FaceBank Group, Inc. (d/b/a fuboTV) (OTCQB: FUBO) announced today it has appointed Daniel Leff to fuboTV’s board of directors effective immediately.
Leff is an investor in fuboTV through venture capital groups Luminari Capital, which he founded, and Waverley Capital, which he co-founded with renowned media executive Edgar Bronfman Jr., who is also executive chairman of fuboTV’s board.
“I’m thrilled to welcome Daniel, an early supporter and longtime trusted advisor, to fuboTV’s board of directors,” said David Gandler, co-founder and CEO, fuboTV. “Daniel’s deep experience championing innovative and disruptive media companies will continue to be invaluable as we prepare to begin trading on a major stock exchange in the coming months.”
Commented Leff: “As a category-defining media company equally focused on building world-class technology as well as a premium consumer experience, fuboTV continues to evolve as a leader in the vMVPD space. I look forward to working closely with David, the fuboTV team and the board during this next hyper-growth phase for the company and beyond.”
Leff is co-founder and managing partner of Waverley Capital, a media-focused venture capital fund. He is also founder and managing partner of Luminari Capital, a media-focused venture capital fund founded in 2013. Prior to Waverley Capital and Luminari Capital, Leff was a partner at Globespan Capital Partners. Earlier in his career, Leff worked for Sevin Rosen Funds and Redpoint Ventures. He also previously held engineering, marketing and strategic investment positions with Intel Corporation. Leff has been an investor in a multitude of media companies including 1Mainstream (sold to Cisco), Art19, Elemental Technologies (sold to Amazon), Endel, fuboTV, Headspace, Matterport, MikMak, MOVL (sold to Samsung), PlutoTV (sold to Viacom), Roku, The Athletic and Wondery.
fuboTV (OTCQB: FUBO) merged with FaceBank Group in April 2020 to create a leading digital entertainment company, combining fuboTV’s direct-to-consumer live TV streaming platform for cord-cutters with FaceBank’s technology-driven IP in sports, movies and live performances.
Named to Forbes’ Next Billion Dollar Startup list in 2019, fuboTV is the live TV streaming platform with more top Nielsen-ranked sports, news and entertainment channels for cord-cutters than any other live platform.
Continually innovating to give subscribers a premium viewing experience they can’t find with cable TV, fuboTV is regularly first-to-market with new product features and is the only virtual MVPD to stream in 4K. Other industry “firsts” for the company include entering Europe with the launch of fuboTV España in 2018. fubo Sports Network, the live, free-to-consumer TV network featuring sports stories on and off the field, launched in 2019.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on the current beliefs, expectations and assumptions of fuboTV and on information currently available to fuboTV. The forward-looking statements in this press release represent fuboTV’s views as of the date of this press release. These statements may include, but are not limited to, statements regarding future events or future financial and operating performance and fuboTV’s plans for, and the anticipated benefits of, new strategic partnerships and fuboTV’s plans and timing regarding uplisting to a national stock exchange. Although fuboTV believes the expectations reflected in such forward-looking statements are reasonable, fuboTV can give no assurance that such expectations will prove to be correct. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause fuboTV’s actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. Except as required by applicable law, fuboTV does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise. No representations or warranties (expressed or implied) are made about the accuracy of any such forward-looking statements. Important factors that could cause fuboTV’s actual results to differ materially are detailed from time to time in the reports fuboTV files with the Securities and Exchange Commission, copies of which are available on the Securities and Exchange Commission’s website at www.sec.gov and are available from fuboTV without charge. However, new risk factors and uncertainties may emerge from time to time, and it is not possible to predict all risk factors and uncertainties.