The company says it “intends to leverage its own proprietary technology along with Balto’s contest automation software to launch a free to play gaming offering.”
David Gandler, co-founder and CEO, fuboTV, said, “The acquisition of Balto Sports will enable us to build a first class, free to play experience that brings consumers the best games around live sports. From there, we see a natural progression to layer on real money wagering in regulated markets complementing fuboTV’s live streaming video for a highly engaging user experience within our platform.”
fuboTV bills itself as the leader in live sports streaming. It offers more than 100 channels including 43 of the top 50 Nielson-ranked networks.
The company reported 455,000 paid subscribers at the end of the third quarter, an increase of 58% year-on-year. Quarterly revenue totaled $61m, up 47%.
“As we said in our third quarter earnings announcement last month, fuboTV sees the online wagering space as complementary to our sports-first live TV streaming platform,” Gandler said. “We believe there are significant synergies between consumers who enjoy wagering and our subscribers who enjoy streaming live sports, creating a flywheel opportunity.”