fox Sports 1 and its regional sports channels. NFL games are a large driver of subscribers during the second half of the year, and...
Fubo saw its customer base shrink to 1.51 million paid customers in North America during the first three months of the year, reflecting a loss of 100,000 accounts as customers churn out for other streaming options.
The sports-heavy streaming service offers comparatively less live events from top-tier franchises like the National Basketball Association (NBA) and the National Hockey League (NHL) during Q1 and Q2 due to its lack of carriage of Warner Bros Discovery (Wbd) channels — namely, TBS, TNT and Tru TV — which offer some games from those sports organizations.
Instead, Fubo primarily markets the live sports programming carried on the four broadcast networks, ESPN, Fox Sports 1 and its regional sports channels. NFL games are a large driver of subscribers during the second half of the year, and...
- 5/3/2024
- by Matthew Keys
- The Desk
The company’s financial numbers are steadily improving as Fubo continues to work toward profitability.
The sports-focused live TV streaming service Fubo is currently fighting a battle on multiple fronts. Not only is it engaged in efforts to prevent three major entertainment companies from launching a product that could present an existential threat to its existence, but it is also combating the normal cyclical ups and downs of the streaming calendar. While the service will need to wait and see how the legal process plays out with the former point, the latter appears to be going about as well as can be expected. On Friday, Fubo reported that it lost 107,000 North American customers during the first quarter of 2024, but given that the beginning of a new year means the end of the college football and NFL seasons, that is to be expected. In fact, by ending March with a reported 1.511 million subscribers,...
The sports-focused live TV streaming service Fubo is currently fighting a battle on multiple fronts. Not only is it engaged in efforts to prevent three major entertainment companies from launching a product that could present an existential threat to its existence, but it is also combating the normal cyclical ups and downs of the streaming calendar. While the service will need to wait and see how the legal process plays out with the former point, the latter appears to be going about as well as can be expected. On Friday, Fubo reported that it lost 107,000 North American customers during the first quarter of 2024, but given that the beginning of a new year means the end of the college football and NFL seasons, that is to be expected. In fact, by ending March with a reported 1.511 million subscribers,...
- 5/3/2024
- by Matt Tamanini
- The Streamable
The sports streaming platform FuboTV — which is battling to stop a rival Disney, Warners and Fox sports streaming joint venture in the works — reported it ended the first quarter with 1.51 million paid subscribers in North America, down from 1.61 million at the end of the fourth quarter of 2023.
The streamer, led by CEO David Gandler, said live sports tend to be lighter in the first quarter, compared with offerings in the back half of the year like college football and NFL seasons and the second half of the MLB season. Parent Fubo, unveiling its latest earnings Friday, shrunk its first-quarter loss attributable to shareholders to $56.1 million, against a year-earlier $83.6 million, as revenue grew 24 percent to $394 million.
The loss per share was 19 cents, compared to a per-share loss of 37 cents in the first quarter of 2023. Subscription revenue came to $373.7 million, compared to a year-earlier $300.8 million, while advertising revenue at $27.4 million rose from $22.7 million in the prior year.
The streamer, led by CEO David Gandler, said live sports tend to be lighter in the first quarter, compared with offerings in the back half of the year like college football and NFL seasons and the second half of the MLB season. Parent Fubo, unveiling its latest earnings Friday, shrunk its first-quarter loss attributable to shareholders to $56.1 million, against a year-earlier $83.6 million, as revenue grew 24 percent to $394 million.
The loss per share was 19 cents, compared to a per-share loss of 37 cents in the first quarter of 2023. Subscription revenue came to $373.7 million, compared to a year-earlier $300.8 million, while advertising revenue at $27.4 million rose from $22.7 million in the prior year.
- 5/3/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
The logo of Fubo TV appears on the marquee outside the Times Square studios of ABC television in New York City.
Fubo is urging federal lawmakers to hold another Congressional hearing on the state of the pay television industry, with a request that they pay specific attention to a forthcoming sports-inclusive streaming service being launched by two of its programming partners.
In a letter sent to several House and Senate lawmakers on Thursday, Fubo reiterated its position that the streaming service being developed by Fox Corporation, the Walt Disney Company’s ESPN and Warner Bros Discovery (Wbd) had the potential to further solidify the broadcasters’ market dominance with respect to live sports programming and harm consumers by creating an eventual scenario where they had fewer choices to access their favorite team’s games.
Earlier this year, the broadcasters announced they were forming a joint venture that would aim to launch...
