INSUBCONTINENT EXCLUSIVE:
Days after Disney-owned ESPN launched its new streaming service, ESPN+, a three-year old streaming TV service for sports fans, fuboTV, 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 the former
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.In terms of
PlayStation Vue is a competitor as well, while CBS runs its own over-the-top streaming TV service with just its content, CBS All
Access.While many streaming TV services offer some sports content in their base packages, or sell additional access through add-ons,
upgrade; a DVR with 500 hours of storage instead of just 30; or the option to add a third stream.Even though the entry-level package is more
than a full subscription to a mainstream service like Sling TV or YouTube TV, fuboTV managed to reach over 100,000 paid subscribers as of
September 2017, and is continuing to see double-digit growth, it says.Since the last funding round ten months ago, the company has streamed
Network, Pop, SNY, SundanceTV, The Olympic Channel, Travel Channel and WE tv.Combined, fuboTV offers viewers over 30,000 sporting events per
year, 10,000+ titles in its video-on-demand library.In addition, fuboTV has been adding broadcast affiliates and now offers Fox in 87
percent of United States households, and NBC and CBS in 72 percent and 68 percent, respectively
fuboTV co-founder and CEO David Gandler
says.With the new investment, fuboTV plans to double its office space and engineers and product team, and open a second headquarters
participated and is a new investor; AMC did not lead the round
