Latest news with #DavidGandler
Yahoo
3 days ago
- Business
- Yahoo
Fubo and DAZN Strike Multi-Year Sports TV Network Partnership
Fubo and DAZN have struck a multi-year deal that will see the sports streamers distribute their owned-and-operated linear channels, which include exclusive sports rights, on each other's platforms in the U.S. Under the agreement, Fubo will be home to DAZN's exclusive boxing and MMA events through the launch of a DAZN1 linear channel launching Tuesday. Fubo subscribers can purchase DAZN1 as a stand-alone or as an add-on to the company's virtual MVPD product. Fubo will also offer its customers DAZN's live Pay-Per-View events. Meanwhile, DAZN will offer Fubo Sports, the company's free ad-supported streaming TV (FAST) channel featuring 400 live sporting events annually, as well as sports documentaries and movies. The move is part of the first phase of an 'integrated partnership,' which the companies said would include additional collaborations in the future. 'Fubo and DAZN's partnership delivers more premium sports to fans, wherever they choose to watch,' Fubo co-founder and CEO David Gandler said in a statement. 'Adding DAZN's unmatched fight content enhances our sports entertainment lineup while offering customers greater flexibility. We're also excited to expand our FAST channel, Fubo Sports, through DAZN and explore further opportunities with Shay and his team.' 'Our deal with Fubo enables DAZN to increase access to top-tier sports content for fans in the U.S. and Canada, as we continue to provide the ultimate sports entertainment experience,' DAZN Group CEO Shay Segev added. 'Fubo's viewers can now watch the world's leading fight talent compete in unmissable events as part of a new DAZN premium fight package. Meanwhile, the launch of Fubo Sports on the DAZN platform will be an exciting addition to our ever-expanding portfolio of premium sports content.' Launched in 2015, Fubo offers exclusive UEFA soccer matches as well as live events from Bare Knuckle Fighting Championship (BKFC), Professional Fighters League (PFL) and World Poker Tour. Meanwhile, DAZN features European football, women's football, boxing and MMA, the NBA, MotoGP and the NFL. Its football rights include Bundesliga, English Premier League, J. League, LALIGA, Ligue 1, Serie A, and the UEFA Champions League and UEFA Women's Championship League. The platform is available in more than 200 markets around the world, including Italy, Spain, Germany, Austria, Switzerland, Belgium, France, Portugal, Japan, Taiwan, Canada, the U.S. and U.K. The post Fubo and DAZN Strike Multi-Year Sports TV Network Partnership appeared first on TheWrap.
Business Wire
3 days ago
- Business
- Business Wire
Fubo, DAZN Strike Multi-Year Integrated Partnership
NEW YORK--(BUSINESS WIRE)--FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, and DAZN, the leading global sports entertainment platform, announced today a multi-year partnership in which both sports streaming companies will distribute their owned-and-operated linear channels, which include exclusive sports rights, on each other's U.S. platforms. Today's announcement kicks off the first phase of the integrated partnership, which will include additional collaborations in the future. Starting today, Fubo is home to DAZN's exclusive boxing and MMA events through the launch of a new linear channel, DAZN1, featuring DAZN's premium live fights and on-demand content. Available to the marketplace for the first time, Fubo customers can purchase DAZN1 as a stand-alone subscription or as an add-on to Fubo's virtual MVPD product. DAZN is launching Fubo Sports, Fubo's popular free ad-supported streaming TV (FAST) channel featuring 400 live sporting events annually as well as sports documentaries and movies. Launched by Fubo in 2019, Fubo Sports currently features exclusive UEFA soccer matches as well as live events from Bare Knuckle Fighting Championship (BKFC), Peak Fighting and Ultimate Strongman. Fubo Sports is available on Fubo, as well as nearly a dozen free streaming platforms. Select Fubo Sports programming is also available on the network's YouTube channel. Additionally, the partnership enables Fubo to offer its customers DAZN's live Pay-Per-View events. 'Fubo and DAZN's partnership delivers more premium sports to fans, wherever they choose to watch,' said David Gandler, co-founder and CEO of Fubo. 'Adding DAZN's unmatched fight content enhances our sports entertainment lineup while offering customers greater flexibility. We're also excited to expand our FAST channel, Fubo Sports, through DAZN and explore further opportunities with Shay and his team.' Shay Segev, DAZN Group CEO, said: 'Our deal with Fubo enables DAZN to increase access to top-tier sports content for fans in the U.S. and Canada, as we continue to provide the ultimate sports entertainment experience. Fubo's viewers can now watch the world's leading fight talent compete in unmissable events as part of a new DAZN premium fight package. Meanwhile, the launch of Fubo Sports on the DAZN platform will be an exciting addition to our ever-expanding portfolio of premium sports content.' 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. Ranked among The Americas' Fastest-Growing Companies 2025 by the Financial Times, 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 aggregating more than 400 live sports, news and entertainment networks and is the only live TV streaming platform with every English-language Nielsen-rated sports channel (source: Nielsen Total Viewers, 2024). 