EXCLUSIVE: Gary Vee On SlamBall Investment And Growth Ahead: 'Lot Of Opportunities To Be The Future Of Sports At Scale'
Portfolio Pulse from Chris Katje
Serial entrepreneur Gary Vee is among the investors backing the revival of SlamBall, a sport combining elements of basketball and football with trampolines. The recent Series A investors also include IA Sports Venture, Eberg Capital, David Blitzer, David Adelman, Michael Rubin, Blake Griffin, Tom Penn, Kevin Nagle, and Accelerate Sports. SlamBall is set for a comeback in 2023, with a two-year television rights deal with ESPN, a unit of The Walt Disney Company. The sport's revival aims to expand beyond its previous state, with long-term plans including more tournaments in the US and international markets, and potentially launching SlamBall teams as franchises.
August 04, 2023 | 4:31 pm
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The Walt Disney Company's ESPN unit has secured a two-year television rights deal with SlamBall. This could potentially increase viewership and advertising revenue for ESPN.
The acquisition of SlamBall's television rights by ESPN could potentially increase the network's viewership, especially if the sport gains popularity. This could in turn lead to increased advertising revenue for ESPN, positively impacting Disney's financial performance.
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