You will be redirected back to your article in seconds

Soccer-Streaming Startup FuboTV Raises $15 Million Led by 21st Century Fox, Sky

U.S. soccer subscription-streaming service has signed up 40,000 customers

FuboTV, a startup that operates an Internet soccer subscription-video service, announced that it has raised $15 million in Series B funding led by 21st Century Fox and U.K. satellite TV operator Sky.

Sky and 21st Century Fox each invested $6 million in the Series B round, which also includes investments from DCM Ventures, Luminari Capital, LionTree Partners, Edgar Bronfman Jr., managing partner at Accretive and former CEO of Warner Music Group, ICM Partners’ Chris Silbermann and former NBA commissioner David Stern.

New York-based FuboTV provides subscribers with a $10-per-month over-the-top bundle of sports TV channels, featuring hundreds of live soccer matches, club videos, series, documentaries and other content in English, Spanish and Portuguese. Officially launched in January 2015, FuboTV has signed up more than 40,000 U.S. subscribers to date with a concentration among millennial males who are not traditional pay-TV customers.

FuboTV said it will use the new funding to expand its lineup of TV networks and build new features to enhance the viewing experience.

With the funding, both Sky and 21st Century Fox will take board seats at FuboTV. Neither 21st Century Fox nor Sky is currently licensing content to FuboTV, but both companies intend to work closely with FuboTV as it continues to grow.

“We are very impressed by the FuboTV management team and the great progress they have made in a very short time,” said Ravi Ahuja, executive VP of business operations and development for Fox Networks Group. “Ultimately, we believe streaming services like FuboTV will drive further innovation and be a win-win for consumers and programmers.”

Added Emma Lloyd, Sky’s director of corporate development and strategic investments: “We’re really excited to be investing in FuboTV. This investment will provide Sky with real insight and we look forward to working with the FuboTV team as they continue to explore new opportunities for growth.”

The FuboTV service has distribution deals with TV programmers that hold U.S. rights to major worldwide sporting events, including soccer matches from more than half of the leading international soccer leagues and tournaments. Those include Univision Networks, BeIn Sports, GolTV and Benfica TV, as well as the recently announced addition of entertainment networks targeting millennials such as El Rey Network, Pivot and Revolt.

Prior to FuboTV, the company founders — CEO David Gandler, CTO Sung Ho Choi and CMO Alberto Horihuela — were executives at OTT video company DramaFever, which has been acquired by Warner Bros.

“The support from two of the most prominent media companies in the world strongly positions FuboTV to meet the demands of the quickly evolving sports rights ecosystem,” Gandler said in a statement. “Investment from 21st Century Fox, Sky and the prominent individuals and organizations part of this Series B round demonstrates our potential to become leaders among linear OTT services.”

FuboTV closed a $4 million Series A round in August 2015, led by DCM Ventures with participation from I2BF Digital, LionTree Partners, Luminari Capital and Univision Communications, as well as seed investments from Anthony Vinciquerra, former CEO of Fox Networks Group, and Blake Krikorian, co-founder of Sling Media.

The FuboTV service is available on the web, Apple TV, Roku, Google Chromecast, Amazon Fire TV and Fire TV Stick, Apple iPad and iPhone, Android phones and tablets, and Amazon’s Kindle Fire.

More Digital


    'The Umbrella Academy' Superheroes Series Premiere Date Set on Netflix

    The dysfunctional-family superheroes of “The Umbrella Academy” are landing on Netflix worldwide on Feb. 15, 2019. The live-action series is based on the “Umbrella Academy” comic books created and written by Gerard Way and illustrated by Gabriel Bá, published by Dark Horse Comics. The Netflix original series comprises 10 one-hour episodes. “The Umbrella Academy” stars [...]

  • ATF: Hooq Adds Trio of Original

    ATF: Hooq Adds Trio of Original Series, Partnership With Vice Media

    Asian video-on-demand service, Hooq has unveiled three Indonesian-made original series, and a partnership with online content group Vice. The new shows range from a talk show “TL;DR” that will be co-produced with Vice, to a full-length series, “Check Out The Store Next Door” (“Cek Toko Sebelah the Series”) and a short form series. The partnership [...]

  • ATF: Indian Streamer Eros Now Launches

    ATF: Indian Streamer Eros Now Launches 'Flesh' as Original Series

    Eros Now, the video streaming arm of Indian film production and distribution giant Eros International, has begun production of an original web TV series. Its human trafficking drama “Flesh” will air in early 2019. “Flesh” stars Swara Bhaskar (“Raanjhanaa,” “Veera Di Wedding”) as a belligerent female cop who takes matters into her own hands in [...]

  • Avengers End Game Trailer

    'Avengers: Endgame' Trailer Smashes 24-Hour Video Views Record

    With the Marvel fandom’s anticipation leading up to “Avengers: Endgame,” it’s no surprise that the trailer drop set a new record for most views in its first 24 hours. The “Avengers: Endgame” trailer was viewed 289 million times in its first 24 hours, after it was released around 5 a.m. PT Friday, according to Marvel [...]

  • Fandor Logo

    Fandor Lays Off Staff, Sells Assets of Indie-Film Streaming Service (EXCLUSIVE)

    Fandor, the independent-film streaming service, has laid off nearly all of its employees and has sold its assets, Variety has learned. Reached for comment, Fandor CEO/chairman Chris Kelly sent a statement in which he said Fandor has a deal in place that will let a “new entity” continue to operate the service. He declined to [...]

  • ESL And Oculus Partner For VR

    ESL And Oculus Partner For VR Charity Challenge Game Show

    Esports company ESL is teaming up with Oculus for the Change the Game VR Charity Challenge (VRCC), it announced on Friday. Two teams of influencers will compete for a $100,000 prize during the event. Each will represent one of two gaming charities — Stack Up or Take This. Stack Up is a nonprofit that works [...]

More From Our Brands

Access exclusive content