NEW YORK–(BUSINESS WIRE)–FuboTV Inc. (NYSE: FUBO), the leading live sports TV platform, issued the following statement today:

Thousands of Spanish-speaking consumers across the United States have lost access to local news and weather – providing vital information that impacts their communities – as a result of TelevisaUnivision pulling its programming from Fubo. This unfortunate development is a result of TelevisaUnivision’s refusal to offer what we believe to be fair and competitive pricing.

Fubo has made great efforts and made concessions to renew our long-standing content agreement for TelevisaUnivision and its affiliated channels. However, TelevisaUnivision has offered us a new contract with restructured terms that will increase prices by 25% for our subscribers. Furthermore, TelevisaUnivision’s unfair bundling and linking practices require Fubo subscribers to purchase all of their channels, including the ones they don’t watch.

TelevisaUnivision, the largest provider of Spanish-language content in the United States, is trying to use its dominant market power to force Fubo to pay higher prices, resulting in Spanish-speaking subscribers paying much more to receive vital local news and weather, as well as popular Spanish-language sports and entertainment programming. TelevisaUnivision also does a disservice to our Hispanic customers who love sports: To get all the sports content TelevisaUnivision offers, Fubo subscribers still have to pay separately for Vix+.

Because Fubo’s mission has always been to deliver a leading selection of premium sports, news and entertainment content while also providing value, we cannot accept TelevisaUnivision’s terms on behalf of our customers or investors.

Fubo remains open to negotiating a new content agreement with TelevisaUnivision – but it must be fair and equitable to our subscribers. This includes access to Spanish language content on our Latin plan at a competitive cost.

Fubo has always been dedicated to serving the Hispanic community, and we are proud to offer a robust plan of the most-watched Spanish language programming at the lowest price, compared to other live TV platforms. There is still Spanish-language content to enjoy on Fubo including networks like beIN Sports Español, Canela, Centroamerica TV, Cine Latino, and Cine. Sony (NYSE:) TV, ESPN Deportes, Estrella, Estrella News, Euronews Espanol, FILMEX, FOX Deportes, Fubo Latino, Gol TV Spanish, Nat Geo Mundo, Noticias Telemundo Ahora, Nuestra Tele, Tastemade en Espanol, Telefe, Telemundo Accion, all Thing Cinema, Tr3s, TyC Sports and WAPA.

About Fubo

With a global mission to bring together the best in television, including premium sports, news and entertainment content, through one app, FuboTV (NYSE:) Inc. (d/b/a Fubo) (NYSE: FUBO) aims to exceed the industry demands of the current TV model. The company operates Fubo in the US, Canada and Spain and Molotov in France.

In the US, Fubo is the first alternative cable sports TV product that brings together over 400 live sports, news and entertainment networks and is the only live TV platform with every Nielsen-rated sports channel (Source: Nielsen the total (EPA: Viewers, 2023). By leveraging Fubo’s proprietary data and technology platform optimized for live TV and sports viewing, subscribers can engage with the content they watch through an intuitive and personalized streaming experience. It was the first virtual MVPD to launch 4K streaming and MultiView, which it did years before its counterparts, as well as Instant Headlines, a first-of-its-kind AI feature that generates contextual news topics as they are broadcast live. .

Learn more at https://fubo.tv

Fubo’s cautionary note regarding forward-looking statements

This press release contains forward-looking statements for FuboTV Inc. (Fubo) which involves significant risks and uncertainties. All statements in this press release that do not relate to matters of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our business strategy and plans, partnerships, programming, pricing and distribution. . The words could, will, plan, intend, expects, approximate, expects, potential, believes or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results or events may differ materially from the plans, intentions and expectations disclosed in the forward-looking statements containing these identifying words. Actual results or events may differ materially from the plans, intentions and expectations disclosed in the forward-looking statements made by Fubo due to a number of important factors, including but not limited to the following: our ability to achieve or maintain profitability; risks related to our access to capital and fundraising prospects to fund our financial operations and support our planned business growth; Our revenues and gross profits are subject to seasonality; Our operating results may fluctuate; our ability to effectively manage our growth; the long-term nature of our content commitments; our ability to renew our long-term content contracts on sufficiently favorable terms; our ability to attract and retain subscribers; The obligations imposed on us through our agreements with some distribution partners; We may not be able to license streaming content or other rights on acceptable terms; restrictions imposed by content providers on our distribution and marketing of our products and services; our reliance on third-party platforms to operate certain aspects of our business; risks related to the difficulty of measuring key metrics related to our business; risks related to the preparation and forecasting of our financial results; risks related to the highly competitive nature of our industry; Risks related to the potential launch of the joint venture by Walt Disney The Company (NYSE:), Fox Corporation and Warner Brothers Discovery (NASDAQ:); risks related to our technology, as well as risks related to cybersecurity and data privacy; risks related to ongoing or future legal proceedings; and other risks, including the effects of industry, market, economic, political or regulatory conditions, future exchange and interest rates, and changes in taxes, laws, regulations, rates and other policies. Additional risks that could cause actual results to differ materially from those matters expressed or implied by such forward-looking statements are discussed in our Quarterly Report on Form 10-Q for the quarterly period ending June 30, 2024 filed with the Securities and Exchange Commission. (SEC) and our other periodic filings with the Securities and Exchange Commission (SEC). We encourage you to read these risks in detail. The forward-looking statements contained in this press release represent Fubo’s views as of the date of this press release. Fubu expects that subsequent events and developments will lead to her changing her views. However, although it may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. Therefore, you should not rely on these forward-looking statements as representing Fubo’s opinions as of any date subsequent to the date of this press release.

View source version on Businesswire.com: https://www.businesswire.com/news/home/20241223267358/en/

Investor communications

Amit Padhi, Fubo
ameet@fubo.tv

JCIR for Fubu
ir@fubo.tv

Media communications

Jennifer L. Bryce, Fubo
jpress@fubo.tv

Bianca Elion, Fubo
billion@fubo.tv

Source: Fubo TV