FuboTV Now Streaming on LG Smart TVs

Sports-themed online subscription television service fuboTV is now available on LG Smart TVs. Beginning June 7, subscribers can stream live sports, news and entertainment through the fuboTV app on LG TV’s 2018-21 models, including the LG OLED TVs.

The app on LG Smart TVs affords up to six users within a subscription to personalize their fuboTV channels. Each individual user can store their own recorded content, personalized recommendations, and a user guide unique to their content preferences.

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Users on the LG Smart TV app will be able to mark their favorite channels and move their top selections to the front of the guide.

The app also offers a “set it and forget it” feature that enables users the ability to record an entire series with one click.

The “Watch Next” feature lets users binge a series. Once an episode ends, they will automatically have the next episode suggested to them.

LG Smart TV owners can begin a free trial of fuboTV by scanning the QR code placed within the app.

In addition to LG Smart TVs, fuboTV is currently available on the Web, Android and iOS mobile and tablet apps, Chromecast, XBox One’s family of devices, and connected and smart TVs such as Amazon Fire TV, Android TV, Apple TV, Apple’s TV app, Hisense, Roku and Samsung Smart TVs.

Is Shine Off Online Pay-Television?

Lost in the hoopla of Disney+ surpassing 103 million subscribers in the second quarter (ended April 3) was the reality that the online TV market leader, Hulu + Live TV, lost 200,000 subscribers during the same quarter. The 5% decline from 4 million subs likely attributed in part to a $10 price hike Disney imposed upon the platform last December.

But Hulu isn’t alone. Sling TV, which Dish Network launched in 2015, lost 100,000 subs in the quarter to 2.37 million. AT&T TV, formerly DirecTV Now and AT&T TV Now, reportedly declined to around 650,000 subscribers in early 2020 — about two-thirds fewer subs when the service launched in 2018.

And Google-owned YouTube TV saw its 3 million-sub base unchanged over the past four months, while T-Mobile this year threw in the towel on its upstart TVision platform with about 100,000 subs. Sony’s PlayStation Vue service shuttered in January 2020 after almost five years of sluggish sub growth.

That’s a trend in the wrong direction considering TDG Research in December 2020 predicted strong growth for the 6-year-old market.

“The number of virtual pay-TV households will increase five-fold by the end of the next decade, topping 24 million by 2030,” senior analyst Joel Espelien wrote in a December 2020 note. “Importantly, this growth will come almost exclusively at the cost of legacy subscriptions.”

Indeed, fuboTV and Philo have added subscribers, the former tacking on 42,550 subs to top 590,000 subs in the quarter. Philo says that as of August 2020, it had 750,000 subs.

Overall, the top publicly reporting Internet-delivered pay-TV services combined for about 6.7 million subs — less than 10% of the top pay-TV providers with about 78.7 million combined subs.

“A whole generation of customers likely viewed [online TV] quizzically, as a solution to a problem they didn’t have,” MoffettNathanson wrote in a note last year. “The real issue was the grid. Not the user interface grid, by the way, but instead the very idea of a [program] schedule. Why would anyone want to view entertainment content on a schedule, much less someone else’s schedule?”

FuboTV Ups Q1 Subscribers — and Fiscal Loss

Sports-themed online TV platform FuboTV May 11 reported the strongest fiscal first quarter in its history, upping revenue 135% to $119.7 million, from $51 million in the previous-year period. Net loss increased 5% to $70.2 million, from $66.4 million.

Subscriptions across the U.S., Canada and Spain increased 105% to 590,430, from 287,000, including 43,000 net additions in the quarter. Advertising revenue skyrocketed 206% to $12.6 million, from $6.1 million.

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In a shareholder letter, co-founder/CEO David Gandler and executive chairman Edgar Bronfman Jr. said pay-TV consumers have awoken to the concept of standalone live-streaming sports streaming. The $54.99 monthly platform features 100+ live TV channels, including 42 of the top
50 Nielsen-ranked networks across sports, news and entertainment.

