FuboTV, a sports-focused over-the-top streaming service, has made its first move outside North America, expanding into Spain. News of the expansion comes shortly after FuboTV announced it had reached 250,000 paying subscribers in the U.S.
FuboTV CEO David Gandler told Reuters that the company selected Spain because of the country’s high rates of video piracy, which indicate a likely demand for lower-cost streaming services, and also because of Spain’s strong soccer culture. FuboTV originally launched in 2015 with a focus on soccer, before pivoting in early 2017 to become a broader streaming service that offers additional sports and entertainment television.