Orlando Magic Join Lead VC Fund to Increase Innovation
The Orlando Magic are extending their foray into venture capital as a source of finding new inspiration for team operations. The NBA team owned by the DeVos family is…
Sports Tech
Turf Wars: Real Grass or Artificial Turf Means Big Business Either Way
This is the fourth story in Sportico’s Turf Wars series, examining the business decisions behind choosing natural grass or artificial turf for…
Tennis Serves Up Stock Market Ace as Sportico Index Hits 12-Month High
Tennis-related stocks surged in August, leading an end-of-summer rally in sports shares that pushed the Sportico Sports Stock Index to its highest level in more than a…
NFL Fans Are Next Target of Trend Genius’ Olympic-Tested Ad Tech
Heartened by the success of an Olympic rollout of new advertising tech called Trend Genius, social media platform X and Genius Sports expect to sell ad campaigns around…
Sportradar Hints at Acquisition. Could Endeavor Arm Be a Target?
Sportradar is evaluating potential acquisitions as the sports betting data and analytics market seems destined to consolidate into two competitors. During Tuesday’s…
Exclusive
MLS Team Moves Into Venture Capital as a Step to ‘Best-in-Class’
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. There’s an aphorism FC Cincinnati…
Marc Lasry, David Blitzer Among New Investors in Sphere-Like Cosm
Cosm, a movie theater-type venue for watching sports and other entertainment, has raised $250 million in a fundraising round that includes billionaire sports investors…
Baseball-Themed Restaurant Batbox Raises $7.3M in VC Funds to Enter U.S.
Seeking to capitalize on the sports “eatertainment” trend, Mexican baseball simulator maker Batbox has raised $7.3 million in venture capital to bring its casual eats…
Genius Sports Earn-Out Suit Points to Rising Post-Deal VC Fights
In 2021, Genius Sports proudly announced its acquisition of Spirable, a maker of dynamic ads for social media that allow, for instance, live betting odds to be updated…
Tatis-Style Income Sharing Grows in Shaky Regulatory Climate
There has been a wave of new ventures to sell stakes in athletes’ future income, presented as an innovation that allows fans to buy stock in their favorite athlete and…
AI Video Firm Spiideo Lands $20M Venture Capital Investment
Spiideo, a Swedish firm that makes AI-powered video and analytics software used by teams in the NBA, NHL and English Premier League, secured a $20 million venture…
Scarlett Johansson vs. OpenAI Foreshadows AI’s Sports Shakeup
It’s easy to imagine how superstar athletes could benefit from generative AI technology. By embracing computer model versions of themselves, they could reach more fans…
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