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Why Did the FuboTV COO Just Sell 139,000 Shares for Almost $440,000?
The Motley Fool· 2025-12-04 16:02
This streaming platform for live sports and entertainment reported a notable insider sale amid strong one-year share price gains.On Nov. 21, 2025, chief operating officer (COO) Alberto Horihuela of FuboTV (FUBO +0.00%) exercised 244,883 options and sold 138,753 shares in the open market, according to a SEC Form 4 filing.Transaction summaryMetricValueShares sold138,753Transaction value~$438,700Post-transaction shares1,563,830Post-transaction value (direct ownership)~$4,941,700Key questionsWhat was the struct ...
Apple's Formula 1 Deal Has the Tech Giant Accelerating Its Sports Offerings
Investopedia· 2025-10-17 16:15
Core Insights - Apple is expanding its presence in sports broadcasting by securing an exclusive agreement with Formula 1 to stream races and related content on Apple TV in the U.S. starting next year [2][7]. Group 1: Agreement Details - The deal includes comprehensive coverage of Formula 1, featuring all practice, qualifying, Sprint sessions, and Grands Prix, along with select races and all practice sessions available for free on Apple TV [2][7]. - Financial terms of the agreement have not been disclosed [2]. Group 2: Strategic Importance - This move is part of Apple's strategy to grow its services business, which accounted for approximately 25% of its sales in the first nine months of its latest fiscal year [5]. - Apple has previously shown Major League Soccer and Major League Baseball games, indicating a broader strategy to enhance its sports programming [3][4]. Group 3: Market Impact - Following the announcement, Apple's shares increased by about 0.4%, although the stock was down approximately 1% year-to-date as of the previous close [5]. - Eddy Cue, Apple's senior vice president of Services, emphasized that the partnership will provide subscribers with "front-row access to one of the most exciting and fastest-growing sports on the planet" [5]. Group 4: Previous Engagements - Earlier this year, Apple released an F1 motion picture that grossed over $600 million globally and plans to stream the movie in December [8].
Apple Secures Formula One U.S. Streaming Rights
WSJ· 2025-10-17 13:50
Core Viewpoint - The company is expanding its offerings of live sporting events on its streaming platform [1] Group 1 - The expansion aims to attract more subscribers and enhance user engagement [1] - This move is part of a broader strategy to compete with other streaming services in the sports broadcasting market [1]