Cineverse expands FuboTV channel offerings

LOS ANGELES - Cineverse Corp. (NASDAQ: CNVS), an innovative entertainment studio, has broadened its collaboration with FuboTV Inc. (NYSE: NYSE:FUBO), a sports-centric live TV streaming service valued at $1.41 billion, by adding new channels to the platform. FuboTV’s stock has shown remarkable momentum, surging 174% over the past six months, according to InvestingPro data. The partnership introduces Cineverse’s ad-supported streaming channels, including ’Dog Whisperer with Cesar Millan’ and ’Go Pro Channel’, to Fubo’s English-language channel plans, with ’So... Real’ slated to join soon. This expansion comes as FuboTV demonstrates strong revenue growth of 24.45% in the last twelve months.

The ’Dog Whisperer with Cesar Millan’ channel brings the acclaimed series, which once drew over 10 million viewers weekly, to Fubo subscribers. The ’Go Pro Channel’ offers action-packed, first-person sports content, featuring shows like ’NHL After Dark’ and ’Tour de France’. ’So... Real’, which will be available shortly, promises a selection of popular reality TV from the UK and Australia.

John Stack, Senior Director of Business Development at Cineverse, praised Fubo’s role as a key partner in expanding their lineup of FAST channels, which cater to diverse audiences and provide value to advertisers. This partnership aligns with Cineverse’s mission to deliver engaging content to fans and efficient results for partners.

Cineverse is recognized for its extensive library of over 71,000 premium films, series, and podcasts, as well as its proprietary streaming tools and AI technology that enhance content distribution and audience reach. Its portfolio includes the highest-grossing non-rated film in U.S. history, numerous streaming fandom channels, and the premier podcast network, among other properties.

The information for this article is based on a press release statement. For deeper insights into FuboTV’s financial health and growth prospects, including 14 additional ProTips and comprehensive valuation metrics, visit InvestingPro, where you’ll find detailed analysis in our exclusive Pro Research Report.

In other recent news, FuboTV and Walt Disney (NYSE:DIS) Co. are reportedly on the brink of merging their online live TV operations, with Disney set to own 70% of the new entity and FuboTV the remaining shares. The merger, excluding Hulu’s subscription video service, is expected to form the second-largest digital pay-TV provider. Furthermore, FuboTV plans to withdraw its legal claims against Disney, Fox Corp (NASDAQ:FOXA)., and Warner Bros. Discovery (NASDAQ:WBD), clearing the way for their upcoming sports streaming platform.

Adding to its portfolio, FuboTV has partnered with NBCUniversal to launch 18 free ad-supported television channels, expanding its offerings in sports, entertainment, news, and Latino programming. Four Telemundo channels have already been introduced to FuboTV’s Latino plan and all English-language channel plans, with 14 additional NBCU channels set to be added soon.

In financial news, FuboTV reported a 21% year-over-year growth in total revenue in the third quarter of 2024, reaching $377 million, and a 9% rise in paid subscribers, totaling 1.613 million. However, the company faced an 11% dip in advertising revenue due to challenging year-over-year comparisons. For the fourth quarter of 2024, FuboTV projects North America subscriber numbers between 1.665 million and 1.705 million, with revenue guidance ranging from $426 million to $446 million.

In its efforts to enhance audience engagement, FuboTV has introduced new interactive Connected TV ad formats. These formats, including transactional and gamified options, aim to increase purchase intent by 47% compared to standard video ads. Finally, FuboTV continues its legal battle against major media companies, with a trial scheduled for October 2025.

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