Fubo is urging federal lawmakers to hold another Congressional hearing on the state of the pay television industry, with a request that they pay specific attention to a forthcoming sports-inclusive streaming service being launched by two of its programming partners.
In a letter sent to several House and Senate lawmakers on Thursday, Fubo reiterated its position that the streaming service being developed by Fox Corporation, the Walt Disney Company’s ESPN and Warner Bros Discovery (Wbd) had the potential to further solidify the broadcasters’ market dominance with respect to live sports programming and harm consumers by creating an eventual scenario where they had fewer choices to access their favorite team’s games.
Earlier this year, the broadcasters announced they were forming a joint venture that would aim to launch...
- 5/2/2024
- by Matthew Keys
- The Desk
The live TV streamer is desperate to stop a joint venture streamer from Wbd, Disney and Fox, and its statement regarding the carriage dispute reflects it.
If things weren’t already contentious between Fubo and Warner Bros. Discovery, that long-simmering feud is preparing to be ramped up even higher than ever before. On Tuesday night, Wbd pulled 19 of its cable channels from Fubo’s platform after the two sides failed to reach a new carriage deal. However, this is no ordinary carriage dispute, as a fire-breathing press release from Fubo makes clear. The discontent between the two sides has been at the forefront of their relationship since 2020 when another carriage deal left the sports-focused live TV streaming service without two of cable’s biggest sports channels and continues today with Fubo’s objection to a joint venture sports streaming platform that Wbd, Disney, and Fox are preparing to launch.
Key...
If things weren’t already contentious between Fubo and Warner Bros. Discovery, that long-simmering feud is preparing to be ramped up even higher than ever before. On Tuesday night, Wbd pulled 19 of its cable channels from Fubo’s platform after the two sides failed to reach a new carriage deal. However, this is no ordinary carriage dispute, as a fire-breathing press release from Fubo makes clear. The discontent between the two sides has been at the forefront of their relationship since 2020 when another carriage deal left the sports-focused live TV streaming service without two of cable’s biggest sports channels and continues today with Fubo’s objection to a joint venture sports streaming platform that Wbd, Disney, and Fox are preparing to launch.
Key...
- 5/1/2024
- by David Satin
- The Streamable
Fubo is attempting to prevent the three companies from launching what it calls an anti-competitive sports streaming platform.
With just a handful of months remaining until Disney, Fox, and Warner Bros. Discovery’s joint streaming service is scheduled to launch, Fubo has finally gotten an official timetable for how and when its lawsuit against the three companies will play out. In late February, Fubo first filed suit against these outlets in order to try and prevent them from creating a new joint venture sports streaming platform that could be a formidable competitor for Fubo and other sports-centric streamers. Now, the judge presiding over Fubo’s case has set a date of Aug. 7 to hear arguments regarding a preliminary injunction that could prevent the Jv from launching as scheduled.
Fubo alleges that the Jv streamer will be anti-competitive and could violate anti-trust laws. Disney, Fox, and Wbd have all filed motions to dismiss the suit.
With just a handful of months remaining until Disney, Fox, and Warner Bros. Discovery’s joint streaming service is scheduled to launch, Fubo has finally gotten an official timetable for how and when its lawsuit against the three companies will play out. In late February, Fubo first filed suit against these outlets in order to try and prevent them from creating a new joint venture sports streaming platform that could be a formidable competitor for Fubo and other sports-centric streamers. Now, the judge presiding over Fubo’s case has set a date of Aug. 7 to hear arguments regarding a preliminary injunction that could prevent the Jv from launching as scheduled.
Fubo alleges that the Jv streamer will be anti-competitive and could violate anti-trust laws. Disney, Fox, and Wbd have all filed motions to dismiss the suit.
- 4/22/2024
- by David Satin
- The Streamable
Live TV streaming operators are growing increasingly concerned about the new joint venture sports streamer from the three companies.
Disney, Fox, and Warner Bros. Discovery may have unintentionally kicked a hornet’s nest. The three companies have been hard at work trying to ready their still-unnamed joint venture sports streaming platform since February, but for nearly all of that time, they’ve had to contend with an antitrust lawsuit brought by Fubo> to try and quash the nascent service before it reaches consumers. A report from The Wrap indicates that this week, Fubo’s case got some extra help in the form of written statements of support from the two largest satellite TV companies in the United States, Directv and Dish.
Directv chief content officer Rob Thun said his company had “grave concerns” about the new streamer. Dish’s letter in support of Fubo was sealed by a federal court,...
