FuboTV (FUBO) Adds Seven Weigel Networks to Streaming Platform

Fubotv Inc. (NYSE:FUBO) is one of Goldman Sachs’ top penny stock picks. On June 26, the company announced a multi-year agreement to distribute seven Weigel networks on its platform. The networks added include seven national entertainment networks: MeTV Toons, MeTV, MeTV+, H&I (Heroes & Icons), Story Television, MOVIES!, and Catchy Comedy. The agreement also includes WCIU, The U, which is Chicago’s local independent entertainment station.

The company said that subscribers to its Pro and Elite channel plans can access the seven national Weigel networks. At the same time, Chicago DMA subscribers also receive WCIU, The U. The company’s base Pro plan includes over 100 channels covering sports, news, and entertainment, accessible on streaming devices, Smart TVs, mobile phones, tablets, and computers.

Commenting on the developments, Todd Mathers, executive vice president of content strategy and acquisition at Fubotv, stated, “In partnership with Weigel Broadcasting, we are thrilled to bring Fubotv subscribers even more entertainment programming, including some of the most-loved TV shows and movies of all time.”

On his part, Jim Hall, vice president of business development at Weigel Broadcasting Co., said, “Weigel is excited to add our entertainment networks and Chicago’s WCIU, The U, to the Fubotv platform. Giving viewers access to our programming, alongside the popular sports and general entertainment content that Fubotv is well known for, is a win-win for their subscribers, our viewers, and both our companies.”

The partnership comes at a time when FuboTV is working on a content diversification strategy. The strategy entails diversifying its content beyond sports, complementing features like 4K streaming, MultiView, and personalized game alerts.

FuboTV Inc. (NYSE:FUBO) is an American streaming service provider. It operates a sports-first live TV platform that delivers live sports, news, and entertainment through Smart TVs, mobile devices, and computers. Its revenue comes mainly from subscriptions (over 90%) and advertising, with services available in North America and select international markets.

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Disclosure: None. This article is originally published at Insider Monkey.