Fubo Expands Position as Home for Local Sports With MASN Carriage Agreement
FuboTV (FUBO) announces a carriage agreement with Mid-Atlantic Sports Network to stream Baltimore Orioles and Washington Nationals games, expanding its sports coverage ahead of the 2024 Major League Baseball season. The deal will offer over 500 live events annually to Fubo subscribers in a seven-state region, solidifying Fubo's position as a leading sports-first live TV streaming platform.
The agreement between FuboTV and Mid-Atlantic Sports Network (MASN) represents a strategic expansion in FuboTV's sports content offerings, particularly in terms of regional sports coverage. The deal enables FuboTV to stream over 500 live events annually, including every available game for the Baltimore Orioles and Washington Nationals, which could potentially increase subscriber engagement and retention rates, especially among baseball fans within the seven-state region.
From a market research perspective, the inclusion of MASN's content on FuboTV's platform could strengthen Fubo's competitive positioning within the sports streaming niche. FuboTV's sports-focused strategy, which includes 55,000 live sporting events and the addition of 4K streaming, aligns with the growing consumer demand for high-definition, accessible sports content. This move could also diversify FuboTV's revenue streams, as it may attract a broader demographic, including NCAA sports fans, further enhancing its appeal to advertisers seeking targeted audience segments.
Financially, the partnership with MASN is likely to have a tangible impact on FuboTV's top-line growth. The increase in exclusive content offerings is a key driver for subscriber growth, which is a critical metric for investors evaluating streaming platforms. The direct access to regional games and events could lead to higher subscription numbers and more stable Average Revenue Per User (ARPU), as sports fans are known for their loyalty and willingness to pay for quality content.
It is important to note that content acquisition costs associated with such deals can be substantial and may affect FuboTV's short-term profitability. Investors should monitor the company's quarterly financial reports following the implementation of this agreement to assess the impact on operating expenses and net income. However, if managed effectively, the long-term benefits of expanded content offerings could outweigh the initial costs, potentially leading to improved financial health and stock market performance for FuboTV.
From a sports media perspective, the addition of MASN's coverage to FuboTV's service is a significant development in the sports broadcasting industry. FuboTV's emphasis on becoming the 'home for local sports' taps into a dedicated fanbase that values regional sports networks (RSNs) and team-specific coverage. The ability to stream in 4K also enhances the viewer experience, setting a new standard for sports broadcasting quality in the streaming era.
Moreover, as cord-cutting trends continue, FuboTV's positioning as a sports-first platform with comprehensive MLB coverage could capture a significant share of the market transitioning away from traditional cable subscriptions. This partnership also reflects the evolving dynamics between RSNs and streaming services, indicating a shift towards more flexible and accessible viewing options for sports content, which could have broader implications for the distribution strategies of sports networks and the media rights landscape.
03/12/2024 - 04:00 PM
Fubo to Stream Baltimore Orioles and Washington Nationals Ahead of 2024 Major League Baseball Season
NEW YORK --(BUSINESS WIRE)--
FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), and Mid-Atlantic Sports Network (MASN) announced today a carriage agreement that will expand streaming coverage of the Baltimore Orioles and Washington Nationals to the leading sports-first live TV streaming platform.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240312351703/en/
Ahead of Major League Baseball Opening Day (March 28, 2024), MASN will be available to Fubo subscribers across a seven-state region, from Harrisburg, Pa. , to Charlotte, N.C. Fubo will stream MASN’s coverage of every available game of both the Baltimore Orioles and Washington Nationals, pre- and postgame shows, and NCAA Division I men's and women's sports, totaling more than 500 live events annually.
The addition of MASN further solidifies Fubo’s position as the home for local sports. Fubo’s leading sports offering includes more than 55,000 live sporting events annually, with many streaming in 4K, and over 35 regional sports networks in its base package at the lowest cost compared to other streaming options. Fubo is also the streaming leader in Major League Baseball coverage carrying MLB.TV, MLB Network, MLB Strike Zone, regional sports networks (RSNs), local broadcast networks and national sports networks ESPN and FS1. In addition to its leading sports coverage, Fubo also streams popular live entertainment and news programming and features more than 40,000 TV shows and movies on-demand each month.
