fuboTV Names Pär-Jörgen Pärson tp Board of Directors

FaceBank Group has appointed Pär-Jörgen Pärson to its Board of Directors effective immediately.

Pärson is an investor in fuboTV through leading venture capital fund Northzone, where he has been a General Partner since 2004. He has appeared several times in Forbes’ prestigious Midas List.

“Like our recently-appointed Chairman of the Board Edgar Bronfman Jr., PJ was an early champion of fuboTV,” said David Gandler, co-founder and CEO, fuboTV. “I’m looking forward to working even more closely with PJ as fuboTV enters the next growth phase, including our intention to uplist to a major stock exchange in the coming months.”

At Northzone, Pärson focuses on disruptive businesses in consumer internet, health, and fintech. His portfolio includes multi-billion dollar exits in market-defining companies such as Spotify, iZettle, and Avito, as well as Pricerunner, Jasper, Videoplaza, and current companies like fuboTV, Spring Health, Play Dots, and others.

“fuboTV has shown that they are absolutely world-class in developing this vMVPD technology, accompanying the tremendous movement from the old paradigm of cable TV subscriptions to the vMVPD, where customers access the right content on all kinds of devices at compelling price points,” says Pärson. “The content strategy around live sports has been appreciated by hundreds of thousands of users. I’m excited to continue to be a part of fuboTV’s development into a massive company. I’ve been impressed by the clarity of vision and speed of execution by David and his team since we’ve invested in 2015. This reminds me a lot about the phenomenal adventure of Spotify, and our early days.”

Before joining Northzone in 2004, Pärson ran his own investment firm and did consulting at McKinsey. He holds an MBA from the Stockholm School of Economics.

Since its founding in 2015 as a soccer streaming service, fuboTV has evolved into a live TV streaming platform with more top Nielsen-ranked sports, news and entertainment channels for cord-cutters than any other live platform. Continually innovating to give subscribers a premium viewing experience they can’t find with cable TV, fuboTV is regularly first-to-market with new product features and is the only virtual MVPD to stream in 4K. The company merged with FaceBank Group, Inc., a leading celebrity and sports-focused virtual entertainment company, in April 2020.