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Hemisphere Media Group Networks Announce Multi-Year Agreement With fuboTV

Stock MarketsJan 12, 2022 02:02PM ET
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© Reuters.

By Sam Boughedda

Investing.com — Fubotv Inc (NYSE:FUBO) shares rose 1.15% after Hemisphere Media Group Inc (NASDAQ:HMTV) struck a multi-year carriage agreement with fuboTV.

The streaming service's partnership with Hemisphere is said to provide subscribers access to all five of Hemisphere's cable networks, which serves the U.S. Latino market. In addition, subscribers will be given access to Hemisphere's other content, including entertainment and news from Puerto Rico, films from Mexico, Latin America, Spain, and the Caribbean, sports programming, and critical news.

"Virtual MVPD platforms continue to experience robust growth, and we applaud our partners at fuboTV for seeking to offer a comprehensive viewing experience to consumers, particularly Hispanic/Latino viewers, by providing them with the high-quality differentiated content they seek," said Alan Sokol, president, and CEO of Hemisphere.

Sokol added that he hopes the partnership will "allow us to improve our reach in markets populated by the communities we serve."

Earlier this week, Fubo reported its preliminary results showing fourth quarter revenue is expected to be between $215 million and $220 million.

Hemisphere Media Group Networks Announce Multi-Year Agreement With fuboTV
 

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Aleksandr Rogovoy
Aleksandr Rogovoy Jan 13, 2022 5:52PM ET
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