BlackRock Discloses 10.3% Stake in fuboTV Inc.

Ticker: FUBO · Form: SC 13G · Filed: 2024-01-25T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, passive-investment, stake-disclosure

TL;DR

**BlackRock just revealed a 10.3% stake in fuboTV, a big vote of confidence!**

AI Summary

BlackRock Inc., a massive investment firm, reported on January 25, 2024, that as of December 31, 2023, they beneficially own 10.3% of fuboTV Inc.'s Common Stock. This means BlackRock holds a significant stake in fuboTV, totaling 27,249,756 shares, indicating their confidence in the streaming company's future. For fuboTV shareholders, this large institutional ownership by BlackRock can signal stability and a vote of confidence, potentially attracting other investors and influencing stock performance positively.

Why It Matters

BlackRock's substantial ownership in fuboTV Inc. signals institutional confidence, which can be a positive indicator for current and prospective investors, potentially stabilizing the stock.

Risk Assessment

Risk Level: low — This filing indicates a large institutional investor has a significant stake, which generally reduces risk by providing stability and oversight.

Analyst Insight

A smart investor would view BlackRock's substantial 10.3% stake as a positive signal, potentially indicating long-term value and stability for fuboTV Inc., and might consider further research into fuboTV's fundamentals.

Key Numbers

10.3% — Percentage of Class Owned (Represents BlackRock's significant ownership in fuboTV Inc.)
27,249,756 — Shares Beneficially Owned (The total number of fuboTV shares BlackRock holds, indicating a substantial investment.)
December 31, 2023 — Date of Event (The snapshot date for BlackRock's ownership, providing a clear reference point.)

Key Players & Entities

BlackRock Inc. (company) — the investment firm filing the SC 13G
fuboTV Inc. (company) — the subject company in which BlackRock holds shares
27,249,756 (dollar_amount) — number of shares beneficially owned by BlackRock
10.3% (dollar_amount) — percentage of class owned by BlackRock
December 31, 2023 (date) — date of the event requiring the filing
January 25, 2024 (date) — date the SC 13G was filed

Forward-Looking Statements

BlackRock's significant stake may attract other institutional investors to fuboTV Inc. (fuboTV Inc.) — medium confidence, target: next 6-12 months
The stock price of fuboTV Inc. could experience increased stability due to large institutional ownership. (fuboTV Inc.) — medium confidence, target: next 3-6 months

FAQ

What percentage of fuboTV Inc. Common Stock does BlackRock Inc. beneficially own as per this filing?

As of December 31, 2023, BlackRock Inc. beneficially owns 10.3% of fuboTV Inc.'s Common Stock, as stated in the filing.

How many shares of fuboTV Inc. Common Stock does BlackRock Inc. beneficially own?

BlackRock Inc. beneficially owns 27,249,756 shares of fuboTV Inc. Common Stock, according to the filing.

When was the event date that required BlackRock Inc. to file this Schedule 13G?

The date of the event which required the filing of this Schedule 13G was December 31, 2023.

What rule under the Securities Exchange Act of 1934 was this Schedule 13G filed under?

This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the filing.

What is the CUSIP Number for fuboTV Inc.'s Common Stock mentioned in the filing?

The CUSIP Number for fuboTV Inc.'s Common Stock is 35953D104, as stated in the filing.

From the Filing

0001086364-24-003788.txt : 20240125 0001086364-24-003788.hdr.sgml : 20240125 20240125165928 ACCESSION NUMBER: 0001086364-24-003788 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: fuboTV Inc. /FL CENTRAL INDEX KEY: 0001484769 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 264330545 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-89078 FILM NUMBER: 24563007 BUSINESS ADDRESS: STREET 1: 1290 AVENUE OF THE AMERICAS STREET 2: NEW YORK CITY: NEW YORK STATE: NY ZIP: 10104 BUSINESS PHONE: (212) 672-0055 MAIL ADDRESS: STREET 1: 1290 AVENUE OF THE AMERICAS STREET 2: NEW YORK CITY: NEW YORK STATE: NY ZIP: 10104 FORMER COMPANY: FORMER CONFORMED NAME: fuboTV Inc. /new DATE OF NAME CHANGE: 20200813 FORMER COMPANY: FORMER CONFORMED NAME: FaceBank Group, Inc. DATE OF NAME CHANGE: 20190930 FORMER COMPANY: FORMER CONFORMED NAME: Pulse Evolution Group, Inc. DATE OF NAME CHANGE: 20190228 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us35953d1046_012524.txt us35953d1046_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) fuboTV Inc. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 35953D104 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 35953D104 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 23968055 (6) Shared voting power 0 (7) Sole dispositive power 24475444 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 24475444 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.4% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- fuboTV Inc. Item 1(b) Address of issuer's principal executive offices: ------------------