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, and was the first virtual MVPD to launch 4K streaming, MultiView and personalized game alerts. Learn more at About DAZN DAZN, the home of European football, women's football, boxing and MMA, and the NFL in more than 200 markets, is creating the world's biggest sports entertainment platform. A leading sports streaming service in Italy, Spain, Germany, Austria, Switzerland, Belgium, France, Portugal, Japan, Taiwan, Canada, the U.S. and UK, its wide range of content covers top-flight football from the world's most popular competitions. DAZN's football rights include Bundesliga, English Premier League, J. League, LALIGA, Ligue 1, Serie A, and the UEFA Champions League, helping make DAZN the largest broadcaster of football in Europe. DAZN is the global home of women's football, featuring the UEFA Women's Champions League and top-tier domestic league and cup competitions. DAZN's platform features the biggest sports from around the world - Formula 1, NFL, NBA, MotoGP and the best in boxing and MMA. It is the only place for fans around the world to watch every NFL match outside North America. DAZN is building the ultimate sports entertainment service, where fans from across the globe can watch, read, bet, play, share, socialise, buy tickets and merchandise, all in one place, with one account, one wallet and on one app. For more information on DAZN, our products, people, and performance, visit Fubo 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, sports programming and live events, and distribution. 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 the transactions contemplated by our business combination agreement with The Walt Disney Company and Hulu, LLC; 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; our ability 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 Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 filed with the Securities and Exchange Commission ('SEC') 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.
Daily Mirror
3 days ago
- Business
- Daily Mirror
How US-owned clubs have learnt to win 20 years after Glazers' arrival at Man Utd
Next season's Premier League will feature 13 clubs with an American shareholder and after dominant season across top three tiers, the "Thanks but no yanks" era has become ancient history It is 20 years on from the Glazers' controversial arrival in Manchester and 15 since the 'Thanks but no yanks' campaign at Liverpool. But now US-backed clubs are coming off the back of an unprecedented season. For American owners, success was always going to shrink the stigma. The top two in the Premier League, Championship and League One were all at least part-backed by Americans. So too FA Cup winners Crystal Palace, while Chelsea last week secured a first bit of silverware for their great disruptors from across the Atlantic. But with 65 per cent of next season's Premier League clubs owned by them and the domino effect extending to more than a quarter of clubs in the EFL, is it the law of averages or have several cracked the code? 'I don't know if it's causation or correlation,' says New York-based David Gandler, the latest arrival having recently completed a majority takeover of Leyton Orient, who then lost the third-tier play-off final to another US-financed team in Charlton. 'But you can see, in the UK, football is life, religion and tradition. It's very difficult not to get caught up in the excitement. That's the draw here.' That is a feeling shared by Tom Wagner's Knighthead Capital group at Birmingham, which also includes NFL legend Tom Brady, and Wrexham's Hollywood heroes Ryan Reynolds and Rob McElhenney – League One's top two. Both have concertedly bedded into the communities that sustain their clubs – perhaps realising from the missteps of those who have gone before. Earlier this season Wagner told the Wall Street Journal that the success is down to 'a set of professional sports owners that are taking a very intentional approach to building businesses.' But another factor for those operating down the pyramid is that, beyond the super rich, they have been priced out of purchasing teams in closed shop leagues at home. Even for those succeeding there are still tension points off the pitch – not least around the so-called matchday experience and sharp-rising ticket prices at several clubs. But for those flying high on the grass there are some commonalities. Arsenal and Liverpool are harvesting the rewards of being among the first to embrace data. And it is no coincidence that their owners have tentacles planted deep in American sports where those analytical models originated. Crucially they have developed a structure of experts to separate the signal from the noise. As former midfielder Joe Cole said, when evaluating the Clearlake Capital-Todd Boehly stewardship of Chelsea, 'the best approach is data-driven, expert-led.' Another theory is that those with pre-existing backgrounds in American sports that have long worked with salary caps and luxury taxes have been better at adapting to the now more strictly-applied financial fair play rules. Triumphing on the pitch, however, is yet to translate into making many of these clubs profitable. Before sealing a third consecutive promotion, Reynolds described investing in Wrexham as 'like lighting money on fire except it doesn't keep you warm.' Which means a crunch point will come. The vast majority are here to make money, whether by taking over distressed assets in the lower leagues and building them up or finding new revenue streams at established giants such as Chelsea. 'For some it's just diversification of portfolio, for others it's the allure of sport,' Gandler adds. 'But everyone thinks they can win and that's contagious.'
