MSE will purchase a 67% stake in NBCUniversal, a regional sports network that holds exclusive local television rights to MSE’s teams (the NHL’s Washington Capitals and the NBA’s Washington Wizards).
Washington, August 23, 2022 /PRNewswire/ — Monumental Sports & Entertainment (“MSE”) and Comcast Corporation today enter into an agreement under which MSE will acquire 100% of the shares of NBC Sports Washington by acquiring NBCUniversal’s 67% stake in the network announced that it had signed MSE now owns his 33% stake in NBC Sports Washington, which it acquired in 2016.
NBC Sports Washington is the exclusive local television rights holder for games between the Washington Wizards and the Washington Capitals.Networks are available throughout the district Columbia, Maryland When Virginiaand part of pennsylvania, Delaware When west virginiaReleased as a home team sport April 1984the network has served as the regional television partner of NHL’s Capitals and NBA’s Wizards since the network’s inception.
Zach Leonsis, President, Media and New Enterprises, Monumental Sports & Entertainment, said: “Comcast NBCUniversal has built a strong regional sports network at NBC Sports Washington, and we will continue to enhance and innovate the best-in-class experience of watching live sports for our fan base for years to come.” I look forward to going.”
As part of the transaction, NBCUniversal will continue to help operate the network by providing corporate and shared services such as distribution, technical resources and production equipment for up to 18 months. NBC Sports Regional Networks, part of NBCUniversal Local, operates a portfolio of six regional sports networks.
“Monumental Sports & Entertainment’s interest in full ownership of the network is a unique opportunity. Bill Bridgin, President of NBC Sports Regional Networks. “Their leader is an engaged and supportive partner at NBC Sports Washington, who cares about local sports media as much as we do and is committed to serving fans today and investing in the future. The continued growth and success of the network.”
MSE’s platforms include the NHL’s Washington Capitals, NBA’s Washington Wizards, WNBA’s Washington Mystics, NBA G League’s Capital City GoGo, and NBA’s five professional sports teams. 2K Wizards District game of the league. In addition, MSE owns and operates Capital One Arena and manages MedStar Capitals Iceplex (Capitals practice facility), MedStar Health Performance Center (Wizards, Mystics and Go-Go practice facility) and EagleBank Arena (live performance venue). I’m here.the campus of George Mason University of Virginia). Additionally, MSE pioneered the sports betting space, opening Caesars Entertainment as the world’s first in-arena retail outlet. North America It will also take place at Capital One Arena in 2020. Also in 2016, with Monumental Sports Network, we launched a first-of-its-kind regional sports streaming service for local and high school sports and exclusive content from Capitals, Wizards, and Mystics . MSE’s broad media reach includes social media channels for sports teams and company assets, and native content, in English as well as Japanese, Hebrew, Mandarin, Spanish and Arabic, coming soon. Web articles, video productions, streaming shows, radio broadcasts, podcasts, arena signage, outdoor video boards.
MSE’s acquisition of NBC Sports Washington is subject to regulatory approvals and other customary conditions. Financial terms of the acquisition were not disclosed.
LionTree acted as exclusive financial advisor to Monumental on this transaction.
About Monumental Sports & Entertainment
Monumental Sports & Entertainment is America’s leading sports and entertainment family. Our employees, players, teams and events bring excitement and joy to millions. We invest and innovate to constantly improve our game so that we can deliver exceptional experiences that inspire and unite our community, fans, and people. For more information, please visit www.monumentalsports.com.
About Comcast
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are primarily focused on connectivity, aggregation and streaming, and worldwide he has 57 million customer relationships. usa When EuropeIt delivers broadband, wireless and video through its Xfinity, Comcast Business and Sky brands. Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; Universal Parks and Resorts for memorable experiences; Offers. usa When AsiaFor more information, please visit www.comcastcorporation.com.
SOURCE Monumental Sports & Entertainment
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