FuboTV Raises $75 Million From AMC, Fox for Sports-Focused Streaming

Sports-focused online streamer FuboTV has raised $75 million, led by AMC and 21st Century Fox, in its latest round of funding, the company announced on Wednesday.

The New York-based company has 100,000 paying customers, with its basic package starting off at $45 a month. FuboTV has about 80 channels in its arsenal, and has carved out a niche as a go-to spot for sports fans looking to cut the cord, with NBA TV, NBC Sports Network, Fox Sports, and the NFL Network — along with Fox, CBS, and NBC on the network side. Its streamed the World Series, Super Bowl, and Winter Olympics in the last year.

“This latest capital raise underlines a seismic shift in viewing behavior as consumers migrate from traditional platforms to streaming television,” said David Gandler, fuboTV CEO and co-founder, in a statement. “The pay TV space is experiencing a renaissance, and the company will use this investment to continue to drive technological advancement in video quality and latency, machine learning and predictive analytics to deliver a best-in-class experience.”

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After its fourth round of funding, FuboTV has raised $150 million. The company raised $55 million in Series C funding last June. The company did not share its valuation as part of its announcement.

FuboTV said the cash infusion will be used to hire more engineers and invest in more content. With stiff competition from YouTube, Sling TV, and Hulu, the company could be looking to land deals with networks like ABC. Its app is available on Apple TV, Amazon Fire TV, Roku, as well as iOS and Android mobile devices.

A look at FuboTV’s full investors for its Series D: 21st Century Fox, AMC Networks, Luminari Capital, Northzone, Sky and the former Scripps Networks Interactive (recently acquired by Discovery, Inc.). Investors also include DCM Ventures, i2bf, LionTree Partners, Univision Communications Inc., Edgar Bronfman, Jr. (former Chairman and CEO of Warner Music Group), Chris Silbermann (founding partner, ICM Partners) and former NBA Commissioner David Stern.

7 Rad Projects Elon Musk Has Worked On (Photos)

Elon Musk has been at the forefront of Silicon Valley innovation for two decades. The South Africa-born entrepreneur has been linked to a number of high-profile, intriguing ventures... so let's take a look.
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Pay Pal

Musk made his initial fortune thanks to PayPal, which he sold to eBay in 2002 for $1.5 billion. He made a cool $165 million off the deal.
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Tesla Motors

Instead of buying an island and living the high life after the PayPal sell, Musk went to work on getting the world off its dependency on oil. He founded Tesla Motors (now Tesla Inc.) in 2003, taking over an old Toyota-General Motors manufacturing plant in the Bay Area. The slick electric cars can travel 250 miles without a charge and sell for upwards of $100,000. Its "mass" car, the Model 3, is due out in 2018.
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Space X

Perhaps the project most important to Musk is SpaceX. Founded in 2002, the rocket company has worked with NASA on several launches. SpaceX made history when it developed "recycled" rockets that are able to be launched, landed and reused. Even more ambitious, Musk wants to send manned missions to Mars within the next decade... and colonize the red planet.
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Hyperloop

Musk frequently travels back and forth between NorCal and SoCal, and he wants to do it quickly. Enter Hyperloop, where passengers will be put in pods and shot through tubes connecting San Francisco and Los Angeles at speeds of up to 760 miles per hour. Musk sketched the concept in 2013, and it's now being pursued by a group in L.A. full-time.
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Neuralink

Musk is also big on artificial intelligence and hopes to find a way to directly connect humans to machines. That's where his Neuralink comes in. Co-founded by Musk in 2016, the company aims to integrate our minds with AI advancements via chip implants.
Via @nbashaw on Twitter
The Boring Company

The Boring Company aims to alleviate traffic by building an underground network of tunnels. Cars would be able to latch on to giant sleds and zip through tunnels at 125 mph or passengers can take futuristic glass buses if they want.
The Boring Company
SolarCity

Founded by Musk's cousins in 2006, SolarCity is the second-largest provider of solar panels in the USA. Musk owned 22 percent of its shares when Tesla bought-out the company for more than $2.5 billion in 2016.
Tesla Inc.

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The real-life Tony Stark is the poster boy for Silicon Valley entrepreneurship

Elon Musk has been at the forefront of Silicon Valley innovation for two decades. The South Africa-born entrepreneur has been linked to a number of high-profile, intriguing ventures... so let's take a look.

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7 Rad Projects Elon Musk Has Worked On (Photos)

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