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David Gandler New York Entertainment Celebrity David Gandler New York

FuboTV to Merge With FaceBank, Which Takes Out $100M Loan to Fund Fubo’s Operations

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variety.com
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Over-the-top TV provider FuboTV is getting a lifeline in the form of a proposed merger with virtual entertainment company FaceBank Group.

Following the closing of the merger, expected by the end of March, FuboTV will become a wholly owned subsidiary of FaceBank, and FaceBank will be renamed FuboTV Inc.

The combined company is expected to be based in New York and led by current FuboTV CEO David Gandler (pictured above) as chief executive.

The companies said they will announce additional details of the combo’s management structure and board of directors. FaceBank Group, based in Jupiter, Fla., develops what it calls “hyper-realistic digital humans,” based on the likenesses of celebrities and sports stars, for use in applications including

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