Tsangs Group Announces Floyd Mayweather, FaceBank, fuboTV Partner in Ground-Breaking Digital Likeness Joint Venture
Tsangs Group, as strategic investor, introduced ONE Entertainment Group, LLC (“ONE Entertainment”) and the Floyd Mayweather team to one of its portfolio companies, namely, FaceBank Group (“FaceBank”). Tsangs Group is proud that FaceBank recently announced the ground-breaking joint venture between fuboTV (OTCQB: FBNK), FaceBank, Floyd Mayweather and ONE Entertainment on 9 April, 2020 to create and manage Floyd Mayweather, the worldrenowned retired professional boxing champion and promoter’s digital likeness, “Virtual Mayweather.”
The partnership was created to protect and exploit the brand name and likeness of Virtual Mayweather for multiple multi-media opportunities in current and future form content scenarios. Under the partnership, one of the projects that the companies intend to develop is virtual boxing matchups pitting Mayweather’s digital likeness against other boxing legends and icons. Resembling short films, these precise, real-time simulations will feature top-secret results based on a modeling computer that will make incremental relationships between actual performance, velocity of punches, speed of reaction, strategy and stamina. These unprecedented virtual boxing matches will be exclusive to live TV streaming platform fuboTV and pay-per-view partners to be announced.
FaceBank will work with Mayweather to research, capture and analyze photographic, filmed and mathematical representations of his face and body to develop a comprehensive and hyperrealistic, computer-generated ‘digital likeness’ for global and commercial applications. The company expects to announce similar agreements with other sports icons in the coming weeks.
“My team has always been the past, present and future of sports and entertainment,” said Mayweather. “Now, together with FaceBank, fuboTV and ONE Entertainment, I am continuing that trend.”
Commented David Gandler, CEO, fuboTV: “Just last week, fuboTV and FaceBank closed our merger. With FaceBank’s tech-driven IP in sports, movies and live performances, and fuboTV’s direct-to-consumer live TV streaming platform for cord-cutters, we’re already making strides towards building the kind of digital entertainment company we envisioned.”
Gandler continued: “Our joint venture with Floyd Mayweather and ONE Entertainment makes possible a few of the greatest fights of all time that never happened, that could have never happened…until now. Undefeated in the ring after so many years, Mayweather can now step up to compete in the hyper-realistic world of virtual competition, challenging the legends of boxing in hyper-real simulated boxing matches with outcomes that will be as surprising to the fighters as to a live global audience.”
Commented FaceBank founder John Textor: “If you think this is a video game, you’re wrong. This won’t look like anything you’ve ever seen on Xbox even in 4K. Our virtual championship boxing will showcase the talents and technology of the visual effects community, combined with the most respected of the military simulation community. Our aim is to build a visually stunning, championship-caliber bout that positively impacts the future of fight entertainment.”
“This is the time for evolved virtual entertainment and Floyd is the perfect subject for this revolutionary shift in entertainment, he fearlessly approaches new challenges and is never scared of the moment,” said Brent Johnson, Managing Partner and CEO, ONE Entertainment Group.
The undefeated Mayweather is one of boxing’s most popular champions and arguably the best ever and, not so arguably, the best boxer pound for pound of his generation. His 2015 fight against Manny Pacquiao generated over $595 million in revenue, and his cross-discipline fight against Connor MacGregor earned Mayweather a personal share of more than $275 million
fuboTV’s new character-driven, virtual entertainment projects can be seen at www.FacebankGroup.com.
About FaceBank Group, Inc.
FaceBank Group, Inc. is a digital human technology company, focused on the development, collection, protection and preparation of the personal digital likeness assets, of celebrities and consumers, for use in artificial intelligence, entertainment, personal productivity and social networking.
FaceBank Group, including its consolidated companies, is a globally recognized developer of hyper-realistic digital humans – computer generated assets that can be distributed across the full spectrum of traditional media and emerging display technologies, including live entertainment, virtual reality, augmented reality, mobile, interactive and artificial intelligence applications.
For more information, please visit: http://www.facebankgroup.com.
fuboTV, Inc. is the 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. Other industry “firsts” for the company include entering Europe with the launch of fuboTV España in 2018. fubo Sports Network, the live, free-to-consumer TV network for passionate sports fans, launched in 2019 with event coverage, news, behind-the-scenes and exclusive programming.
Named to Forbes’ Next Billion Dollar Startup list in 2019, NYC-based fuboTV merged with FaceBank Group, Inc. in 2020.
For more information, please visit: https://www.fubo.tv
About ONE Entertainment
ONE Entertainment is a pioneer in the world of Entertainment Consulting, with over 20 years of experience in servicing celebrity clients and brands worldwide. ONE focuses on monetizing celebrity and entertainment brands by creating a customized approach for each client that maximizes exposure and profitability. The team at ONE has experience in all facets of entertainment, and they can serve your needs in film, music, sports, live events, digital and entertainment business development. ONE Entertainment has had an almost decade long representation relationship with Floyd Mayweather and has been instrumental in spearheading his international touring, boxing exhibitions, branding and digital partnerships.
For more information, please visit: http://www.oneentertainmentonline.com/.
About Tsangs Group
Tsangs Group is an innovation-focused global family office that bridges East and West. Our mission is to invest in global opportunities that allow us to exert positive influence and drive positive impact in Hong Kong, Asia and beyond.
Headquartered in Hong Kong, Tsangs Group has direct investments across the world, we seek out positive impact investments that reflect our values of innovation, sustainability, and togetherness. Our strategy is opportunistic and both sector and location agnostic.
From fintech to entertainment to space travel, we are always investigating, analysing, and supporting the cutting edge of global innovation and development.
For more information, please visit: https://tsangsgroup.co/