FUBOTV, ALTITUDE SPORTS ANNOUNCE CARRIAGE AGREEMENT, NEWEST STREAMING DEAL FOR DENVER NUGGETS, COLORADO AVALANCHE COVERAGE
NEW YORK – OCTOBER 6, 2022 – FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, and Altitude Sports, the regional sports network (RSN) home to the Stanley Cup champion Colorado Avalanche (NHL) and Denver Nuggets (NBA), announced today a multi-year carriage agreement that will expand TV coverage of both teams.
Altitude Sports will be available to FuboTV subscribers in 10 Rocky Mountain states just ahead of the 2022-2023 NHL and NBA seasons. Fubo will stream Altitude Sports’ coverage of the Denver Nuggets (74 regular season games), the Colorado Avalanche (69 regular season games) and the Colorado Mammoth (NLL). A full list of Altitude Sports programming and coverage area can be found at www.altitudesports.com.
The addition of Altitude Sports strengthens FuboTV’s leading sports offering, which includes more than 50,000 live sporting events annually, with many streaming in 4K, and more than a dozen regional sports networks in its base package. The agreement also increases FuboTV’s local coverage in Colorado, where it already carries ABC, CBS, FOX, NBC, Telemundo and Univision affiliates in Denver and Colorado Springs-Pueblo, alongside national sports networks ESPN, FS1, CBS Sports Network, the Pac-12 Networks and many more. In addition to sports, FuboTV also streams popular live entertainment and news programming and features more than 40,000 TV shows and movies on-demand each month.
“We’re thrilled to expand FuboTV’s leading sports coverage with the addition of Altitude Sports and bring fans of the Colorado Avalanche, Denver Nuggets and Colorado Mammoth an affordable streaming option in the seasons ahead,” said Todd Mathers, senior vice president, content strategy and acquisition, FuboTV. “FuboTV is a leading choice for hometown sports, alongside our national and international sports coverage. Today’s distribution partnership means fans across the Rockies will be able to stream all available home games for some of the most loved teams in the region.”
“We couldn’t be more excited that Altitude Sports will be added to FuboTV’s Pro Package,” said Matt Hutchings, president & CEO of KSE Media Ventures. “FuboTV becomes the newest streaming option for our fans as we continue to expand Altitude’s distribution throughout the Rocky Mountain Region. Best of all, FuboTV values those fans and provides them a great option for following their hometown teams.”
About FuboTV
With a mission to build the world’s leading global live TV streaming platform with the greatest breadth of premium content and interactivity, FuboTV Inc. (NYSE: FUBO) aims to transcend the industry’s current TV model. FuboTV Inc. operates in the U.S., Canada, France and Spain.
Leveraging its proprietary data and technology platform optimized for live TV and sports viewership, FuboTV Inc. aims to turn passive viewers into active participants and define a new category of interactive sports and entertainment television. The company's sports-first cable TV replacement product, FuboTV, offers U.S. subscribers more than 100 live sports, news and entertainment networks and is the only live TV streaming platform with every Nielsen-rated sports channel (source: Nielsen Total Viewers, 2021). Subscribers can interact with FuboTV’s live streaming experience through Fubo Sportsbook (in markets where available), free games and pick’ems, which are integrated into select sports content.
About Altitude Sports
Seen in a 10-state territory, Altitude Sports is the television network of the Denver Nuggets, Colorado Avalanche, Colorado Mammoth, and Colorado Rapids. Altitude Sports broadcasts University of Denver sports (including hockey, basketball, soccer, volleyball, gymnastics, and lacrosse), the Air Force Academy (football, basketball, and hockey), as well as other local and regional sports, entertainment, and public service programming. A full list of Altitude Sports programming and other information can be found at www.altitudesports.com
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements of FuboTV Inc. (“FuboTV”) 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 partnerships, market opportunity and business strategy and plans. 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 FuboTV makes due to a number of important factors, including but not limited to risks related to our pursuit and engagement in acquisitions; our actual operating results may differ significantly from our guidance; risks related to FuboTV’s access to capital and fundraising prospects to fund its ongoing operations and support its planned growth; risks relating to diverting management’s attention from FuboTV’s ongoing business operations to address integration and fundraising efforts; 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 our technology, as well as cybersecurity and data privacy-related risks; our ability to achieve or maintain profitability; our revenue and subscribers are subject to seasonality; our operating results may fluctuate; our ability to attract and retain subscribers; we may not be able to license streaming content or other rights on acceptable terms; risks related to our ability to capitalize develop and market a sports wagering offering and the regulatory regime and related risks associated with such offering; risks related to the strategic review of our wagering business, including our ability to identify a strategic partner; risks related to the difficulty in measuring key metrics related to our business; risks related to the highly competitive nature of our industry; 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, including the impact of COVID-19 on the broader market. 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 June 30, 2022 filed with the Securities and Exchange Commission (“SEC”) on August 8, 2022 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 FuboTV’s views as of the date of this press release. FuboTV 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 FuboTV’s views as of any date subsequent to the date of this press release.
Investor Contacts
Alison Sternberg, FuboTV
JCIR for FuboTV
Media Contacts
Jennifer L. Press, FuboTV
Bianca Illion, FuboTV
Matt Krol, Altitude Sports
Matt.krol@teamkse.com
