fuboTV Inc. (FUBO) stock plunged 8.31% in the pre-market session on Tuesday. The drop comes amidst expectations that streaming services like fuboTV may face challenges in achieving profitability and scale, leading to more bundled streaming offerings or fewer streaming services in 2025.
According to Barclays, streaming services such as Paramount+ and Comcast's Peacock likely lack sufficient scale to achieve profitability compared to larger players like Disney+ and Netflix in the coming years. The brokerage expects these services to consider bundling or consolidation more seriously in 2025 to address scale and profitability concerns.
The news report also suggests that Disney has folded Hulu Live and fuboTV into a separate entity, which could provide more viable scale and aid in the distribution of Disney's core streaming services. Additionally, attempts to create joint ventures between streaming services, similar to the now-abandoned Venu Sports venture, are expected to continue.
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