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  • SBD Article

    WWE Stock Sees Double-Digit Percentage Gain After OTT Net Hits 1 Million Subs

    Published January 28, 2015

    WWE's stock at presstime today is down 5.6% after it yesterday "shot up" 19.3% following the company's announcement that its OTT network "had enlisted 1 million subscribers," according to Richard Morgan of the N.Y. POST. The milestone was "reached within a year" of WWE Network's launch last Feb. 24. The net since Q3 "has added 269,000 subscribers" -- an increase of 37% -- and WWE "attributed the increase to promoting its WWE Network via a free trial, expanding into the UK and adding its Royal...

    Tags: WWE, Finance
  • SBD Article

    WME-IMG Makes Foray Into Gaming With Acquisition Of Global eSports Management

    Published January 21, 2015 by Michael Smith

    WME-IMG has acquired Global eSports Management, an int'l full-service eSports talent agency that manages clients across the pro gaming industry. WME-IMG will now represent eSports players who compete at the highest levels globally. GEM was founded in '13 and reps some of the biggest personalities in gaming, including commentators Christopher “MonteCristo” Mykles and Robbert “Siv HD” van Eijndhoven, as well as players Jang Min Chul and Carlos “Ocelote” Rodriguez. The business operates out of ...

    Tags: Finance, William Morris Endeavor, IMG
  • SBD Article

    Fantasy Island: FanDuel More Than Quadruples Revenue Generated In '14 Compared To '13

    Published January 14, 2015 by Eric Fisher

    FanDuel said it generated $57.3M in revenue during ’14, more than quadruple the comparable figure for the previous year. The revenue arrived on the backs of $621.7M in player entry fees, similarly about four times the prior year’s take from player entry fees. The aggressive growth, while expected and outlined in newly disclosed financial reports, follows the September announcement of a massive $70M round of Series D venture capital financing. The company ended the year with more than 1 millio...

    Tags: Finance
  • SBD Article

    Whistle Sports Concludes $28M Series B Round Of Venture Capital Financing

    Published January 13, 2015 by Eric Fisher

    Youth sports programmer Whistle Sports has closed on a $28M Series B round of venture capital financing, representing another major milestone for the fast-growing operation. Connecticut-based Emil Capital Partners led the round, with participation from U.K. outfit Sky Sports and Liberty Global Ventures. Numerous investors from the company's $8M Series A round in '12 also re-invested, including former MLBer Derek Jeter, Broncos QB Peyton Manning and former MLB President Bob DuPuy. The new fund...

    Tags: Finance
  • SBD Article

    Acushnet Could Have An IPO By '16 As Korean Groups Seek Return On Investment

    Published January 07, 2015

    Acushnet Chair & CEO Wally Uihlein "confirmed the hiring of Solebury Capital Group as an adviser for the company’s potential return to public trading," according to Adam Schupak of GOLFWEEK. Massachusetts-based Acushnet, the "parent for Titleist and FootJoy brands," was sold in '11 from Fortune Brands to a Korean consortium for a reported $1.2B. Uihlein in an e-mail wrote, "A large amount of our current private equity originated with the Korean Pension Fund. Those monies are solicited with pr...

    Tags: Finance, FootJoy, Titleist
  • SBD Article

    WPP Invests $250M Into Pyne's Bruin Sports Capital, Giving Him $500M In Buying Power

    Published January 06, 2015 by Michael Smith

    ...no or his position yet, but he previously oversaw finances for IMG College and other divisions.

    Tags: Finance
  • SBD Article

    NeuLion Reaches Agreement To Buy Streaming Outfit DivX In Deal Valued At $62.5M

    Published January 05, 2015 by Eric Fisher

    Digital video outfit NeuLion said today it has signed a definitive agreement to acquire streaming technology outfit DivX in a stock-and-debt deal valued at $62.5M. The purchase combines capabilities in over-the-top and 4K resolution video, and is aimed at further positioning NeuLion toward emerging market trends. NeuLion CEO Nancy Li in a statement said, "We are extending our franchise and bolstering our capabilities with our acquisition of DivX's entertainment and consumer electronics custom...

    Tags: Finance, Neulion
  • SBJ Article

    Company plugs the power of the pod

    Published January 05, 2015 by Daniel Kaplan

    When tennis star Novak Djokovic was asked several years ago about a report he used a hyperbaric oxygen chamber as part of his conditioning, he denied the story. Truth was he did use a pressurized oxygen chamber, but he took advantage, sources said, of the questioner’s confusion with the different types. His preference was for a hypobaric chamber that mimicked the effects of high altitude (the hyperbaric units are simply rich in oxygen, and he denied the report because he didn’t want to alert...

    Tags: In-Depth, Finance
  • SBJ Article

    BigTeams buys Schedule Star

    Published January 05, 2015 by Eric Fisher

    BigTeams, a Northern Virginia-based provider of website and software solutions for high school athletic programs, has bought Schedule Star, a scheduling software developer, from Gannett Corp. A $5 million Series B venture capital funding round, led by previous investors SWaN & Legend Venture Partners and Capital Sports Ventures, facilitated the deal. Financial terms were not disclosed, but BigTeams executives said there was money left over from the Series B fundraising after closing on the S...

    Tags: Finance
  • SBJ Article

    Upstarts see opportunity in concussion focus

    Published January 05, 2015 by Daniel Kaplan

    Pressurized oxygen chambers. Blood biomarkers. Shock-absorbing helmets. Advanced brain imaging. These are just some of the products winding their way through development at hundreds of startups, large and small, in response to the national and NFL focus on traumatic brain injuries (TBI). And like any new product, their development takes financing. An emerging class of investors is beginning to stake claims in the field of concussion prevention, diagnosis and treatment, though the investment ...

    Tags: In-Depth, Finance
  • SBJ Article

    Venture capital gets its game on

    Published January 05, 2015 by Eric Fisher

    In the typically complex world of venture capital, George Kliavkoff sees a simple dynamic these days when it comes to sports-oriented financing deals. Kliavkoff, the co-president of Hearst Entertainment & Syndication, runs the media giant’s ventures group and recently led an $18 million Series D investment in discount ticket reseller ScoreBig. And, in his world, the supply of investment capital is far outdistancing the demand from entrepreneurs. ...

    Tags: In-Depth, Finance
  • SBD Article

    Analyst: MSG Media To See Decline In Profits Due To Lower Ad Revenue, Knicks Ratings

    Published December 22, 2014

    The Knicks' losses this season are "piling up off the court," according to Claire Atkinson of the N.Y. POST. Albert Fried & Co. Dir of Research Rich Tullo, in a note to clients, wrote that MSG Media, which owns the team, is "expected to see operating profit decline" by $7.2M this season "due to lower ad revenue on MSG Network -- thanks to an 11 percent decline in ratings." Tullo: “(W)e think MSG takes a revenue hit on poor Knicks play.” He "estimates that MSG will lose" $6M in ad revenue in t...

    Tags: New York Knicks, MSG Network, Finance
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