FuboTV Inc. is a streaming TV service company that offers a wide range of content to its customers. The company was founded in 2015 by David Gandler, Alberto Horihuela, and Sung Ho Choi. The company is headquartered in New York City, and its services are available across the United States, Canada, and Europe. FuboTV offers a variety of live TV channels, movies, and TV shows to its customers through an internet connection. The company uses a cloud-based DVR system to enable its users to record and store content for later viewing.
FuboTV Inc. went public on October 8, 2020, through a merger with FaceBank Group, a virtual entertainment company. The merger resulted in the creation of a new company called FaceBank Group Inc. which changed its name to FuboTV Inc. after the merger was completed. The new company began trading on the NYSE under the symbol FUBO.
FuboTV offers a variety of subscription plans to its customers, including Fubo Standard, Fubo Family, Fubo Ultra, and Fubo Latino. Each of these plans offers different levels of content, features, and pricing options. The company also offers add-ons like the Cloud DVR Plus, which enables users to record more content, and Family Share, which allows customers to share their account with up to three additional users.
The company has been expanding its services and partnerships to reach more customers. In 2021, FuboTV announced a partnership with Vizio, one of the largest TV manufacturers in North America. The partnership will enable Vizio SmartCast TV users to access FuboTV's streaming services directly from their TVs. The company has also signed partnerships with several sports organizations, including the NHL, NBA, and MLB, to offer live sports content to its customers.
FuboTV has been growing steadily since its inception, with a revenue of $267 million in 2020, up from $146 million in 2019. The company has also reported an increase in paid subscribers, with over 590,000 subscribers as of the end of 2020. FuboTV is expected to continue expanding its services and partnerships to reach a wider customer base in the future.