FOXA, SKY & SSP: INVEST IN STREAMING SERVICE FOR THE SPORTS FAN
21st Century Fox, Inc. (FOXA), Sky Plc (SKY) and Scripps Networks Interactive (SSP) have invested in an online television service, with a focus on the sports fan. FuboTV raised $55 Million to expand their channel lineup and improve technology. The company intends to compete in an increasing competitive field that includes Sling TV (DISH), Playstation Vue (SNE), DirectTV Now (T), YouTube (GOOGL) & Hulu (TWX).
Fan Marino says: Do you hear that noise? It's me opening up the junk drawer and pulling out my scissors. We're an ESPN and ESPN2 away from the snip.