Soccer Streaming Service FuboTV Raises $4 Million
FuboTV, a live streaming service dedicated to soccer coverage, has landed $4 million in Series A funding, Video Ink reports. Why is this interesting? The linear TV bundle has long been dependent on live sports coverage for maintaining its value to consumers, but as this example and others show–including PGA’s new VOD service PGA Live–there’s room for digital live sports as well. A recent study from Ooyala and Vindicia said industry executives predict 15-20 OTT niche service providers will come to market by 2018–topics like sports, kids, and specialty film and TV. And while soccer is hardly considered a “niche” sport today, a channel created uniquely for the sport falls under that category. Expect to see more niche services crop up and more live sports finding its way to digital platforms.
Live soccer streaming service FuboTV announced today that it has raised $4 million in Series A funding led by DCM Ventures, along with I2BF Digital, LionTree Partners and Luminari Capital. Fubo also secured seed investments from Anthony Vinciquerra, former CEO of Fox Networks Group, and Blake Krikorian, co-founder of Sling Media.