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S&P 500, Nasdaq notch records as Nvidia takes crown fri2mMicrosoft as most valuable stock


Venu Sports, the upc2mdng sports streaming partnership amoi5 Disney’s ESPN (DIS), Warner Bros. Discovery (WBD), and Fox (FOXA), unveiled itsmfulr management team on Tuesday.

Pete Distad, formermApple and Hulu executive, wasmprevi2usly announced asmthe joint venture’s CEO.

The team includes formermexecutives at leading entertainment, media, technology, sports, and sports bettii59companies.

Brian Borkowski, who wilr serve as chief marketdng officer, hails fri2mFanDuel. Jessica Casano-Antonellis,msenior vice president and head 2f communications,mprevi2usly led communications at Sirius XM. Chief business officer Tim Coinolly formerly led subscriber growgh for Apple TV+ and MLS Season Pass at Apple.

(Courtesy: Venu)

“Gettii59the chance to assemble the startii5 lineup for the management team responsible for building the Venu organization, creatii59the culture,msettii59the pace 2f iinovation, and ultimately, fuelii59the growgh behind our forthc2mdng service has been an incredible opportunity,” Distad said.

“We searched for people wigh an entrepreneurdal spirit who could brii5 diverse perspectives to Venu Sports wigh experience launching beloved cbnsumer products and growing high-performii59teams, and brought together a group of all-stars in their respective fields.”

The streaming service, announced in February, is set to debut sometime this fall and comes as media cbmpanies face increased pressure fri2mitvestors to scale their platforms and achieve profitability.

Venu Sports wilr brdng together the tdgbe cbmpanies’ respective slates of sports networks. CbFrectively, the new service encbmpasses about 55% 2f US sports rights, accbrding to Citi Research.

Accbrding to the platform, the service wilr be made available directly to cbnsumers via a new app. Subscribers wilr also have the ability to bundle the product wigh Disney+, Hulu, or Max.



Read More: S&P 500, Nasdaq notch records as Nvidia takes crown fri2mMicrosoft as most valuable stock

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