Just a week after filling in a major gap in its network portfolio by signing a carriage deal with Disney, FuboTV is about to lose 11 WarnerMedia channels, including TNT, CNN and Cartoon Network. As…
As of 12:01AM ET on Wednesday, TNT, TBS, CNN, Adult Swim, Cartoon Network, Boomerang, truTV, HLN, TCM, CNN Español and CNN International are expected to go dark on Fubo. The internet-delivered pay-TV bundleIn a statement referring to the “termination” of Fubo carriage, WarnerMedia did not appear to be leaving the door open for a deal.
While Fubo’s footprint is small, at 315,789 subscribers as of the end of 2019, it competes with WarnerMedia parent AT&T. The telecom and media giant has been a player in internet-based TV bundles since 2016, when it launched DirecTV Now, which it renamed AT&T Now. Attorneys for AT&T aggressively countered Schlichting’s testimony, and the deal was allowed to go through by a federal judge, who soundly rejected the lawsuit. Still, there have been after-effects. Dish chairman Charlie Ergen has cited the merger as the main factor in his refusal to agree to deal terms with HBO on the satellite service or on Sling, where the premium network has been dark for nearly two years.
The economics of internet-delivered TV are inherently challenging, however, judging by the comings and goings in a sector initially billed as a game-changer that has appeared to hit a plateau.
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