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Startup Streaming Service FuboTV Secures $55M In Funding Round

Sports-focused streaming service FuboTV has raised $55M in a "sizable round" of Series C funding from investors including Fox, Scripps Network Interactive and Sky. This brings the N.Y.-based startup to $75.6M raised to date. The company "will use the capital infusion to expand programming, marketing and infrastructure" for its OTT service, which is "fighting for subscribers against AT&T's DirecTV Now, Dish Network's Sling TV, YouTube YV, Hulu's live TV service and Sony's PlayStation Vue" (VARIETY.com, 6/19).

Meanwhile, Vice Media has secured a $450M investment from private equity firm TPG, as the "youth-focused digital media company looks to step up its spending on scripted programming and plans a direct-to-consumer service," according to sources. The deal reportedly "will give Vice a valuation" of around $5.7B, "including the new investment." Disney, which has pumped $400M into Vice and owns an 18% stake, "didn’t participate in the funding round" (WSJ.com, 6/19).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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