Key points:
- FuboTV enters multi-year partnership with Hemisphere Media Group
- The companys new partnership will maintain FuboTV’S targetting of varying demographics
- The market failed to react strongly to the news, with FUBO stock edging 0.4% higher
Over the last year or so, TV streaming platform FuboTV (NYSE: FUBO) has been rapidly expanding its digital streaming services; utilizing key media providers in differing emerging markets to maximize new subscribers and develop a firm global footprint. Today, the company announced that the Hemisphere Media Group – the leading television platform for U.S Hispanic and Latin American markets – has entered a multi-year agreement with FuboTV.
The partnership will allow subscribers of FuboTV’s Latino plan to access all five of Hemispheres cable networks – further diversifying the company’s product portfolio, and in turn, the demographic of subscribers – through targeted culturally relevant content.
Hemispheres’ vast content offering includes top-rated news and entertainment programs from Puerto Rico; blockbuster hits and drama series’ from Mexico, Latin America, Spain, and the Caribbean. The new partnership will see the content go live in the U.S and Puerto Rico in Q1 of 2022.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Alan J. Sokol, President & CEO of Hemisphere Media Group, commented:
“As content providers, it is imperative to stay at the forefront of new technologies and platforms, growing and developing with them, and so we look to create partnerships that keep us at the vanguard of the industry, simultaneously improving our ability to serve our audiences and deliver on our mission. We are thrilled about this new partnership which further amplifies our offering and allows us to improve our reach in markets populated by the communities we serve.”
The partnership failed to spark much of a reaction in the market today, with FUBO stock trading at a slight gain of 0.47%.
