Fox and Sky ramp up streaming with fuboTV

11/03/2016

Rupert Murdoch’s 21st Century Fox and Sky have led a $15m (£10m) funding round investing in streaming service fuboTV.

fuboTV, a US-based subscription video service offering games from leagues such as Spain’s La Liga and MLS in the US, took $6m each from Fox and Sky.

With about 40,000 subscribers, fuboTV is still a nascent player in the world of bundle subscription video services.

Although neither license content to fuboTV now, the streaming service says that they plan to “work closely” with it.

The $9.99 a month service currently offers channels including Univision, beIN Sports, GolTV, El Rey Network, Pivot, and Revolt.

“We’re excited to be investing in fuboTV, at a time when our customers are looking to consume more and more content, whenever and wherever they are,” said Emma Lloyd, director of corporate development and strategic investments at Sky. “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 service claims it has secured distribution deals accounting for more than half of the leading international leagues and tournaments.

However, it does not yet have the rights to the most sought-after football content such as English Premier League and UEFA Champions League.

Neither Fox or Sky currently license any content to the fuboTV service.

“The support from Europe’s leading entertainment company strongly positions fuboTV to meet the demands of the ever evolving sports rights ecosystem,” said fuboTV co-founder and chief executive David Gandler. “The investment from Sky demonstrates our potential to become leaders among linear over-the-top [internet delivered] services.”

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