Fox, AMC Networks Lead $75 Million Funding Round for FuboTV

Sports-oriented online network takes on YouTube, Sling TV
More than 100,000 people pay for startup’s live TV service

Fox, Scripps Join $55 Million Round for FuboTV Streaming Startup — Photographer: Alexander F. Yuan/Bloomberg

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By Lucas Shaw

April 18, 2018 at 7:30 PM UTC

This article is for subscribers only.

21st Century Fox Inc., AMC Networks Inc. and Sky Plc are among the media companies investing $75 million in FuboTV Inc., a sports-oriented online video service that offers subscribers a less-expensive alternative to cable and satellite packages.

FuboTV will use the proceeds to hire more engineers and cover the cost of live programming from networks including CBS, Fox and NBC, according to a statement Wednesday. More than 100,000 people pay FuboTV for 70 or more channels delivered over the Internet. The basic package costs $45 a month, while additional services devoted to specific sports and premium channels cost more.