Fubo TV nets 1 million paying subscribers to streaming service
The figure was revealed as part of the company’s quarterly earnings released on Thursday.
Fubo TV, Inc. ($FUBO, operating as Fubo) is a streaming technology provider that operates a sports-centric service called Fubo in the United States, Canada and Spain, as well as a similar product called Molotov in France.
In the United States, Fubo offers a number of broadcast and cable networks through its programming partners, including the Walt Disney Company (ABC, ESPN, FX, National Geographic), Comcast’s NBC Universal (NBC, CNBC, USA Network, E!, Bravo, MSNBC), Fox Corporation (Fox, Fox News, Fox Sports 1, Fox Business), Paramount Global (CBS, MTV, VH1, BET, CBS Sports Network, Paramount Network), the E. W. Scripps Company (Ion, Laff, Grit, Scripps News), Sinclair (Comet, Charge, TBD, The Nest, Bally Sports) and others.
Fubo also owns or operates a number of free, ad-supported streaming TV channels, including the Fubo Sports Network and Maximum Effort Channel.
Fubo is based in New York City.
The figure was revealed as part of the company’s quarterly earnings released on Thursday.
Fubo TV says it will raise its base subscription price for all customers to $70 a month starting in May.
Fubo TV has raised the price of its base package to $70 a month for new customers.
Fubo TV says it has reached an agreement with Root Sports to bring the live regional sports channel to its service.
The top executive at Fubo TV says he believes his linear streaming television service could grab anywhere from three million to five million subscribers within the next five years. The statement came in an interview with a CNBC reporter published on Friday shortly after Fubo TV raised its year-end subscriber guidance to around 900,000 after grabbing more than 700,000 paying customers at the end of its most-recent financial quarter. Fubo TV offers dozens of pay television channels with a heavy emphasis on programming packages that includes live sports. The service starts at $65 a month and goes up from there as subscribers add on more channels and features. At a time when many streaming services are looking to break away from traditional cable television channels, Fubo TV thinks there’s a market for people who want to free themselves from the … Read more
Fubo TV says it now serves more than 680,000 paying customers, more than doubling its subscriber base compared to one year ago.
Fubo TV has dropped several channels owned by A+E Networks, with the company saying the channels were too expensive to keep.
Fubo TV ended the previous quarter with 590,000 paying subscribers, an increase of 43,000 customers.
Streaming service Fubo TV has landed the exclusive streaming rights to CONMEBOL matches ahead of the 2022 World Cup.
The service has more than 547,000 paying subscribers, a jump of 237 percent compared to this time last year.
Fubo TV has eliminated a cheaper, $60 a month package that was quietly offered to new subscribers.
The deal comes less than a month after Fubo TV signaled its intention to enter the sports betting industry.