The company is projecting 803,000 subs by the end of the year, including 603,000 subs through the end of the current fiscal quarter.

“Our differentiation in the marketplace — sports-focused programming, a tech-first and data-driven user experience and the planned integration of wagering and interactivity — firmly positions the company strongly for long-term growth,” Gandler and Bronfman wrote. The latter was CEO of Warner Music Group from 2004 to 2011, and chairman of Warner Music Group from 2011 to 2012.

“We believe the macro tailwinds are strong,” Gandler and Bronfman wrote.

FuboTV Inks Deal With Marquee Sports Network for Cubs Game Coverage

FuboTV and Marquee Sports Network have entered into a carriage agreement that will bring Chicago Cubs game coverage to the live TV streaming platform in the coming weeks.

Through FuboTV, subscribers throughout the Marquee Sports Network territory will have access to all Marquee programming, including all non-nationally televised regular season Chicago Cubs games, pregame and postgame shows, exclusive content and original programming. The regional sports network (RSN) will be available in FuboTV’s basic English language channel package in the Chicago area and surrounding regions, including Indianapolis, South Bend and Des Moines.

Fans can stream FuboTV on Android and iOS smartphone and tablets, Amazon Fire TV, Android TV, Android Smart TVs, Apple TV and Apple’s TV app, Chromecast, Hisense Smart TVs, Roku, Samsung Smart TVs, Xbox One’s family of devices and the web.

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In addition to the Marquee Sports Network, FuboTV includes more than 50,000 live sporting events annually — many streaming in 4K. The agreement also increases FuboTV’s local coverage in Chicago, where it already carries ABC, CBS, FOX, NBC, Telemundo and Univision affiliates alongside national sports networks ESPN, FS1, CBS Sports Network, Big Ten Network, MLB Network, NBA TV, NFL Network and NHL Network, among others.

“We are thrilled to have FuboTV offering Marquee Sports Network to Cubs fans. FuboTV has prioritized live sports and we look forward to them carrying Cubs baseball all season long,” said Marquee Sports Network GM Mike McCarthy in a statement.

“As we kick off the hotly anticipated 2021 baseball season, fuboTV is thrilled to bring consumers Marquee Sports Network’s extensive coverage of the Chicago Cubs,” FuboTV’s SVP of content strategy and acquisition, Ben Grad said in a statement. “The addition of Marquee Sports Network to our leading sports, news and entertainment portfolio makes FuboTV a great streaming choice for Cubs fans, as well as other Chicagoans looking to cut the cord.”

“We’re excited to add Marquee Sports Network and their coverage of the Chicago Cubs to FuboTV,” FuboTV co-founder and CEO David Gandler said in a statement. “Our Fubo Gaming subsidiary is headquartered in Chicago, and the midwest market, particularly Indiana and Iowa where we recently closed market access agreements, will be a key cluster for our gaming strategy in the future.”

FuboTV Appoints Ali Ghanavati Head of Regulatory Technology, Gaming

Online TV service FuboTV has named Ali Ghanavati as head of regulatory technology for its new Fubo Gaming subsidiary. Ghanavati’s extensive gaming career includes roles as chief engineer at Gaming Laboratories International, and as deputy chief of the technical services bureau of the State of New Jersey Division of Gaming Enforcement, where he consulted with numerous state agencies and gaming jurisdictions regarding casino gaming regulation and standards. He joins Fubo Gaming effective immediately.

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Fubo, along with Fox Corp., and Disney, are eyeing legal online gambling as an incremental revenue source to streaming video.

In his new role, Ghanavati will collaborate with Fubo Gaming’s Chief Operating Officer Sam Rattner and the broader management team on both building new and innovative consumer experiences across video and wagering as well as obtaining the requisite state regulatory approvals for each initiative.

Ghanavati, who has deep experience across many aspects of technological regulation in the gaming industry (online casino, land-based casino, sports wagering, eSports and daily fantasy sports), will oversee product and technology standards in those jurisdictions where Fubo Gaming’s forthcoming Fubo Sportsbook will be available. The company expects to launch its sportsbook in the fourth quarter of 2021, subject to obtaining requisite regulatory approvals.