Disney, Fox, and Warner Bros. Discovery may have unintentionally kicked a hornet’s nest. The three companies have been hard at work trying to ready their still-unnamed joint venture sports streaming platform since February, but for nearly all of that time, they’ve had to contend with an antitrust lawsuit brought by Fubo> to try and quash the nascent service before it reaches consumers. A report from The Wrap indicates that this week, Fubo’s case got some extra help in the form of written statements of support from the two largest satellite TV companies in the United States, Directv and Dish.
Directv chief content officer Rob Thun said his company had “grave concerns” about the new streamer. Dish’s letter in support of Fubo was sealed by a federal court,...
- 4/12/2024
- by David Satin
- The Streamable
Speaking with CNBC this week, Disney chair Bob Iger said that his company, Fox and Warner Bros. Discovery have confidence they’ll beat Fubo’s lawsuit.
It’s nearly two months to the day since Disney, Fox, and Warner Bros. Discovery announced that a seismic shift in the world of sports broadcasting was coming. The three companies are planning to combine all of their live sports rights onto a new streaming platform that has a targeted launch date of fall 2024, but imposing hurdles like a Department of Justice antitrust review and a lawsuit from Fubo stand in its way. Despite those potential roadblocks, the tone struck by Disney CEO Bob Iger this week can best be described as unconcerned, as the executive seems to believe that the three companies do not have much to fear in terms of getting their new platform to market.
Speaking with CNBC this week, Iger...
It’s nearly two months to the day since Disney, Fox, and Warner Bros. Discovery announced that a seismic shift in the world of sports broadcasting was coming. The three companies are planning to combine all of their live sports rights onto a new streaming platform that has a targeted launch date of fall 2024, but imposing hurdles like a Department of Justice antitrust review and a lawsuit from Fubo stand in its way. Despite those potential roadblocks, the tone struck by Disney CEO Bob Iger this week can best be described as unconcerned, as the executive seems to believe that the three companies do not have much to fear in terms of getting their new platform to market.
Speaking with CNBC this week, Iger...
- 4/5/2024
- by David Satin
- The Streamable
The league’s chief media officer Brian Rolapp says he has a hard time envisioning the ultimate success of a platform with only half of NFL games.
Is the NFL warming to the idea of Disney, Fox, and Warner Bros. Discovery’s joint venture streaming platform? The league’s chief media and business officer Brian Rolapp spoke during this week’s NFL owners meeting in Florida and had the chance to share the league’s thoughts about the platform with the media. The executive expressed both skepticism and encouragement to the three companies, suggesting the league is still leery of the platform, but is also unwilling to alienate two of its most important broadcast partners with precipitate public comments.
Rolapp said he has a hard time seeing the value in a streaming platform that only offers half of football games. He also praised the streamer as a new attempt to...
Is the NFL warming to the idea of Disney, Fox, and Warner Bros. Discovery’s joint venture streaming platform? The league’s chief media and business officer Brian Rolapp spoke during this week’s NFL owners meeting in Florida and had the chance to share the league’s thoughts about the platform with the media. The executive expressed both skepticism and encouragement to the three companies, suggesting the league is still leery of the platform, but is also unwilling to alienate two of its most important broadcast partners with precipitate public comments.
Rolapp said he has a hard time seeing the value in a streaming platform that only offers half of football games. He also praised the streamer as a new attempt to...
- 3/28/2024
- by David Satin
- The Streamable
This week, Fubo CEO David Gandler renewed his steady stream of vitriol against the joint venture streaming service from Disney, Fox and Warner Bros. Discovery.
Fubo CEO David Gandler wants to ensure that there is no room for interpretation of his feelings about the joint venture sports streaming service from Disney, Fox, and Warner Bros. Discovery. As if his company’s antitrust lawsuit against the three companies over their forthcoming sports-focused streaming joint venture wouldn’t be enough of an indicator, the long-time streaming executive has been taking every opportunity to go on the offensive against what he believes are anticompetitive practices by some of the media’s heaviest hitters. From calling the new Jv a “cartel” to accusing Disney, Fox, and Wbd from overcharging Fubo by 30% to 50%, as is his wont, Gandler is leaving no punches pulled.
Gandler said that Fubo is being overcharged by huge margins for top channels,...
