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

The service, which launched in 2015, boasts 40,000 subscribers paying $10 a month.

Juan Manuel Serrano Arce via BeIn Sports

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.”

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