FaceBank Group, Inc.

FaceBank Group, Inc. is a technology-driven company that specializes in digital solutions, particularly in enhancing the online presence of clients through innovative website-building tools and technologies. Founded in 2009 and headquartered in New York, US, FaceBank Group, Inc. focuses on providing digital solutions.

In March 2020, the firm was acquired by FuboTV, Inc. in an all-stock transaction, combining their streaming platform with FaceBank’s intellectual property in sports and entertainment. The acquisition aims to enhance FuboTV's offerings by incorporating FaceBank's technology-driven assets. The company has completed one deal to date.

FaceBank Group, Inc. specializes in providing digital solutions through core products that include user-friendly website-building tools. These offerings cater to small businesses, entrepreneurs, and individuals, enabling them to create and manage websites without requiring extensive technical skills. Key features include customizable templates, e-commerce integration, and marketing tools, aimed at clients across North America, Europe, and Asia-Pacific.

The revenue model of FaceBank Group, Inc. is based on subscription services, allowing clients to select from various pricing plans tailored to their business needs. Revenue is generated from monthly or annual subscriptions, offering clients varying levels of access to features and support, including essential website functionalities and advanced marketing tools. The company focuses on long-term partnerships with both B2B clients and direct-to-consumer users, with flagship products contributing significantly to its revenue stream.

FaceBank Group, Inc. plans to leverage its acquisition by FuboTV, Inc. to enhance its product offerings, combining its technology with FuboTV’s live TV streaming capabilities. The recent acquisition on March 23, 2020, is expected to facilitate the development of new products that integrate sports, movies, and live performances.

The company aims to expand its market presence, particularly in the digital entertainment sector aligned with FuboTV’s strategy, although specific new geographic targets have not been stated.