FuboTV extends 4-day rally to 89% on report the streaming service is eyeing exclusive sports content deals
FuboTVsurged as much as 28% on Monday following a report that the streamingservice is considering exclusive sports-content deals.
- CEO David Gandler told Voices of Wall Street host Dion Rabouin that "everything is always on the table" as it explores the potential of forming exclusive partnership deals for live sports offerings.
- Shares of fuboTV are up 89% over the past four days, pushing year-to-date gains to 463%.
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"Everything is always on the table" when it comes to fuboTV striking exclusive sports content deals for its sports-centric video streaming service, according to CEO David Gandler's recent interview with Voices of Wall Street.
That up-in-the-air outlook regarding fuboTV acquiring exclusive sports rights sent shares surging as much as 28% on Monday, extending its four day win streak to 89%. Shares of fuboTV are up 463% year-to-date as of Monday afternoon.Gandler told the podcast host Dion Rabouin that fuboTV "should be looking at" forming exclusive partnership deals for live sports offerings. That could push other sports-dedicated streaming companies like ESPN+ towards further content siloing, according to Axios.
The streaming platform currently carries sports programming from ESPN, NFL RedZone, NBA TV, NHL Network, MLB Network, and Strikezone, among others. The streaming service also carries non-sports content from popular networks like NBC, CBS, ABC, AMC, and Viacom owned channels like Nickelodeon and MTV.Read more: Bank of America unveils its top stock pick in each of the 11 S&P 500 sectors and explains why they're poised to dominate in the year ahead
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