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Fubo Makes Strategic Investment in BKFC, Will Stream BKFC 57 Live Event on February 2

by Business Wire News
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Fubo Co-Founder & CEO David Gandler Joins BKFC Board of Directors

NEW YORK–(BUSINESS WIRE)–FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, has made a minority investment in Bare Knuckle Fighting Championship (BKFC), the world’s fastest growing combat sports promotion, through an investment announced by the companies today. Fubo Co-founder and CEO David Gandler will also join BKFC’s board of directors.


The strategic investment expands the companies’ current partnership, which includes live distribution rights on Fubo Sports, Fubo’s FAST (free ad-supported streaming TV) linear network, and Pay-Per-View (PPV). BKFC’s live combat fights are consistently among the top 10 most watched programming on Fubo Sports while BKFC 48 on August 11, 2023, headlined by social media star Bryce Hall vs. Gee Perez, was the most watched combat sports event in the channel’s four year history.

Through the expanded partnership, Fubo will stream select BKFC’s live events, including BKFC 57 on February 2, 2024, live from the Seminole Hard Rock Hotel and Casino in Hollywood, FL. The headline event features a welterweight clash between BKFC #1 Pound-for-Pound Fighter Luis ‘Baboon’ Palomino and former boxing World Champion Austin ‘No Doubt’ Trout.

Fubo will also stream upcoming BKFC original programming including BKFC Prospect Series, and the companies will co-develop a reality series, BKFC: What’s Your Why?, aimed at creating an emotional connection between fighters and fans.

“Fubo is committed to bringing consumers an aggregated content experience that includes the widest choice of live sports programming,” said Gandler. “The singularity of bare knuckle fighting has already made BKFC an important strategic partner for our Fubo Sports linear channel. BKFC was our best performing MMA property in 2023, and we have been very impressed with its continued viewership and engagement growth on Fubo Sports. With this investment, Fubo is committed to the future of BKFC and working with David Feldman and his team to scale the sport.”

“The investment by Fubo is not only a milestone for BKFC because it signifies and validates our continuing growth and evolution, but also will increase viewership and distribution exponentially through Fubo’s extended reach,” said David Feldman, president and founder, BKFC.

About Fubo

With a global mission to aggregate the best in TV, including premium sports, news and entertainment content, through a single app, FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO) aims to transcend the industry’s current TV model. The company operates Fubo in the U.S., Canada and Spain and Molotov in France.

In the U.S., Fubo is a sports-first cable TV replacement product that aggregates more than 300 live sports, news and entertainment networks and is the only live TV streaming platform with every Nielsen-rated sports channel (source: Nielsen Total Viewers, 2023). Leveraging Fubo’s proprietary data and technology platform optimized for live TV and sports viewership, subscribers can engage with the content they are watching through an intuitive and personalized streaming experience. Fubo has continuously pushed the boundaries of live TV streaming. It was the first virtual MVPD to launch 4K streaming and MultiView, which it did years ahead of its peers, as well as Instant Headlines, a first-of-its-kind AI feature that generates contextual news topics as they are reported live on air.

Learn more at https://fubo.tv

About Bare Knuckle Fighting Championship (BKFC)

Bare Knuckle Fighting Championship (BKFC) is the first promotion allowed to hold a legal, sanctioned, and regulated bare knuckle event in the United States since 1889. Based in Philadelphia, and headed by President and former professional boxer David Feldman, BKFC is dedicated to preserving the historical legacy of bare knuckle fighting, while utilizing a specifically created rule set that emphasizes fighter safety. BKFC holds all of its bouts in a revolutionary circular four-rope ring, designed to encourage fast-paced and exciting bouts. The patented BKFC “Squared Circle” contains scratch lines, based on the Broughton Rules which governed bare knuckle fighting in the 19th century, and which requires fighters to “Toe the Line”: start every round face to face, and just inches apart.

In BKFC, only those fighters who are established professionals in boxing, MMA, kickboxing, or Muay Thai are allowed to compete. The referees and judges are required to have extensive professional combat sports experience. All fights are held under the auspices and control of an Athletic Commission. Unlike other fighting organizations and combat sports internationally which claim to be “bare knuckle”, but require wraps, tape, and gauze; BKFC is true to its word as fighters are not allowed to wrap their hands to within one inch of the knuckle. This makes BKFC unquestionably the truest form of bare knuckle fighting. BKFC is dedicated to not just creating the safest, most exciting, and highest-level bare-knuckle fighting organization in the world, it’s also leading the way for a new fully recognized professional combat sport. BKFC is truly the sport of the future, which fully respects its remarkable past.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements of FuboTV Inc. (“Fubo”) that involve substantial risks and uncertainties. All statements contained in this press release that do not relate to matters of historical fact are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, including statements regarding our business strategy and plans, channel programming, partnerships, investments and our market opportunity. The words “could,” “will,” “plan,” “intend,” “anticipate,” “approximate,” “expect,” “potential,” “believe” or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that Fubo makes due to a number of important factors, including but not limited to risks related to our pursuit and engagement in acquisitions; our actual operating results may differ significantly from our guidance; risks related to Fubo’s access to capital and fundraising prospects to fund its ongoing operations and support its planned growth; risks related to diverting management’s attention from Fubo’s ongoing business operations to address integration and fundraising efforts; the restrictions imposed by content providers on our distribution and marketing of our products and services; our reliance on third party platforms to operate certain aspects of our business; risks related to our technology, as well as cybersecurity and data privacy-related risks; our ability to achieve or maintain profitability; our revenue and gross profit are subject to seasonality; our operating results may fluctuate; our ability to attract and retain subscribers; we may not be able to license streaming content or other rights on acceptable terms; risks related to the prior operation and dissolution of our wagering business; risks related to the difficulty in measuring key metrics related to our business; risks related to the highly competitive nature of our industry; risks related to ongoing or future legal proceedings; and other risks, including the effects of industry, market, economic, political or regulatory conditions, future exchange and interest rates, and changes in tax and other laws, regulations, rates and policies, including the impact of COVID-19 on the broader market. Further risks that could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements are discussed in our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023 filed with the Securities and Exchange Commission (“SEC”), and our other filings with the SEC. We encourage you to read such risks in detail. The forward-looking statements in this press release represent Fubo’s views as of the date of this press release. Fubo anticipates that subsequent events and developments will cause its views to change. However, while it may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. You should, therefore, not rely on these forward-looking statements as representing Fubo’s views as of any date subsequent to the date of this press release.

Contacts

Investor Contacts

Alison Sternberg, Fubo
asternberg@fubo.tv

JCIR for Fubo
ir@fubo.tv

Media Contacts

Jennifer L. Press, Fubo
jpress@fubo.tv

Bianca Illion, Fubo
billion@fubo.tv

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