“WSE is leading the shift to creating digital superfans by engaging audiences where, when, and how they want to consume sports content,” said Shamit Mehta, Partner at TZP Growth Equity. I look forward to working alongside Brian and his team to guide WSE to its fullest potential.” "WSE has a thorough grasp on the rapidly evolving media consumption habits of younger sports fans, making it uniquely positioned to reshape sports media for the next generation. “The sports media industry will be radically transformed in the near future as Gen-Z and millennials redefine traditional concepts of fandom," said Rich Battista. We are evolving legacy sports media by creating content that resonates with today’s audiences and that is designed for the digital formats where they spend most of their time.” “WSE represents the future of sports and entertainment for an entire generation of new fans. “Sports storytelling is timeless, and this simple concept is at the heart of WSE’s vision,” said Brian Verne, Co-founder and CEO, WSE. Finally, significant resources will be committed to technological innovations, such as advancing WSE’s proprietary predictive content management and analytics platform. WSE will also focus on developing best-in-class sports betting content, in addition to a suite of consumer products and experiences to extend fan engagement in real life. The new round of funding allows WSE to accelerate the launch and scale of new and existing media brands, talent-led original shows, and premium programming geared towards today’s highly-engaged superfans. Additionally, he was previously CEO of Mandalay Sports Media.
Battista also enjoyed a long career at Fox, including overseeing the company’s portfolio of national sports and entertainment cable networks such as FX, National Geographic Channel, and numerous sports networks. and is a strategic advisor and executive producer at Time Studios.
He currently serves as a board member of Major League Baseball Players, Inc. He has overseen the sale of two multi-billion dollar publicly traded companies as CEO of Time, Inc. He brings significant experience leading large-scale multi-platform companies in the entertainment and media industries and extensive experience in sports media and content.
#B sports entertainment series
Series B investors join existing investors Golden Ventures, Sweet Capital, and Henrik Kraft, as well as Cleveland Browns Quarterback Baker Mayfield, and sports personality and investor Jay Williams.īattista will serve as the Executive Chairman of the Board of Directors of Wave Sports + Entertainment (WSE). 2022 National Basketball Association Most Valuable Player Giannis Antetokounmpo of the Milwaukee Bucks joins the round as a strategic partner. Also joining the round are Verance Capital, led by Lyle Ayes, and Nimble Ventures, led by John Burbank. TZP Group led the round with participation from Crossbeam Venture Partners and GPS Investment Partners.
LOS ANGELES-( BUSINESS WIRE)- Wave Sports + Entertainment, one of the fastest growing sports and entertainment companies with more than 110 million followers globally, has closed more than $27 million in Series B funding and added industry veteran Rich Battista to its board, the company announced today.
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