FuboTV Inc. (NYSE: FUBO) has a market cap close to $4.0 billion and is quickly evolving as a streaming powerhouse. One of the little-known assets sitting quietly in the background is Pulse Evolution (OTCMKTS: PLFX) which is a majority-owned (60%) subsidiary of FUBO.

This majority interest in Pulse Evolution was purchased by Evolution AI for $200 million of what is ultimately FUBO stock in June 2018.  The CEO of Evolution AI at the time of the tender offer was Jordan Fiksenbaum, an entertainment veteran with over 30 years of industry experience.  The tender offer for pulse stock was $.83 for restricted common stock and $1.10 for unrestricted common stock. PLFX was recently trading for $.10/share just two weeks ago.

In essence, FUBO owns the assets that have the technology to make digital humans which includes Michael Jackson’s, Marilyn Monroe, Elvis Presley, and Floyd Mayweather’s digital likeness. The question investors should be asking is what is the plan for Pulse Evolution and how will it affect FUBO?

Plan Evolving – Rebooting Pulse Evolution

 Detailed in an 8-K filed on March 8, 2021, Jordan Fiksenbaum resigned his position as president of FuboTV and immediately transitioned into a consulting role with the majority-owned company Pulse Evolution Corporation.  The next 8-K on March 18, 2021, got into the rationale behind the resignation.

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