Coming in just under the wire, sports-centric live streaming TV service FuboTV reached a new carriage agreement with Univision that keeps Spanish-language content on the virtual MVPD platform.
The two companies had been disputing terms, with FuboTV previously stating that Univision’s contract offer would’ve cost the streamer more than double its current rates.
On Friday, FuboTV released a statement saying the partners had come to terms.
“FuboTV has reached a new agreement with Univision. We are delighted to continue our partnership with the world’s leading Spanish-language media company to bring their popular sports, news and entertainment content to our market-leading Latino package at a reasonable cost to our customers,” FuboTV said in a statement on Twitter.
Univision shared the following statement with Fierce Video: "We are pleased to have reached an agreement with FuboTV that will continue to deliver Univision's networks to customers and provide Hispanic viewers access to the most-watched Spanish-language news, sports and entertainment programming in America. We recognize FuboTV's commitment to serving this growing and influential audience with the programming they love, and we look forward to continued partnership."
The companies’ earlier contract was set to expire June 30. With a fresh agreement, Univision channels such as Univision, UniMas, Galavision and TUDN will remain on the FuboTV streaming service.
FuboTV first publicized troubled negotiations early last month. As recently as June 28, the virtual MVPD said Univision’s latest offer sought “to unreasonably increase rates for each Hispanic customer.”
“This would add unneeded burden to our customers in an already challenging economy,” FuboTV said Tuesday on social media, where it also encouraged customers to reach out to Univision and request fairer rates if they wanted to continue to receive the content in FuboTV’s Latino package.
FuboTV has had to drop content before when it couldn’t reach carriage terms, such as last year when it lost six A&E networks including A&E, History, and Lifetime, among others. In 2020 it dropped WarnerMedia channels such as TBS, TNT and CNN.
Meanwhile, in June the company added four live linear ad-supported streaming TV (FAST) channels from Trusted Media Brands. Those include FailArmy, People Are Awesome, The Pet Collective, and WeatherSpy.
Updated with statement from Univision.