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FuboTV Down Despite Acquiring Premier League Rights in Canada

Published 2022-01-13, 12:16 p/m
Updated 2022-01-13, 12:16 p/m
© Reuters.

© Reuters.

By Sam Boughedda

Investing.com — Shares of FuboTV Inc (NYSE:FUBO) fell Thursday despite the company saying it has acquired the exclusive rights to the English Premier League in Canada starting in the 2022/2023 season.

The company said it will exclusively show all 380 Premier League matches each season on its Canadian platform until the 2024/2025 season. 

Fubo shares are currently down more than 3%.

The Premier League is the latest soccer addition to FuboTV after it revealed a few months ago, it had won the exclusive rights to Italian Serie A and Coppa Italia matches. It also has the rights to the Qatar World Cup 2022 Qualifying matches in South America.

"The Premier League is considered to be the best soccer league in the world and has a huge fan base in Canada," said David Gandler, co-founder and CEO, FuboTV. 

"This deal allows us to bring yet another top-notch property to FuboTV, further differentiating our content offering, and giving Canadians another reason to cut the cord for exciting, exclusive sports content."

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