FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV
streaming platform, announced today three executive appointments to
bolster its strategic partnerships, content strategy and business
development operations. All appointments are effective
immediately.
Ben Grad has been named senior vice president, head of
strategic partnerships and operations, reporting to David
Gandler, co-founder and CEO. In this newly created role, Grad will
be responsible for developing and leading key external partnerships
and internal cross-functional initiatives for the company, covering
both the streaming and online wagering segments, in order to drive
new revenue streams and accelerate FuboTV’s path to profitability.
Grad joined FuboTV in 2017 and was most recently senior vice
president, content strategy and acquisition. He previously held
strategy and partnership roles at Verizon, Fuse, Time Warner and
Universal Music Group.
Todd Mathers has been named senior vice president,
content strategy and acquisition, reporting directly to Henry
Ahn, chief business officer. In his new role, Mathers will oversee
content strategy, acquisition and licensing for FuboTV. He has been
tasked with expanding the company’s robust portfolio of sports,
news and entertainment programming while also realigning licensing
costs with both existing and new content partners.
Prior to joining FuboTV, Mathers was head of content strategy
and business development for Verizon/FIOS, where he was responsible
for content acquisition on all consumer platforms (wireless, 5G,
fixed wireless, FIOS, broadband, etc), affiliate relations,
pricing/packaging and more. Before joining Verizon/FIOS in 2021,
Mathers spent 20 years at AT&T and DIRECTV, most recently as
senior vice president, programming and content. While at the
company, Mathers developed and launched a portfolio of digital
products including streaming platforms Watch TV, DIRECTV NOW and
AT&T TV. Mathers, a lawyer, began his career at Sony Pictures
and the law firm Manatt, Phelps & Phillips.
Additionally, Andrew Steinberg has joined FuboTV as
vice president, business development, reporting to Ahn. In
this role, Steinberg will manage and grow distribution of FuboTV’s
networks and create new business opportunities with current
platform partners such as Amazon Fire, Apple, Google, Roku and
Samsung TV. Prior to joining Fubo, Steinberg was director, business
development and partnerships for Goldin, a leading marketplace for
trading cards, collectibles and memorabilia. He has spent the
majority of his 20+ year career working across the media and
entertainment industry, and has held senior business development
and strategy roles at Discovery Inc., Scripps Networks Interactive,
Paramount Pictures, TEGNA and Premion among others.
“Ben’s understanding of FuboTV’s business, combined with his
expertise and track record as a media executive, will be invaluable
as we transition from a start-up to a growth-oriented media and
technology company,” said Gandler. “We look forward to the impact
Ben can have in this broader strategic role as FuboTV targets
profitability in 2025.”
“Todd and Andrew have demonstrably helped expand and diversify
the revenue streams of some of the world’s most renowned media
businesses,” said Ahn. “We are excited to tap into their expertise
to grow our sports entertainment content experience across multiple
platforms, while managing costs for consumers and providing value
for our shareholders. I am thrilled to welcome Todd and Andrew to
FuboTV.”
About FuboTV
With a mission to build the world’s leading global live TV
streaming platform with the greatest breadth of premium content,
interactivity and integrated wagering, FuboTV Inc. (NYSE: FUBO)
aims to transcend the industry’s current TV model. FuboTV Inc.
operates in the U.S., Canada, France and Spain.
Leveraging its proprietary data and technology platform
optimized for live TV and sports viewership, FuboTV Inc. aims to
turn passive viewers into active participants and define a new
category of interactive sports and entertainment television. The
company's sports-first cable TV replacement product, FuboTV, offers
U.S. subscribers more than 100 live sports, news and entertainment
networks and is the only live TV streaming platform with every
Nielsen-rated sports channel (source: Nielsen Total Viewers, 2021).
Subscribers can interact with FuboTV’s live streaming experience
through predictive free-to-play games, which are integrated into
select sports content.
Fubo Gaming Inc., a subsidiary of FuboTV Inc., launched Fubo
Sportsbook, a next-generation mobile sportsbook purpose-built to
integrate with FuboTV, in 2021.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains forward-looking statements of FuboTV
Inc. (“FuboTV”) that involve substantial risks and uncertainties.
All statements contained 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 market opportunity,
business strategy and plans and the continued shift in consumer
behavior. The words “could,” “will,” “plan,” “intend,”
“anticipate,” “approximate,” “expect,” “potential,” “believe” 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 could differ materially from the plans,
intentions and expectations disclosed in the forward-looking
statements that FuboTV makes due to a number of important factors,
including but not limited to risks related to our pursuit and
engagement in acquisitions; our actual operating results may differ
significantly from our guidance; risks related to FuboTV’s access
to capital and fundraising prospects to fund its ongoing operations
and support its planned growth; risks relating to diverting
management’s attention from FuboTV’s ongoing business operations to
address integration and fundraising efforts; the 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 our
technology, as well as cybersecurity and data privacy-related
risks; our ability to achieve or maintain profitability; our
revenue and gross profit are subject to seasonality; our operating
results may fluctuate; our ability to attract and retain
subscribers; we may not be able to license streaming content or
other rights on acceptable terms; risks related to our ability to
capitalize develop and market a sports wagering offering and the
regulatory regime and related risks associated with such offering;
risks related to the difficulty in measuring key metrics related to
our business; risks related to the highly competitive nature of our
industry; 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 tax and other laws, regulations, rates and
policies, including the impact of COVID-19 on the broader market.
Further risks that could cause actual results to differ materially
from those matters expressed in or implied by such forward-looking
statements are discussed in our Quarterly Report on Form 10-Q for
the quarterly period ended March 31, 2022 filed with the Securities
and Exchange Commission (“SEC”) on May 10, 2022 and our other
periodic filings with the SEC. We encourage you to read such risks
in detail. The forward-looking statements in this press release
represent FuboTV’s views as of the date of this press release.
FuboTV anticipates that subsequent events and developments will
cause its views to change. However, while it may elect to update
these forward-looking statements at some point in the future, it
specifically disclaims any obligation to do so. You should,
therefore, not rely on these forward-looking statements as
representing FuboTV’s views as of any date subsequent to the date
of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20220531005104/en/
Investor Alison Sternberg, FuboTV asternberg@fubo.tv JCIR
for FuboTV ir@fubo.tv
Media Jennifer L. Press, FuboTV jpress@fubo.tv Bianca
Illion, FuboTV billion@fubo.tv
fuboTV (NYSE:FUBO)
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