“Fubo is proud to be the home for local sports and the addition of MASN will bring Baltimore Orioles and Washington Nationals fans even more access to their favorite teams for the 2024 MLB season,” said Todd Mathers, senior vice president, content strategy and acquisition, Fubo. “We look forward to expanding baseball coverage across the mid-Atlantic region with Fubo’s leading MLB offering.”
“MASN is excited to partner with Fubo and provide Orioles and Nationals fans with an exciting new option to connect with their favorite teams throughout our seven-state television territory,” said John McGuinness, senior vice president, MASN. “Fubo has become a leading sports media platform and this new partnership will deliver O’s and Nats baseball to a significant new audience.”
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 300 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. Fubo has continuously pushed the boundaries of live TV streaming. 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
About MASN
The Mid-Atlantic Sports Network (MASN) is a regional sports network and multimedia platform that televises every available game of both the Baltimore Orioles and Washington Nationals, pre- and postgame shows, and NCAA Division I men’s and women’s sports, totaling more than 500 live events annually. The network is available in a seven-state region, from Harrisburg, Pa. , to Charlotte, N.C. , on more than 20 cable and fiber optic providers, and is televised nationally via satellite provider DirecTV. MASN’s digital home – www.masnsports.com – features news and sports content and offers in-market streaming of both O’s and Nats games. MASN has won more than 100 Emmy and Addy awards for broadcast and marketing excellence.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements of FuboTV Inc. (“Fubo”) that involve substantial risks and uncertainties. All statements contained in this press release that do not relate to matters of historical fact are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, including statements regarding our business strategy and plans, partnerships, carriage agreements and channel programming, and live sporting events. The words “could,” “will,” “plan,” “intend,” “anticipate,” “approximate,” “expect,” “potential,” “believe” or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that Fubo makes due to a number of important factors, including but not limited to the following: our ability to achieve or maintain profitability; risks related to our access to capital and fundraising prospects to fund our financial operations and support our planned business growth; our revenue and gross profit are subject to seasonality; our operating results may fluctuate; our ability to effectively manage our growth; the long-term nature of our content commitments; our ability to renew our long-term content contracts on sufficiently favorable terms; our ability to attract and retain subscribers; obligations imposed on us through our agreements with certain distribution partners; we may not be able to license streaming content or other rights on acceptable terms; the restrictions imposed by content providers on our distribution and marketing of our products and services; our reliance on third party platforms to operate certain aspects of our business; risks related to the difficulty in measuring key metrics related to our business; risks related to preparing and forecasting our financial results; risks related to the highly competitive nature of our industry; risks related to our technology, as well as cybersecurity and data privacy-related risks; risks related to ongoing or future legal proceedings; and other risks, including the effects of industry, market, economic, political or regulatory conditions, future exchange and interest rates, and changes in tax and other laws, regulations, rates and policies. Further risks that could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements are discussed in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission and our other periodic filings with the SEC. We encourage you to read such risks in detail. The forward-looking statements in this press release represent Fubo’s views as of the date of this press release. Fubo anticipates that subsequent events and developments will cause its views to change. However, while it may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. You should, therefore, not rely on these forward-looking statements as representing Fubo’s views as of any date subsequent to the date of this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240312351703/en/
Investor Contacts
asternberg@fubo.tv
ir@fubo.tv
Media Contacts
jpress@fubo.tv
billion@fubo.tv
Source: Fubo
FuboTV (FUBO) announced a carriage agreement with Mid-Atlantic Sports Network to stream Baltimore Orioles and Washington Nationals games ahead of the 2024 Major League Baseball season.
Over 500 live events annually will be available to Fubo subscribers in a seven-state region, including pre- and postgame shows, NCAA Division I men's and women's sports, and more.
The addition of MASN solidifies Fubo's position as the home for local sports, offering a leading sports-first live TV streaming platform with over 55,000 live sporting events annually.
FuboTV also offers streaming coverage of MLB.TV, MLB Network, MLB Strike Zone, regional sports networks (RSNs), local broadcast networks, and national sports networks ESPN and FS1.