Fubo CEO David Gandler wants to ensure that there is no room for interpretation of his feelings about the joint venture sports streaming service from Disney, Fox, and Warner Bros. Discovery. As if his company’s antitrust lawsuit against the three companies over their forthcoming sports-focused streaming joint venture wouldn’t be enough of an indicator, the long-time streaming executive has been taking every opportunity to go on the offensive against what he believes are anticompetitive practices by some of the media’s heaviest hitters. From calling the new Jv a “cartel” to accusing Disney, Fox, and Wbd from overcharging Fubo by 30% to 50%, as is his wont, Gandler is leaving no punches pulled.
Gandler said that Fubo is being overcharged by huge margins for top channels,...
- 3/26/2024
- by David Satin
- The Streamable
The logo of Fubo TV appears on the marquee outside the Times Square studios of ABC television in New York City.
The chief executive of sports-focused pay television provider Fuo has accused two of his programming partners of bilking the streaming service for access to their channels.
In an interview published by Sports Pro Media on Monday, Fubo CEO David Gandler said Fox Corporation and the Walt Disney Company were overcharging the service “30 to 50 percent” in order to access sports-inclusive channels like the Fox and ABC broadcast networks, Fox Sports 1 and ESPN.
“We’re dealing with complexities around packaging,” Gandler said in the interview. “We’re forced to take on content that we don’t want in order to access ‘must have’ programming.”
Gandler and Fubo have taken exception to plans laid out by Fox, Disney and a former programming partner, Warner Bros Discovery (Wbd), which have joined forces...
The chief executive of sports-focused pay television provider Fuo has accused two of his programming partners of bilking the streaming service for access to their channels.
In an interview published by Sports Pro Media on Monday, Fubo CEO David Gandler said Fox Corporation and the Walt Disney Company were overcharging the service “30 to 50 percent” in order to access sports-inclusive channels like the Fox and ABC broadcast networks, Fox Sports 1 and ESPN.
“We’re dealing with complexities around packaging,” Gandler said in the interview. “We’re forced to take on content that we don’t want in order to access ‘must have’ programming.”
Gandler and Fubo have taken exception to plans laid out by Fox, Disney and a former programming partner, Warner Bros Discovery (Wbd), which have joined forces...
- 3/26/2024
- by Matthew Keys
- The Desk
Fubo Chief Product Officer Mike Berkley. (Photo via social media)
After more than three decades working in technology, Mike Berkley is ready to retire.
Berkley announced his decision in a video posted to a social media platform, during which he reflected on his 30 years in the technology field, including his development of Avid’s Pro Tools audio production software.
“Every single job I’ve had has been focused on technology’s impact on media,” Berkley said in the video. “The last 30 years have been a wild ride in the media industry. If you think about it, every aspect of content has been transformed, whether it’s the content formats or production or distribution or the business models of content, it’s all been upended by technology in the last 30 years, and I’d say it’s even more wild to think I may have personally played a small part in these dramatic transformations.
After more than three decades working in technology, Mike Berkley is ready to retire.
Berkley announced his decision in a video posted to a social media platform, during which he reflected on his 30 years in the technology field, including his development of Avid’s Pro Tools audio production software.
“Every single job I’ve had has been focused on technology’s impact on media,” Berkley said in the video. “The last 30 years have been a wild ride in the media industry. If you think about it, every aspect of content has been transformed, whether it’s the content formats or production or distribution or the business models of content, it’s all been upended by technology in the last 30 years, and I’d say it’s even more wild to think I may have personally played a small part in these dramatic transformations.
- 3/12/2024
- by Matthew Keys
- The Desk
According to market analysts and legal experts, Fubo may not have much of a leg to stand on in court.
From one perspective, Fubo’s lawsuit against the joint venture sports streaming service under construction by Disney, Fox, and Warner Bros. Discovery makes all the sense in the world. The live TV streaming service is fighting for its life, and it knows full well what a threat the forthcoming sports streamer would be to its customer base. However, according to some market analysts and legal experts, the suit may not have much of a chance once the arguments in court begin.
Fubo’s suit alleges that the Jv sports streamer constitutes a threat to customers through decreased competition and higher prices. The streamer also claims that Disney, Fox, and Wbd blocked it from launching a similar service through bundling agreements, then stole its idea. Such agreements are common practice in the industry,...
From one perspective, Fubo’s lawsuit against the joint venture sports streaming service under construction by Disney, Fox, and Warner Bros. Discovery makes all the sense in the world. The live TV streaming service is fighting for its life, and it knows full well what a threat the forthcoming sports streamer would be to its customer base. However, according to some market analysts and legal experts, the suit may not have much of a chance once the arguments in court begin.
