LONDON (Alliance News) - Pay-TV provider Sky PLC on Thursday said it has invested USD6.0 million in US-based video streaming service fuboTV.
FuboTV provides subscribers with an over-the-top premium sports TV channels bundle and is the second-largest aggregator and distributor of linear OTT sports content in the US, Sky said.
"We're excited to be investing in fuboTV, at a time when our customers are looking to consume more and more content, whenever and wherever they are. This investment will provide Sky with real insight, and we look forward to working with the fuboTV team as they continue to explore new opportunities for growth," said Emma Lloyd, director of corporate development and strategic investments at Sky.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
