2024-03-13 18:12:12 ET
Summary
- fuboTV Inc. has filed a class action lawsuit against Disney, Fox, and Warner Bros. Discovery over a sports streaming joint venture, or JV, that poses a threat to its business.
- The JV plans to offer a bundle of sports content from various networks, potentially attracting sports-centric fans away from fuboTV.
- fuboTV's weak financials, including large losses and limited subscriber growth, make it a risky investment.
While fuboTV Inc. ( FUBO ) has made some progress towards fixing the business, the media company still has cash flow issues to resolve. The large sports media partnership discussed below provides an existential threat to its whole business plan of providing a curated sports-centric entertainment offering. My investment thesis remains Neutral on the stock, even after the dip back below $2, due more to the ongoing weak financials....
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fuboTV: Sports JV Not The Biggest Threat