Fubo Launches Standalone Premium Subscription Services - No Base Channel Plan Necessary

Business Wire 22-Oct-2024 9:00 AM

Company Offers Paramount+ With Showtime, NBA League Pass and FanDuel Sports Network (formerly Bally Sports Network) as Standalones in Addition to Current Package Options

More Standalone Subscription Offerings to Come as Live TV Streaming Platform Aims to Be a Super Aggregator with Flexible Content Bundles at Multiple Price Points

FuboTV Inc. (d/b/a/ Fubo) (NYSE:FUBO), the leading sports-first live TV streaming platform, announced today the launch of standalone premium subscription services, enabling consumers to subscribe to select live and on demand content without a base Fubo channel plan.

FanDuel Sports Network (formerly Bally Sports Network; currently live on Fubo in select markets with more to follow), NBA League Pass and Paramount+ With Showtime are the first networks offered to customers as standalone subscriptions. These networks continue to be available in Fubo's Pro base plan (FanDuel Sports Network) or as add-on channel packages (NBA League Pass, Paramount+ With Showtime). Subscribers to these standalone packages will also receive Fubo Free, a robust collection of nearly 200 free ad-supported streaming television (FAST) channels.

The launch of standalone services is a key component of Fubo's Super Aggregation strategy, where it aims to offer flexible content bundles, from skinny to fat, at different price points, all within the Fubo ecosystem. With the growing consumer outcry for a frictionless streaming experience, Fubo will now offer three different channel plan tiers:

1. Fubo Free: A foundational free tier of FAST channels available to former Fubo paid and free trial subscribers as well as to subscribers of premium subscription services.
2. Premium Subscription Services: These services, which include both live linear and SVOD, can be purchased as standalones and do not require the purchase of the main Fubo product. Fubo is also exploring the launch of other content offerings such as pay-per-view (PPV), transactional video on demand (TVOD) and skinny bundles.
3. Virtual MVPD: Fubo continues to offer its signature vMVPD channel plans that aggregate the best in live sports, news and entertainment alongside a robust VOD offering.

Fubo customers who subscribe to live linear subscription services will also receive Unlimited Cloud DVR and the ability to stream from multiple screens simultaneously.

"Consumers want flexible streaming options that lets them subscribe to only the content they want to watch," said David Gandler, co-founder and CEO, Fubo. "Our vision to be a Super Aggregator aims to give consumers a seamless way to access all of the content they love within the Fubo ecosystem and at appropriate price points. With the addition of standalone live and SVOD premium subscriptions, we believe offering multiple bundles, from skinny to fat, will put choice in the hands of our customers. This is what streaming should be."

Launches of additional standalone premium subscription services, both live linear and SVOD, will be announced.

About Fubo

With a global mission to aggregate the best in TV, including premium sports, news and entertainment content, through a single app, FuboTV Inc. (d/b/a Fubo) (NYSE:FUBO) aims to transcend the industry's current TV model. The company operates Fubo in the U.S., Canada and Spain and Molotov in France.

In the U.S., Fubo is a sports-first cable TV replacement product that aggregates more than 400 live sports, news and entertainment networks and is the only live TV streaming platform with every Nielsen-rated sports channel (source: Nielsen Total Viewers, 2023). Leveraging Fubo's proprietary data and technology platform optimized for live TV and sports viewership, subscribers can engage with the content they are watching through an intuitive and personalized streaming experience. It was the first virtual MVPD to launch 4K streaming and MultiView, which it did years ahead of its peers, as well as Instant Headlines, a first-of-its-kind AI feature that generates contextual news topics as they are reported live on air.

Learn more at https://fubo.tv

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements of FuboTV Inc. ("Fubo") that involve substantial risks and uncertainties. All statements contained in this press release that do not relate to matters of historical fact are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, including statements regarding our business strategy and plans, partnerships, sports programming and live events, and distribution. The words "could," "will," "plan," "intend," "anticipate," "approximate," "expect," "potential," "believe" or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements contain these identifying words. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that Fubo makes due to a number of important factors, including but not limited to the following: our ability to achieve or maintain profitability; risks related to our access to capital and fundraising prospects to fund our financial operations and support our planned business growth; our revenue and gross profit are subject to seasonality; our operating results may fluctuate; our ability to effectively manage our growth; the long-term nature of our content commitments; our ability to renew our long-term content contracts on sufficiently favorable terms; our ability to attract and retain subscribers; obligations imposed on us through our agreements with certain distribution partners; we may not be able to license streaming content or other rights on acceptable terms; the restrictions imposed by content providers on our distribution and marketing of our products and services; our reliance on third party platforms to operate certain aspects of our business; risks related to the difficulty in measuring key metrics related to our business; risks related to preparing and forecasting our financial results; risks related to the highly competitive nature of our industry; risks related to the potential launch of the joint venture by Walt Disney Company, Fox Corporation and Warner Brothers Discovery; risks related to our technology, as well as cybersecurity and data privacy-related risks; risks related to ongoing or future legal proceedings; and other risks, including the effects of industry, market, economic, political or regulatory conditions, future exchange and interest rates, and changes in tax and other laws, regulations, rates and policies. Further risks that could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements are discussed in our Quarterly Report on Form 10-Q for the quarterly period ending June 30, 2024 filed with the Securities and Exchange Commission ("SEC") and our other periodic filings with the SEC. We encourage you to read such risks in detail. The forward-looking statements in this press release represent Fubo's views as of the date of this press release. Fubo anticipates that subsequent events and developments will cause its views to change. However, while it may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. You should, therefore, not rely on these forward-looking statements as representing Fubo's views as of any date subsequent to the date of this press release.

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