Yahoo
02-05-2025
- Business
- Yahoo
Fubo Shares Plunge on Weak Ad Revenue as Hulu Plans Proceed
Shares of sports-centric streaming platform Fubo dropped 17% in early trading Friday after the company announced quarterly results that drew concern over ad revenue and worldwide growth despite the business beating expectations for the period. Fubo (FUBO) posted revenue of $416.29 million and a net loss per share of two cents in the first quarter, ended March 31, both slightly bettering the consensus of seven brokerage analysts following the company, according to data from S&P Global Market Intelligence. North American subscribers slipped to nearly 3% to equal 1.47 million at quarter's end, a level Fubo said was better than they expected. Fubo customers can add or drop the service without a contract, making subscriber levels typically volatile with the end of various sports seasons. More from YouTube Teases New Features for 20th Anniversary as NFL Ties Grow YouTube Is Wildly Rich and Popular. That's Bad News for Sports TV. YouTube TV's March Madness Has Its Own Selection Committee 'We are pleased with these results, which came against a typically lighter first quarter sports calendar and a broader backdrop of economic uncertainty,' CEO David Gandler said in prepared remarks on a conference call Friday morning. The executive also said they aim to launch a combined skinny streaming bundle in combination with Hulu, featuring sports and broadcast channels from Disney and other providers in time for the autumn sports season. Still, traders were displeased with results, sending Fubo down as much as 50 cents a share to $2.43 in early trading on the New York Stock Exchange. Based on analysts' questions during the morning conference call, concerns seem to revolve around an 11% drop in subscriber levels outside the U.S. over the past six months, a 17% drop in ad-related revenue and the continued absence of some Spanish language content, the latter two driven by Warner Bros. Discovery and Televisa Univision networks leaving the platform. Fubo lost ad capacity it can sell into channels it carries with the disappearance of both from the platform, and the decline in Spanish content has led to higher subscriber churn. 'Our goal has always been profitability, profitability over growth,' Gandler said in response to a question over global business. 'International is an important piece to the long-term trajectory of this business … and we're getting everything ready to expand at the right moment at the right time.' On the Spanish-language front, Televisa Univision had indicated on its own earnings call that it was seeking discussions with Fubo about returning to the platform, but Fubo executives said there were no updates to be given, emphasizing they would only carry networks at acceptable terms. 'We're very focused on completing our content deals with non-Disney partners. But of course, we've made it very clear that it has to be on acceptable terms at a fair market price with the same flexibility as other distributors,' Gandler said. Fubo's outlook for the current period likely heaped on concerns as well. The company said it sees a 14% decline year over year on North American subscribers and a 10% decline of worldwide revenue to around $345 million, even while saying it's not seeing much impact from recent economic worries. The company said in the longer term, it expects technological advances, such as gamified and interactive ads, as well as the combination with Hulu, to drive profitability and scale in the business. Best of Most Expensive Sports Memorabilia and Collectibles in History The 100 Most Valuable Sports Teams in the World NFL Private Equity Ownership Rules: PE Can Now Own Stakes in Teams Sign in to access your portfolio
Daily Mirror
28-04-2025
- Business
- Daily Mirror
EFL's newest American owner makes promise to fans as bold ambition made clear
Media investor David Gandler has taken a majority stake in League One play-off hopefuls Leyton Orient and despite ambitious plans for the future has promised supporters that the club will build sustainably New Leyton Orient owner David Gandler has told fans bruised by the past that they are right to be skeptical and the American media investor insists his awareness of the club's recent history means sustainability is the top priority as they eye a return to the Championship. The Os can seal a League One play-off spot if they match Reading's result on Saturday and Gandler, whose 78 per cent purchase was announced last weekend, says 'the goal, without putting a timeline on it, is to progress to the Championship.' But having been reminded by the supporters he has met of their recent difficult history, including two relegations in three seasons plus a winding-up order under ex-owner Francesco Bechetti, the TV executive says: 'My message is you can remain skeptical because trust is earned. 'This is an amazing club and the people around it have made it very clear what happened between 2014 and 2017. That's why it's very important for us to maintain continuity. This is not about achieving certain levels really quickly. We'll continue to do everything we can to ensure the club remains on track but doesn't spend recklessly.' Gandler previously owned a stake in French second-tier side Paris FC and made his money through the streaming service His interest in Orient was piqued last December when introduced to outgoing majority shareholder Nigel Travis by a mutual friend. Club saviour Travis, 77, stepped in after Bechetti's sunk the club to non-League and will remain as chairman plus keep a minority stake. Gandler plans to visit from his New York base half a dozen times next season and will be happy to work quietly behind the scenes. 'I'm playing a supporting role,' he added, stressing that the 'heritage' of the club must remain central. Orient do hold ambitious expansion plans. They are in talks with the local council around a new stadium, which would ideally be double the capacity of Brisbane Road's 9,200, while they are also exploring options around a new training ground. Chief executive Mark Devlin added: 'We've been speaking to the council for a few months. We're looking at 17- to 20,000. We're looking at a number of sites but we're very cognisant of the fact we're Leyton Orient and if at all possible stay in Leyton but definitely in the borough of Waltham Forest.'
