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Sports Illustrated publisher Maven raises $24M to help Seattle media tech startup expand

GeekWire

Maven , the Seattle-based media company that publishes Sports Illustrated, raised an additional $24 million to help fuel expansion and reduce its debt. Licensing firm Authentic Brands Group, which bought Sports Illustrated in May 2019 from Meredith Corp., Maven CEO Ross Levinsohn. Maven Photo). It landed a $5.7

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Report: Amazon planning standalone app for sports content

GeekWire

Amazon’s desire to stream more live sports has the company looking at launching a standalone app for such content, according to a report Wednesday in The Information. The company uses sports in a bid to grow its content library, bolster its advertising arm, and add more Prime subscribers who buy products on its marketplace.

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Jeff Bezos joins Drake, NBA stars and others in $80M backing of Overtime sports media brand

GeekWire

Jeff Bezos is among the investors taking part in an $80 million funding round in Overtime , a sports media brand with plans to launch a new basketball league for elite high school players. Overtime plans to use the cash to further expand, branching into NFTs and trading cards and investing more in its sports app.

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T-Mobile teaming with Drone Racing League to help emerging sport develop 5G-enabled tech

GeekWire

T-Mobile is investing in DRL through its T-Mobile Ventures fund and the plan is to help the league develop high-speed 5G drones which would be able to stream 3D racing action in real time and provide immersive experiences to fans of the sport.

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Amazon bets big on sports streaming in bid to boost Prime memberships, advertising revenue

GeekWire

(Amazon Photo / Cooper Neill) When Charlie Neiman arrived at Amazon in 2016, the company had never streamed a live event, let alone live sports. Fast forward eight years later, and Amazon has emerged as a leader in the burgeoning sports streaming world. Live sports remains one of the most-watched telecasts. million viewers.

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ROOT Sports and fuboTV reach deal to bring Kraken, Mariners and Trail Blazers to streaming TV

GeekWire

A major new player on the sports television landscape could be an MVP for fans of teams in the Pacific Northwest thanks to a deal announced Thursday. New York-based fuboTV’s sports offering already includes more than 50,000 live sporting events annually, with many streaming in 4K, according to a news release. ”

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Sports Illustrated publisher Maven will keep $5.7M PPP loan despite outcry against public companies

GeekWire

Sports Illustrated’s publicly traded publisher, Maven , says it plans to keep and use a $5.7 Small Business Administration’s Paycheck Protection Program (PPP). The Seattle-based company owns TheStreet, Say Media, and Hubpages in addition to Sports Illustrated and other media properties. million through the program.

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