Fubo CEO said company would go bankrupt if Venu Sports launched
The sports-focused streaming service projected revenue losses of as much as $95 million and the possibility of being delisted from the NYSE by the end of the year.
The sports-focused streaming service projected revenue losses of as much as $95 million and the possibility of being delisted from the NYSE by the end of the year.
Fubo says its forthcoming free tier of service will focus on keeping sports fans engaged during the off-season.
Fubo lost 100,000 customers during the first quarter of the year as sports fans churn out at the end of football season.
The figure is around 38 percent lower than Gandler’s cash, stock and benefits compensation earned the prior year.
Fubo CEO David Gandler said Fox and ESPN are overcharging the streaming service by as much as 40 percent for its sports and entertainment channels.
Fubo’s chief product officer Mike Berkley has announced his retirement from the technology industry.
The stock price rose over 14 percent in pre-market trading after Fubo revealed a staggering amount of new subscribers in Q4.
The company is currently fighting two programming partners in court over plans to develop a competing sports-inclusive offering.
Fubo has unveiled a new instant headlines feature that uses machine learning tools to monitor and promote certain news coverage.
Sports-centric streaming service eyes more FAST channel agreements and launching new AI-driven features to grab and retain subscribers.