Finance
Facebank
Digital human technology company founded by John C. Textor
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Overview
Facebank (later Facebank Group) is a digital human technology company founded by John C. Textor. The company focused on developing, collecting, and protecting personal digital likeness assets for use in AI, entertainment, and social networking.
History
- Founded in 2013 by John C. Textor using technology assets from Digital Domain
- Originally known as Pulse Evolution Group
- Rebranded to Facebank Group in 2019
- Acquired FuboTV in 2020, merging the companies
Technology
- Digital human likeness technology
- Holographic performances (virtual Tupac, Michael Jackson)
- Celebrity digital resurrection
Business Model
SEC filings described Facebank as "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."
FuboTV Acquisition
In 2020, Facebank acquired FuboTV in a reverse merger, enabling FuboTV to operate as a public company. The combined entity was listed on the NYSE and reached a market value of over $6 billion.