OTT Service FuboTV Raises $75M

The over-the-top live streaming video service FuboTV has raised $75 million in a Series D funding round, the company said Wednesday.

With the new funding round, FuboTV has raised a total of $150 million. The company plans to use its new funding to expand its product and engineering teams, to invest in more marketing activity and content, and to launch new features and apps.

The new round includes funding from AMC Networks, as well as  prior investors 21st Century Fox, Luminari Capital, Northzone, Sky and Scripps Networks Interactive, which is now owned by Discovery.

FuboTV is a streaming bundle of cable and broadcast TV channels, much like competitors Sling TV, DirecTV Now, Hulu with Live TV and YouTube TV.

Unlike those bundles, however, Fubo focuses its marketing on sports fans, and includes more sports channels and RSNs in its basic lineup. That means FuboTV has a higher price than many competitors, but for sports fans looking to cut the cord, it presents an appealing option.



While FuboTV has received much of its funding from large media companies, unlike Sling, YouTube TV and the other main competitors, it is independent, and not a subsidiary of a major TV distributor or tech company.

The company said last September that it had more than 100,000 paid subscribers.

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