Live Streaming Service FuboTV Raises $75 Million


Live streaming service FuboTV has raised $75 million in Series D funding, attracting a group of investors that includes AMC Networks, 21st Century Fox, Sky and the former Scripps Networks Interactive, which is now part of Discovery.

This investment round brings the total amount raised by FuboTV to $150 million, money the New York-based startup has invested in building out a sports-focused subscription service that got its start in 2015 live-streaming soccer games.

“This latest capital raise underlines a seismic shift in viewing behavior as consumers migrate from traditional platforms to streaming television,” said FuboTV CEO David Gandler.

FuboTV places a premium on delivering access to live sporting events at the college, regional, national and international level. Its channel lineup includes national networks such as Fox Sports 1, CBS Spots Network, NBC Sports Network, as well as such collegiate offerings as The Pac-12 Network.

FuboTV also sells upgraded packages for passionate niche audiences, such as cycling or outdoor sports aficionados.

Notably absent from FuboTV’s lineup is Disney’s ESPN — no surprise, given The Walt Disney Co.’s launch of its ESPN+ streaming service.

FuboTV announced it passed 100,000 subscribers last September and reported double-digit growth since then. The streaming service is available on the web and through an app offered for download on Apple TV, Google Chromecast and Roku, as well as on Apple and Android mobile devices.

Following a seven day free trial, the 70-plus channel bundle is available for $20 in the first month and $45 a month thereafter.

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