December 23, 2024 06:25 PM Eastern Time

TelevisaUnivision Pulls Spanish-Language Programming From Fubo Impacting Thousands of Hispanic Consumers

NEW YORK--(BUSINESS WIRE)--FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, issued the following statement today:

Thousands of Spanish-speaking consumers across the U.S. have lost access to local news and weather - providing vital information affecting their communities - as a result of TelevisaUnivision pulling their programming from Fubo. This unfortunate development is the result of TelevisaUnivision refusing to offer what we believe to be fair and competitive rates.

Fubo has made considerable efforts and offered compromises to renew our long-standing content agreement for TelevisaUnivision and its affiliated channels. However, TelevisaUnivision presented us with a new contract with restructured terms that would increase prices by 25% for our subscribers. Furthermore, TelevisaUnivision’s unfair bundling and tying practices require Fubo subscribers to buy all of their channels, including the channels they don’t watch.

TelevisaUnivision, the biggest provider of Spanish language content in the U.S., is attempting to use its dominant market power to force Fubo to pay higher prices, resulting in our Spanish-speaking subscribers paying significantly more to receive vital local news and weather, as well as sports and popular entertainment programming, in Spanish. TelevisaUnivision further abuses our Hispanic customers who love sports: to get all of the sports content that TelevisaUnivision offers, Fubo subscribers still have to pay separately for Vix+.

As it is always Fubo’s mission to offer a leading selection of premium sports, news and entertainment content while also providing value, we cannot accept TelevisaUnivision’s conditions on behalf of our customers or our investors.

Fubo remains open to negotiating a new content agreement with TelevisaUnivision - but it must be fair and equitable for our subscribers. That includes accessing Spanish-language content in our Latino plan at a cost that is competitive.

Fubo has always been dedicated to serving the Hispanic community and we’re proud to offer a robust plan of the most-watched Spanish language programming for the lowest price, compared to other live TV streaming platforms. There is still Spanish-language content to enjoy on Fubo including networks like beIN Sports Español, Canela, Centroamerica TV, Cine Latino, Cine Sony Television, ESPN Deportes, Estrella, Estrella News, Euronews Espanol, FILMEX, FOX Deportes, Fubo Latino, Gol TV Spanish, Nat Geo Mundo, Noticias Telemundo Ahora, Nuestra Tele, Tastemade en Espanol, Telefe, Telemundo Acción, Todo Cine, Tr3s, TyC Sports and WAPA.

About Fubo

With a global mission to aggregate the best in TV, including premium sports, news and entertainment content, through a single app, FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO) aims to transcend the industry’s current TV model. The company operates Fubo in the U.S., Canada and Spain and Molotov in France.

In the U.S., Fubo is a sports-first cable TV replacement product that aggregates more than 400 live sports, news and entertainment networks and is the only live TV streaming platform with every Nielsen-rated sports channel (source: Nielsen Total Viewers, 2023). Leveraging Fubo’s proprietary data and technology platform optimized for live TV and sports viewership, subscribers can engage with the content they are watching through an intuitive and personalized streaming experience. It was the first virtual MVPD to launch 4K streaming and MultiView, which it did years ahead of its peers, as well as Instant Headlines, a first-of-its-kind AI feature that generates contextual news topics as they are reported live on air.

Learn more at https://fubo.tv

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