Days after ESPN launched its new streaming service ESPN+, FuboTV, a three-year old streaming TV service for sports fans, is announcing the close of $75 million in Series D funding. The round included new investor AMC Networks and existing investors 21st Century Fox, Luminari Capital, Northzone, Sky, and Scripps Networks Interactive, which was recently acquired by Discovery, Inc.
FuboTV has been working to carve out a niche for itself in the streaming TV market, where a number of competitors are delivering television programming to cord cutters by way of the internet.
While many streaming TV services offer some sports content in their base packages, or sell additional access through add-ons, FuboTV’s core focus has been on serving the sports fan.
The service provides access to live games from the NBA, NHL, UFC, and football, including matches from Bundesliga, EPL, La Liga to Liga MX, MLS, FIFA World Cup qualifiers, and UEFA Champions League matches.
FuboTV’s basic package with 70-plus channels, Fubo Premier, is $19.99 for the first month, which then becomes $44.99 per month after. The streaming service doesn’t just generate revenue from subscriptions, however, and also sells advertising.
Since the last funding round ten months ago, the company has streamed its first MLB All Star Game, Playoffs and World Series; Tour de France; NFL regular season, playoffs and Super Bowl; college football; and the Winter Olympic Games. And it has exited beta on Apple TV, Chromecast, Roku, iOS and Android; revamped its user interface; and debuted new features like “Lookback” and “Startover.”
The lineup it offers has begun to broaden beyond sports in recent months, as well.
While it has added several new sports additions in the last ten months, it has added entertainment networks, too–including those from its strategic investors. These include AMC, BBC AMERICA, CBS, CBS Sports Network, CBSN, Food Network, FUSION TV, HGTV, IFC, MSG, MSG+, NESN, NFL Network, Pac-12 Network, Pop, SNY, SundanceTV, The Olympic Channel, Travel Channel and WE tv.
Combined, FuboTV offers viewers more than 30,000 sporting events per year and 10,000 plus titles in its video-on-demand library.
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