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FuboTV Stock Gains After Acquiring Streaming Rights to South America WC Qualifying Matches

Sam Boughedda
Sam Boughedda trader
Updated 9 Apr 2021

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Shares of sports streaming platform fuboTV Inc (NYSE: FUBO) are rallying premarket on Friday after the company said it has acquired the exclusive rights to the South American Qatar World Cup 2022 qualifying matches.

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The agreement is a partnership with the 10 South American teams’ rights holders, although the deal’s terms were not disclosed.

Fubo has the exclusive OTT live streaming rights for the remaining 70 matches, including Qatar World Cup 2022 Qualifiers, with games scheduled to begin in June.

They also have the re-air and highlights rights with matches featuring both English and Spanish commentary.

The company said it will produce further original programming for the games, including pre, half-time, and post-match shows.

“By offering the best of South American soccer in advance of Qatar 2022, we are further differentiating fuboTV’s sports-first content portfolio enabling us to engage with more consumers than ever before,” commented David Gandler, co-founder and CEO of fuboTV.

The company’s shares are up 9.08% premarket at $22.58.

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Sam Boughedda
Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.