FuboTV jumps after securing exclusive streaming rights to World Cup 2022 qualifying matches

Manchester United

Shares of FuboTV jumped as much as 8% on Friday after it announced the acquisition of exclusive streaming rights to the qualifying soccer matches of the South American Football Confederation for the 2022 world cup, which is being held in Qatar.

The deal includes 70 qualifying matches that are set to begin in June and extend into early 2022. FuboTV said it would produce original content to bolster the soccer content offering, with pre, half-time, and post match shows to air throughout the season.

The deal also gives FuboTV rights to air highlights and re-runs of the soccer matches. Terms of the deal were not disclosed.

FuboTV has become one of the go-to streaming providers for consumers looking to add a sports package to their streaming lineup after cutting the cable TV cord.

Despite Friday’s gain, shares of FuboTV are still down 20% year-to-date.

Read the original article on Business Insider