TelevisaUnivision pulls Spanish-language programming from Fubo

FuboTV (FUBO) issued the following statement today: “Thousands of Spanish-speaking consumers across the U.S. have lost access to local news and weather – providing vital information affecting their communities – as a result of TelevisaUnivision pulling their programming from Fubo. This unfortunate development is the result of TelevisaUnivision refusing to offer what we believe to be fair and competitive rates. Fubo has made considerable efforts and offered compromises to renew our long-standing content agreement for TelevisaUnivision and its affiliated channels. However, TelevisaUnivision presented us with a new contract with restructured terms that would increase prices by 25% for our subscribers. Furthermore, TelevisaUnivision’s unfair bundling and tying practices require Fubo subscribers to buy all of their channels, including the channels they don’t watch. Fubo remains open to negotiating a new content agreement with TelevisaUnivision – but it must be fair and equitable for our subscribers. That includes accessing Spanish-language content in our Latino plan at a cost that is competitive.”