Fubo’s suit alleges that the Jv sports streamer constitutes a threat to customers through decreased competition and higher prices. The streamer also claims that Disney, Fox, and Wbd blocked it from launching a similar service through bundling agreements, then stole its idea. Such agreements are common practice in the industry,...
- 2/23/2024
- by David Satin
- The Streamable
Fubo co-founder and CEO David Gandler has called the forthcoming sports streaming service a “sports cartel” and “sports racketeering.”
When Disney, Fox, and Warner Bros. Discovery announced earlier this month that they were coming together to launch an unprecedented sports-focused streaming service, everyone across the sports and entertainment spheres was in a bit of shock. While bundling has certainly been an increasingly important aspect of the industry recently, the fact that three of the world’s largest media companies have joined forces to unite the majority of the country’s major domestic sports rights has quickly become an inflection point for many in sports and streaming. Chief amongst those opposed to the move is the sports-focused live TV streaming service Fubo and the company’s co-founder and CEO David Gandler.
Key Points: Fubo claims that it has been the victim of a coordinated campaign to harm its business for years.
When Disney, Fox, and Warner Bros. Discovery announced earlier this month that they were coming together to launch an unprecedented sports-focused streaming service, everyone across the sports and entertainment spheres was in a bit of shock. While bundling has certainly been an increasingly important aspect of the industry recently, the fact that three of the world’s largest media companies have joined forces to unite the majority of the country’s major domestic sports rights has quickly become an inflection point for many in sports and streaming. Chief amongst those opposed to the move is the sports-focused live TV streaming service Fubo and the company’s co-founder and CEO David Gandler.
Key Points: Fubo claims that it has been the victim of a coordinated campaign to harm its business for years.
- 2/22/2024
- by Matt Tamanini
- The Streamable
The media giants teaming up on a new platform that will pool together sports streaming rights are facing an antitrust lawsuit from rival sports streamer Fubo, which alleges that it’s being forced to carry dozens of pricey, non-sports channels as a condition of licensing sports rights from the companies in an anticompetitive scheme to stifle competition.
The lawsuit filed in New York federal court on Tuesday under seal names The Walt Disney Co., Fox Corp. and Warner Bros. Discovery and seeks to block the joint venture.
The untitled streaming platform, announced on Feb. 6 and scheduled to launch this fall, will offer live linear channels like ESPN, Fox, ABC, TNT and TBS, as well as games and other sports rights from all three companies on a nonexclusive basis. It will be offered directly to consumers but also as a bundle with Wbd’s Max, Disney’s ESPN+ and Hulu.
The...
The lawsuit filed in New York federal court on Tuesday under seal names The Walt Disney Co., Fox Corp. and Warner Bros. Discovery and seeks to block the joint venture.
The untitled streaming platform, announced on Feb. 6 and scheduled to launch this fall, will offer live linear channels like ESPN, Fox, ABC, TNT and TBS, as well as games and other sports rights from all three companies on a nonexclusive basis. It will be offered directly to consumers but also as a bundle with Wbd’s Max, Disney’s ESPN+ and Hulu.
The...
- 2/20/2024
- by Winston Cho
- The Hollywood Reporter - Movie News
Comcast may be crowing about the audience for its Peacock-exclusive NFL Wild Card game, but the stunt appears to have infuriated its competitors. Speaking today at the Needham Growth Conference, Fubo CEO David Gandler was asked about the Peacock game and said, “I’m horrified.”
7-Day Free Trial $91.99+ / month fubo.tv
Fubo pays to air NBC, presumably with the understanding that that deal would include the rights to any NBC NFL games. When Comcast yanked a playoff game to promote its streamer, its broadcast partners had to be seeing red. But Gandler said the tactic isn’t just frustrating for businesses. “When I think about the Peacock situation from a consumer perspective, it’s sad to see,” Gandler said.
The CEO took the complaint a step further, suggesting the FTC needs to look into the issue as a matter of consumer protection. “People are paying for much of the same content several times,...
7-Day Free Trial $91.99+ / month fubo.tv
Fubo pays to air NBC, presumably with the understanding that that deal would include the rights to any NBC NFL games. When Comcast yanked a playoff game to promote its streamer, its broadcast partners had to be seeing red. But Gandler said the tactic isn’t just frustrating for businesses. “When I think about the Peacock situation from a consumer perspective, it’s sad to see,” Gandler said.
The CEO took the complaint a step further, suggesting the FTC needs to look into the issue as a matter of consumer protection. “People are paying for much of the same content several times,...
- 1/17/2024
- by Ben Bowman
- The Streamable
Thanks to the return of college and professional football, Fubo had an expectation-beating quarter.
