FuboTV raised prices after 'severely' underpricing its service, and has a plan to dominate the digital TV industry

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

FuboTV CEO David Gandler only wants to attract high-paying customers to his service.

FuboTV recently increased its base price to $55 a month, making it the most expensive vMVPD.

"The reality is, who needs a customer that doesn't make you any money?" Gandler told Business Insider. Other vMVPDs have been increasing their prices. Hulu with Live TV raised its monthly cost to $44.99 from $39.99 in February, and DirecTV Now bumped its monthly price to $50 from $40.with subscriber growth stalling while they try to get to profitability.

Gandler said he's not interested in fast subscriber growth but building the best technology so FuboTV will prevail as more pay-TV subscribers shift to vMVPDs. He predicts that there will be an"exponential" shift from cable subscribers to online streamers during the next US recession.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines