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David Gandler Edgar Bronfman-Junior Coronavirus Covid-19 pandemic reports 2020 David Gandler Edgar Bronfman-Junior

FuboTV Says COVID-19 Impact Will Be "Significant"

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

FuboTV, a streaming service offering a bundle of sports TV channels, on Monday warned the COVID-19 pandemic will hit its full-year 2020 financial results. "Although we continue to offer our services, without live sports, there is no assurance we will continue to maintain our subscriber base or continue to receive advertising dollars," the streamer said in a shareholders letter from CEO David Gandler that revealed preliminary financial results for fiscal 2019.

FuboTV, which recently merged with tech player Facebank Group and installed Edgar Bronfman Jr. as executive chairman, said it ended 2019 with 316,000 paid subscribers, against a year-earlier 229,000.

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