Wave Sports + Entertainment plans to use the funds “to accelerate the launch and scale of new and existing media brands, talent-led original shows, and premium programming geared towards today’s highly-engaged superfans,” according to a press release.

In addition, the platform will create sports betting content, consumer products, new personalized interactions for fans, and revamp its content management and analytics platform.

“Sports storytelling is timeless, and this simple concept is at the heart of WSE’s vision,” said Brian Verne, Co-founder and CEO, WSE, in a press release. “WSE represents the future of sports and entertainment for an entire generation of new fans. We are evolving legacy sports media by creating content that resonates with today’s audiences and that is designed for the digital formats where they spend most of their time.”

Wave Sports + Entertainment also announced Rich Battista will join the team as Executive Chairman of the Board of Directors of the company.

“WSE has a thorough grasp on the rapidly evolving media consumption habits of younger sports fans, making it uniquely positioned to reshape sports media for the next generation. I look forward to working alongside Brian and his team to guide WSE to its fullest potential,” said Rich Battista, according to a press release.

Brian Verne

Sign up for our daily Newsletter.