MX1 teams up with live streaming OTT service fuboTV
MX1, a solution provider of media services, has announced that its services will be used by sports-centric live streaming TV company, fuboTV. MX1 aggregates and delivers sports and entertainment channels before providing them on the fuboTV platform for distribution to multiple devices in multiple formats, enabling the company to expand its content offering and reach a wider user base of more than 100,000 paying subscribers in the US.
With a base package that features a line up of more than 65 channels, including up to 37 that carry sports programming, fuboTV is growing rapidly in the U.S. market. The company recently raised $55 million in Series C funding from investors such as Northzone, 21st Century Fox, Sky, and Scripps Networks Interactive, and has raised a total of $75.6 million to date.
Having started as a specialist streamer of soccer games in the North American market, fuboTV is now expanding its extensive sports offering to include a wider range of leading leagues, teams, and tournaments, while also adding entertainment and news channels that complement its core sports line up and exploring expansion into new international markets. MX1 began working with fuboTV this summer, and continues to work with the service as it adds new channels to its offering.
“We are growing rapidly and finessing our offering. Tapping into MX1’s global reach and infrastructure is beneficial to us as we continue to expand to meet the growing demand for live streaming sports,” said Sung Ho Choi, co-founder of fuboTV.
“We are delighted to be working with fuboTV as it seeks to expand its offering and grow its user base,” commented Elad Manishviz, CBO, sports and events, at MX1.com. “fuboTV encapsulates perfectly the new breed of agile OTT providers that are proving transformative in the global market, and we look forward to playing an active role as its service evolves over the forthcoming years.”