- FuboTV surged as much as 28% on Monday following a report from Axios that the streaming service is considering exclusive sports-content deals.
- CEO David Gandler told Axios that “everything is always on the table” as it explores the potential of forming exclusive partnership deals for live sports offerings.
- Shares of fuboTV are up 89% over the past four days, pushing year-to-date gains to 463%.
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“Everything is always on the table” when it comes to fuboTV striking exclusive sports content deals for its sports-centric video streaming service, according to CEO David Gandler’s recent interview with Axios.
That up-in-the-air outlook regarding fuboTV acquiring exclusive sports rights sent shares surging as much as 28% on Monday, extending its four day win streak to 89%. Shares of fuboTV are up 463% year-to-date as of Monday afternoon.
Gandler told Axios that fuboTV “should be looking at” forming exclusive partnership deals for live sports offerings. That could push other sports-dedicated streaming companies like ESPN+ towards further content siloing, according to Axios.
FuboTV’s recent stock price surge could give the company more fire-power as it looks to acquire exclusive content, with its market capitalisation well above $US6 billion as of Monday trades, according to data from Bloomberg.
The streaming platform currently carries sports programming from ESPN, NFL RedZone, NBA TV, NHL Network, MLB Network, and Strikezone, among others. The streaming service also carries non-sports content from popular networks like NBC, CBS, ABC, AMC, and Viacom owned channels like Nickelodeon and MTV.