David Vs. Goliath: Has Little fuboTV Struck Down Another AT&T Crown Jewel?

Jan. 23, 2022 7:46 AM ETfuboTV Inc. (FUBO), TDIS, WBD, DISH, GOOG, GOOGL78 Comments
Max Greve profile picture
Max Greve


  • fuboTV has doubled its rate of subscriber growth and become probably the fastest growing vMVPD service since dropping Turner Networks and reallocating the money to other channels, including ESPN.
  • The prevailing consensus of many, including myself, that Turner was the most diversified and protected from cord-cutting of the traditional channels might be wrong.
  • This is fuboTV's first major content curation victory, using data to lower costs by dropping unsuccessful channels. Content curation is probably fuboTV's best potential path to profit.
  • Alone, this is not enough. It would probably take two to four more such victories to induce a substantial number of pay-TV defectors to return. fuboTV continues to face substantial challenges.
  • AT&T's Turner networks, if dropped by other vMVPDs or DISH, could fall from WarnerMedia's most profitable asset to almost break-even level. This could be a red flag for AT&T and Discovery investors.

The Goliath House in Regensburg

Edlane De Mattos/iStock Editorial via Getty Images

I haven’t written on fuboTV (NYSE:FUBO) since the early part of last year, but as I’ve been on a bit of a media industry writing binge lately, I wanted to put to (digital) paper something

This article was written by

Max Greve profile picture
Max Greve is a graduate of Northwestern University with a quadruple major in History, Economics, Political Science, and International Studies. Max is a full-time writer and in addition to stock market trends also writes articles on government, current events, macroeconomic trends, and last but not least, the ongoing inefficiencies of professional sports.

Disclosure: I/we have a beneficial long position in the shares of DISCK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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