“Successfully navigating the gaming industry’s complex regulatory process is critical as we work towards the launch of Fubo Sportsbook,” Rattner said in a statement. “I’m thrilled Ali will lead the product and technology processes for Fubo Gaming.”

Ghanavati previously spent over a decade at GLI, which provides the gaming industry’s testing and certification services. His most recent role at GLI, as gaming development representative, included leading and guiding operators and developers to successfully launch products in various gaming channels.

FuboTV Ends 2020 With 548,000 Subscribers, $570.5 Million Loss

Sports-themed online TV service FuboTV reported a base of 548,000 subscribers for the fourth-quarter and fiscal-year ended Dec. 31, 2020. That was up 73% from 316,000 subs during the previous-year period. The platform gained 92,800 subs in the quarter.

Revenue in the quarter topped $105.1 million, up 98% from the previous-year period. Subscription revenue increased 91% to $91.4 million. while advertising revenue increased 157% to $13.1 million.

At the same time, FuboTV continues to hemorrhage money, losing $570.5 million in the fiscal year, compared with a loss of $34.9 million in the previous-year period. Revenue topped $217.7 million compared to revenue of $4.2 million in 2019.

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Much of the loss was due to content acquisition infrastructure costs, including purchase of online sports wagering software. FuboTV plans to launch online sports gambling in the fourth quarter.

“Our goal for 2021 and beyond is to develop fuboTV into a new kind of media company that combines both innovative streaming video and sports wagering,” Edgar Bronfman Jr., executive chairman of FuboTV, said in a statement.

The platform plans to launch free-to-play predictive games in the third quarter (first to fuboTV subs and later to all consumers) and an online sportsbook in the fourth quarter.

“Ultimately, we intend to integrate fubo Sportsbook into fuboTV’s live TV streaming platform for a seamless viewing and wagering experience,” co-founder/CEO David Gandler and Bronfman wrote in the shareholder letter.

FuboTV Teases Strong Year-End Revenue, Sub Growth

FuboTV, the upstart publicly-traded online sports-themed streaming service, hasn’t announced when it would report fourth-quarter fiscal results. But that didn’t stop the New York-based service from disclosing upbeat year-end revenue and subscriber growth numbers.

The platform said it expects Q4 total revenue to be between $94 million  and $98 million, a 77% to 84% increase from the previous-year period. Prior guidance was $80 million to $85 million.

Paid subscribers at the year’s end are expected to exceed 545,000, an increase of more than 72% year-over-year. Prior guidance was 500,000 to 510,000 subscribers.

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“FuboTV’s strong preliminary fourth quarter 2020 results exceeded what was already expected to be a record year for the company, and demonstrate continued consumer excitement for the company’s live TV streaming offering,” co-founder/CEO David Gandler said in a statement. “In 2021, we will continue to be laser focused on executing our growth strategies, which include continuing to grow advertising revenues, working to implement sports wagering into our product and further establishing FuboTV as a leader in sports and live streaming.”

Gandler made no mention on the company’s projected profit/loss. In Q3, FuboTV reported a net loss of $274 million on revenue of $61 million. The company launched an IPO in October that saw shares skyrocket 400% following investor excitement over a live-sports themed online streaming service. Shares have been falling ever since, down more than 60%.

Lionsgate’s Starz Launches on Sports-Themed FuboTV

Lionsgate-owned Starz Dec. 18 announced the launch of premium channels and SVOD library on sports-themed online television service fuboTV. Subscribers to the platform who also subscribe to Starz can now watch exclusive original series, including “Power Book II: Ghost,” “P-Valley,” “Hightown,” and “Outlander” as well as hundreds of movies and first-run films.

“We are thrilled to expand our OTT presence with our fuboTV partnership, bringing original series and a huge library of films to [the online TV channel’s] growing base of viewers in time for the holidays,” Alison Hoffman, president of domestic networks for Starz, said in a statement. “With our launch on fuboTV, Starz will be available on all major streaming services in the U.S.”

The platform offers access to more than 7,500 VOD selections including the upcoming third season of “American Gods,” premiering in January 2021; to Hollywood movies such as Once Upon a Time in Hollywood and Bad Boys for Life.

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“Starz offers something for everyone in the family to stream,” said Ben Grad, head of content strategy and acquisition for fuboTV.

Starz is available as an add-on to fuboTV’s base package, fubo Standard, for $8.99 per month. fubo Standard offers a broad mix of more than 100 channels, including sports, news and entertainment channels than in any other live streaming platform’s base package.

FuboTV Reports $274 Million Loss in First-Ever Quarterly Report; Eyes Entering Sports Betting Market

FuboTV, the live-sports themed online TV service, Nov. 10 released its first fiscal-quarter report (ended Sept. 30) after launching an Initial Public Offering in October. The service reported a net loss of $274 million on revenue of $61.2 million. That compared with a loss of $6.9 million on revenue of $5.8 million during the previous-year period when it was a private company.

New York-based FuboTV ended the quarter with 455,000 subscribers, up 58% from 288,000 in the previous-year period. The service offers monthly plans from $55, and includes games from the NFL, NHL and NBA, in addition to live and on-demand channels CBS, Fox, NBC, Cartoon Network, CNN, Discovery, Food Network, TLC, TNT and TV Land, among others.

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Total content hours streamed by subscribers (paid and free trial) in the quarter increased 83% year-over-year to 133.3 million hours, from 72.8 million hours. Monthly active users (MAUs) watched 121 hours per month on average in the quarter, an increase of 20% year-over-year from 100.8 million.

“A heavy sports calendar, busy news cycle and Hollywood’s fall entertainment season delivered many viewing options for consumers,” co-founder/CEO David Gandler said in a statement.

Executive chairman Edgar Bronfman Jr. contends fuboTV sits at the intersection of three trends: the secular decline of traditional TV viewership, the shift of TV ad dollars to connected TVs and online sports wagering — the latter a projected $155 billion market by 2024.

“As our cable TV replacement product is sports-focused, we believe a significant portion of our subscribers would be interested in online wagering, creating a unique opportunity to drive higher subscriber engagement and open up additional revenue opportunities,” Gandler and Bronfman Jr. wrote in the shareholder letter. “Simply put, we expect wagering will lead to more viewing, and this increased engagement will lead to higher ad monetization, better subscriber retention and a reduction in subscriber acquisition costs.”

FuboTV Balloons Fiscal Loss, Revenue Without Live Sports

Sports-themed online TV service FuboTV Aug. 14 said it generated a net loss of $99.7 million on revenue of $44.2 million for the second quarter, ended June 30. Launched in 2015 as a soccer subscription streaming service, the platform rebooted as an all-sports service in 2017 and then to an online TV platform — with plans to become publicly traded.

Revenue increased 53% driven by subscriber growth; subscription revenue increased 51% year-over-year to $39.5 million. Advertising revenue increased 71% year-over-year to $4.3 million. FuboTV ended the period with 286,126 subs paying $55 monthly, up 47% year-over-year.

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Total content hours streamed by fuboTV users (paid and free trial) increased 83% year-over-year to 98.6 million hours. Monthly active users watched 140 hours per month on average in the quarter, an increase of 54% year-over-year.

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“We delivered strong second-quarter results,” co-founder/CEO David Gandler said in a statement. “Consumer engagement continued to be strong in Q2, despite a shutdown of most major league sports both in the U.S. and internationally, and we successfully ramped up advertising revenue.”

Gandler said he expects paid subscribers to reach upwards of 350,000, which would be an increase of 20% year-over-year.

“The growth of streaming is one of the most significant changes to television, and television advertising, in the last several decades,” Gandler said. “fuboTV is at the forefront of the streaming revolution and we are excited for existing and new investors to join us on this journey.”