fuboTV Inc. (NYSE:FUBO) shares are trading lower premarket on Tuesday.
On Monday, the company expressed disappointment over TelevisaUnivision's decision to pull its programming, leaving thousands of Spanish-speaking consumers without access to vital local news and weather.
According to Fubo, the dispute arises from TelevisaUnivision demanding a 25% price increase and imposing unfair bundling practices that force subscribers to pay for channels they do not watch.
Additionally, Fubo criticized the separate subscription required for Vix+ to access all of TelevisaUnivision's sports content.
The company said it remains open to fair negotiations with TelevisaUnivision and highlighted its ongoing dedication to the Hispanic community.
Fubo stated its commitment to offering premium content at competitive rates and emphasized its refusal to accept terms that would burden its subscribers or investors.
Fubo continues to provide a robust selection of Spanish-language programming through its Latino plan, featuring networks such as ESPN Deportes, FOX Deportes, Telemundo Acción, and beIN Sports Español, at what it claims is the lowest price among live TV streaming platforms.
Last week, FuboTV disclosed the launch of Hallmark+, which is available as a standalone premium subscription or an add-on for Fubo customers.
This launch builds on Fubo's existing distribution agreement with Hallmark, which already includes Hallmark's linear channels.
Investors can gain exposure to the stock via ProShares Metaverse ETF (NYSE:VERS).
Price Action: At the last check on Tuesday, FUBO shares were trading lower by 1.46% at $1.35 premarket.
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Photo: courtesy of FuboTv
