FuboTV, a video streaming service that offers a mix of sports and entertainment programming, has raised $15 million in funding primarily from 21st Century Fox and Europe’s Sky, which invested $6 million each. The money will be used to grow the company’s sports video offerings, develop new features and market the service to beef up its subscriber base. The deal is the latest sign of how traditional media companies are experimenting with new platforms to distribute sports and other content as viewing habits continue to migrate online.
Leading pay TV operator Sky, previously known as BSkyB, has finally completed its acquisition of Sky Italia and majority interest in Sky Deutschland to create a European TV giant in a deal worth nearly $11 billion. The announcement may lead the way, indirectly, for major shareholder Rupert Murdoch to make a renewed bid for Time Warner, should he decide to divest his 39% stake in Sky to fund such a deal.
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If Fox reaches a deal to sell its German and Italian pay-TV outlets, the company may use the proceeds to boost its bid to buy Time Warner. The European assets could fetch $13.5 billion, giving Rupert Murdoch more cash to up his $75 billion offer.
Ever forget to record a TV show and wish there was another way to do it? Brazil’s largest satellite provider is testing a way for subscribers to record shows via Twitter.
Roku, the maker of a nifty device that plays a variety of content over televisions, is getting $45 million in a new round of investment from News Corp. and British Sky Broadcasting.
