FuboTV, the streaming service acquired by Facebank on April 1, disclosed that the combined companies registered a pro-forma net loss of $48.4 million in the first quarter.
In its last quarter before being acquired by FaceBank Group, fuboTV revenue rose 78% to $51 million, compared to a year ago, virtual MVPD says.
Disney deal also adds ABC, Disney Channel, FX and other channels to start-up virtual MVPD’s programming grid
We’d love to stay in touch, sign up for the NextTV team to contact you with great news, content and offers.
Thank you for signing up to Next TV. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.