Another Vote for Sports on the Web: Fox, Sky Invest in Streaming Soccer Startup FuboTV

Another sign that sports on TV is moving to sports on the Web: TV giants 21st Century Fox and Sky are investing in FuboTV, a small but growing video subscription service focused on soccer.

Corporate cousins Fox and Sky are each putting in $6 million as part of a $15 million B round; other investors include DCM Ventures, Luminari Capital, LionTree Partners and former NBA Commissioner David Stern. The company has raised $21 million to date.

FuboTV launched a little more than a year ago and now says it has more than 40,000 subscribers paying $10 a month to watch a variety of live and taped games, which come from TV networks like Univision Networks and beIN Sports.

Right now, FuboTV offers subscribers a mix of games from leagues like Spain’s La Liga and the MLS in the U.S., but it doesn’t have access to some of the most sought-after soccer programming, like the U.K.’s Premier League or Europe’s UEFA Champions League.

It’s possible some of that stuff may become available down the road, via its new investors; Sky, for instance, has Premier League rights in the U.K., and Fox has UEFA in the U.S. Per the press release announcing the deal: “Neither 21st Century Fox nor Sky are currently licensing content to FuboTV, but both companies intend to work closely with FuboTV as it continues to grow.”

This article originally appeared on Recode.net.

Will you support Vox’s explanatory journalism?

Most news outlets make their money through advertising or subscriptions. But when it comes to what we’re trying to do at Vox, there are a couple of big issues with relying on ads and subscriptions to keep the lights on:

First, advertising dollars go up and down with the economy. We often only know a few months out what our advertising revenue will be, which makes it hard to plan ahead.

Second, we’re not in the subscriptions business. Vox is here to help everyone understand the complex issues shaping the world — not just the people who can afford to pay for a subscription. We believe that’s an important part of building a more equal society. And we can’t do that if we have a paywall.

So even though advertising is still our biggest source of revenue, we also seek grants and reader support. (And no matter how our work is funded, we have strict guidelines on editorial independence.)

If you also believe that everyone deserves access to trusted high-quality information, will you make a gift to Vox today? Any amount helps.

One-Time Monthly Annual

$5/month

$10/month

$25/month

$50/month

Other

$

Yes, I'll give $5/month

Yes, I'll give $5/month

We accept credit card, Apple Pay, and Google Pay. You can also contribute via