DIS - fuboTV: Good Night Sweet Prince
2024-02-09 09:26:17 ET
Summary
- fuboTV has struggled due to its flawed business model as a vMVPD, and the recent announcement of a sports-only joint venture by Disney, Fox, and Warner Bros. poses a significant threat.
- The joint venture will offer a one-stop shop for linear sports-broadcasting networks, making it difficult for fuboTV to compete.
- fuboTV lacks pricing power as a middleman, and the network owners can offer lower pricing through a direct-to-consumer product.
fuboTV Inc. ( FUBO ) operates a sports-focused vMVPD provider by the same name. Over the last several years, FUBO has had an interesting tailwind as the company has served as one of the few streaming pure-play stocks in the public markets after much larger companies like Netflix ( NFLX ) and Roku ( ROKU ). I've personally covered the ticker for Seeking Alpha four times previously and have bounced around from "hold," "sell," and I even called it a "buy" at one point....
fuboTV: Good Night Sweet Prince