CBS Corp. has officially agreed to add its broadcast and cable TV networks, including CBS, Showtime and The CW, to FuboTV’s lineup.
The deal also includes CBS Sports Network, Pop and CBSN, CBS News’ 24/7 digital streaming news service. All the included networks will be available for live streaming and on-demand access in FuboTV’s Premiere package.
All CBS-owned local television stations will be available at launch—in markets including Chicago, Los Angeles and New York City—and later this summer, FuboTV will add the ability to stream CBS-owned local CW affiliates. Financial terms of the local TV station agreements were not disclosed but FuboTV and CBS said that all affiliates of CBS and The CW will have the opportunity to participate.
Showtime will be offered as a separate add-on.
With the addition of CBS’s networks, FuboTV’s lineup now includes more than 60 channels. FuboTV already has deals in place with NBC and Fox that include access to those network’s broadcast channels and O&O TV stations. The company also has deals set with Spanish-language broadcasters Univision, UniMas and Telemundo.
For FuboTV, the CBS deal comes just days after the company announced a new $55 million round of funding headed by 21st Century Fox, Sky and Scripps Networks Interactive. FuboTV said it intended to use the funding to expand programming in its basic lineup, which it just did.
“Closing this latest round of funding is testament to our ability to execute efficiently in a very competitive market, and to our investors’ acute understanding of the future of our industry. Long term, we are best positioned to drive value for all major media companies and consumers in the U.S. and abroad,” said FuboTV CEO David Gandler in a statement.
For CBS, the deal puts its networks on another virtual MVPD and potentially expands the availability of CBS’s affiliated stations on digital platforms.
Last month, CBS announced a new expanded agreement with the CBS Affiliate Board to help grow CBS local affiliates’ presence on digital services. The deal covers continued participation in CBS All Access and extends opportunities for local broadcasters to participate in virtual MVPDs like Hulu’s live TV, Google's YouTube TV and “future new entrants.”