The start of football season is always good news for Fubo. The streamer can usually count on a subscriber bump in late August/early September, but this year’s was bigger than even Fubo’s projections hoped it would be heading into the beginning of fall sports.
Fubo now has 1.477 million subscribers, up from 1.167M last quarter. The company hit a record $83.51 in average revenue per user (Arpu) during the quarter. CEO David Gandler says the streamer wants to be a “super aggregator” going forward. 1-Day Free Trial $84.99+ / month fubo.tv What Were Fubo’s Top Numbers from Its Earnings Report?
Fubo shared its third-quarter earnings report with the public on Friday, Nov. 3. As part of the report, Fubo revealed that it had risen to 1.477M users, an increase of 300,00 over last quarter when the [live TV streamer] said that it had 1.167M customers.
The start of football season is always good news for Fubo. The streamer can usually count on a subscriber bump in late August/early September, but this year’s was bigger than even Fubo’s projections hoped it would be heading into the beginning of fall sports.
Fubo now has 1.477 million subscribers, up from 1.167M last quarter. The company hit a record $83.51 in average revenue per user (Arpu) during the quarter. CEO David Gandler says the streamer wants to be a “super aggregator” going forward. 1-Day Free Trial $84.99+ / month fubo.tv What Were Fubo’s Top Numbers from Its Earnings Report?
Fubo shared its third-quarter earnings report with the public on Friday, Nov. 3. As part of the report, Fubo revealed that it had risen to 1.477M users, an increase of 300,00 over last quarter when the [live TV streamer] said that it had 1.167M customers.
- 11/3/2023
- by The Streamable
- The Streamable
Streaming platform FuboTV reported 1.477 million paid subscribers in North America for the third quarter, an all-time high for the company and above the midpoint of its subscriber guidance of 1.337 million.
North American revenue reached $313 million, 43 percent above the prior year, and above the midpoint of the company’s guidance of $275 million.
Ad revenue in North America reached $30.3 million, up 34 percent year-over-year, and average revenue per user in the region grew 17 percent year-over-year to reach a high of $83.51.
This comes as the company and the back half of the year features a “sports heavy” lineup, including college football and NFL seasons as well as the second half of the MLB season, which executives argue the company is well-positioned to deliver.
“Importantly, we believe our results reflect the growing appeal of our aggregated and curated sports-centric offering, the discoverability and navigability of our platform and our compelling value proposition. We also believe...
North American revenue reached $313 million, 43 percent above the prior year, and above the midpoint of the company’s guidance of $275 million.
Ad revenue in North America reached $30.3 million, up 34 percent year-over-year, and average revenue per user in the region grew 17 percent year-over-year to reach a high of $83.51.
This comes as the company and the back half of the year features a “sports heavy” lineup, including college football and NFL seasons as well as the second half of the MLB season, which executives argue the company is well-positioned to deliver.
“Importantly, we believe our results reflect the growing appeal of our aggregated and curated sports-centric offering, the discoverability and navigability of our platform and our compelling value proposition. We also believe...
- 11/3/2023
- by Caitlin Huston
- The Hollywood Reporter - Movie News
The process of adding live sports to Warner Bros. Discovery’s streaming service Max has been a slow and purposeful rollout. There have been lots of teases and hints from Wbd officials, but it wasn’t until Tuesday that the company finally revealed its plans for making sporting events from the NBA, NHL, MLB and much more available on the streamer.
Max will officially add the Bleacher Report Sports add-on on Oct. 5, just in time for the start of postseason baseball coverage on the Turner Networks TNT and TBS. Every sporting event airing on those channels (as well as truTV) this fall and winter will be offered via the B/R Sports add-on at no extra charge. Max won’t begin asking customers to pay for more live sports until February.
7-Day Free Trial $9.99+ / month Max via amazon.com
Get 20% Off Your Next Year of Max When Pre-Paid Annually
Sadly for Fubo customers,...
Max will officially add the Bleacher Report Sports add-on on Oct. 5, just in time for the start of postseason baseball coverage on the Turner Networks TNT and TBS. Every sporting event airing on those channels (as well as truTV) this fall and winter will be offered via the B/R Sports add-on at no extra charge. Max won’t begin asking customers to pay for more live sports until February.
7-Day Free Trial $9.99+ / month Max via amazon.com
Get 20% Off Your Next Year of Max When Pre-Paid Annually
Sadly for Fubo customers,...
- 9/20/2023
- by David Satin
- The Streamable
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