×
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

  • Netflix's Newest Interactive Animated Kids Show

    Netflix Announces New Interactive Animated Kids Show 'Battle Kitty'

    Netflix is doubling down on interactive content for kids: The streaming service announced a new interactive animated show dubbed “Battle Kitty” from Matt Layzell Tuesday. The company didn’t share a premiere date for the show yet. “Netflix has given me the incredible opportunity to help change how young people see themselves,” said Layzell. “Like Kitty, [...]

  • stream march madness 2019 online free

    NCAA Tournament: How to Stream March Madness Online

    The rankings are in, and the 68-team field is set. March Madness is officially upon us, and if you want to catch the action from home, from the office, or on-the-go, there are a couple ways to stream March Madness online for free. The first game kicks off today, and the tournament runs until April [...]

  • Google Stream Detailed, Named Stadia

    Google's Stadia Aims to Turn Any Screen Into a Powerful Gaming Console

    Stadia is Google’s game streaming service that is designed to let you play high-end games on most modern screens — be they phone, laptop, tablet, computer or TV — with very little download time and no loss of fidelity, the company announced Tuesday at the Game Developers Conference. The service is launching in 2019. Cost [...]

  • Amazon Focused on Building the Game

    Amazon Focused on Building the Game Industry's Digital Infrastructure

    While most of the discussion around Amazon’s presence in the game industry revolves around their scattershot game projects and rumored cloud gaming platform, the tech giant has been far more involved in building the backend infrastructure for major games. Companies like Square Enix and Zynga both use Amazon Games Tech, Amazon’s portfolio of services that [...]

  • patreon logo

    Patreon Launches Tiered Pricing for Creators, Introduces Rates for Micropayments

    Membership services platform Patreon is growing up: The company announced Tuesday that it is moving away from its one-size-fits-all pricing model for creators, introducing two new tiers in the process. In addition, Patreon is also standardizing its payment processing fees, and introducing a new dedicated rate for small-donor transactions. Patreon’s cut of the membership fees [...]

  • Watch Google's Game Stream Tech Unveiling

    Watch Google's Game Stream Tech Unveiling Live Here

    Google has been teasing its big gaming announcement for weeks, and the time has finally come to see what all of its buzz building is about. The company is set to kick-off its Game Developers Conference keynote at 1 p.m. ET Tuesday for a roughly hour-long event that will be livestreamed. While Google hasn’t spelled [...]

  • HP Introduces $599 Reverb VR Headset

    HP Releases High-Resolution Reverb VR Headset

    HP is giving VR headsets another shot: After first releasing a fairly unremarkable PC-based headset among a wave of similar Windows Mixed Reality devices in 2017, the company is now back with a device that aims to trump competitors like HTC’s Vive Pro with a higher display resolution. HP’s new Reverb VR headset offers 2160 [...]

More From Our Brands

Access exclusive content