*By Christian Smith* Peloton and Equinox may be racing each other for fitness domination, but the new studio and streaming service NEO U is taking a more collaborative approach, said one of its co-founders; he's inviting major brands to join his effort. "If I was to meet with any of those companies that I just said, I would say, 'Hey, we're not competing against each other. I'm just another revenue stream for you,'" Nate Forster, a co-founder, told Cheddar. "Equinox can be on the platform. Peloton can be on the platform. I'm not trying to take the users from them." NEO U just closed a $4 million round of funding, said Forster, bringing the New York fitness studio's total capital raised to $20 million. The company plans to use that cash to finish and launch its global streaming platform by September. The new service will store content from dozens of trainers and fitness studios; and all of it can be filmed at NEO U's Fifth-Avenue headquarters, Forster said. It's home to three studios ー weight and HIIT training, boxing, and yoga ー with industry-standard camera and lighting equipment, and a live control room. Trainers and studios that partner with NEO U can make money by charging clients for classes in NEO U's physical space and through a revenue share on streamed content. NEO U already has over a dozen trainers shooting content in preparation for the launch of its streaming service, including fitness influencer Nicole Mejia. Though she already has more than [1.3 million](https://www.instagram.com/nicole_mejia/?hl=en) Instagram followers, Mejia, the founder of the popular workout program Fit and Thick, sees NEO U's streaming platform as a way to grow her audience. "I'll be able to kind of access all of my following all over the world really in a way that I'm not currently able to with my physical classes," Mejia told Cheddar. In its first iteration, NEO U's streaming platform will focus primarily on classes, but Forster has bigger ambitions. He said he wants NEO U to become the "Amazon" of health and wellness. "When our platform is done, we're going to have talk shows and nutrition shows and e-commerce," he said. "And it's going to be a place where all these different things can live." For more on this story, [click here](https://cheddar.com/videos/how-one-gym-plans-to-take-over-the-fitness-streaming-industry).

Share:
More In Sports
Drone Racing League New Season Kicks Off
The Drone Racing League kicked off its 2021-2022 world championship season this week. Spanning across 14 different locations over the course of the year, 12 of the world's best drone pilots will be racing against each other to bring home the title. Drone racing has grown in popularity over the past year, with the Drone Racing League seeing an uptick of nearly 200 percent average viewership, 90 percent in virtual drone racing participation and 60 percent fanbase growth over social media. Rachel Jacobson, President of the Drone Racing League, discusses the future of the sport and why she thinks drone racing will soon be on par with traditional sports.
Exploring Futures Betting as NFL Season Kicks Off
Bill Enright, Editorial Lead for Gambling and Fantasy Content at Sports Illustrated, shares his insight into the strategy behind betting on NFL futures, such as who will win the Super Bowl or MVP award. Sponsored by BetMGM
Future of US Open After Big Names Like Roger Federer, Serena Williams Sit Out
The final Grand Slam tennis tournament of 2021 will be lacking some of its biggest stars including Venus and Serena Williams, Roger Federer, and Rafael Nadal. However, with legendary names missing from the court, it could provide an opportunity for future superstars to shine. Jon Wertheim, a senior writer at Sports Illustrated, joined Cheddar to discuss the fallout from the cancellations. "This is tennis' version of the NBA after [Michael] Jordan," he said. "Some Kobe [Bryant] or some LeBron [James] will come along, and we'll have new champions to cheer for."
Introducing Cheddar Bets!
Cheddar Bets, sponsored by BetMGM, is a first-of-its-kind look at the intersection of sports betting and financial markets with insider intel from BetMGM's oddsmakers.
Load More