ALLCITY Network Raises Series B Led By TEGNA
ALLCITY Network, a multi-platform local sports network operator, has secured Series B funding led by TEGNA (NYSE: TGNA), with participation from existing investors. This investment pushes ALLCITY's total funding beyond $25 million, bolstering its position in the digital sports industry. The deal includes a commercial agreement for cross-promotion, content licensing, and distribution via TEGNA's channels and apps.
Key highlights:
- ALLCITY and TEGNA's Locked On Podcast Network talents will make guest appearances on each other's shows
- Funding will support market expansion, streaming investments, and key management hires
- Partnership aims to strengthen local sports coverage and community engagement
ALLCITY Network, un operatore di rete sportiva locale multi-piattaforma, ha ottenuto un finanziamento di Serie B guidato da TEGNA (NYSE: TGNA), con la partecipazione di investitori esistenti. Questo investimento porta il finanziamento totale di ALLCITY oltre 25 milioni di dollari, rafforzando la sua posizione nell'industria sportiva digitale. L'accordo include un'intesa commerciale per la promozione incrociata, la licenza di contenuti e la distribuzione tramite i canali e le app di TEGNA.
Elementi chiave:
- I talenti del Locked On Podcast Network di ALLCITY e TEGNA faranno apparizioni come ospiti nei rispettivi programmi
- Il finanziamento supporterà l'espansione del mercato, gli investimenti nella streaming e le assunzioni chiave nel management
- La partnership mira a rafforzare la copertura degli sport locali e il coinvolgimento della comunità
ALLCITY Network, un operador de red deportiva local multiplataforma, ha asegurado financiación de Serie B liderada por TEGNA (NYSE: TGNA), con la participación de inversores existentes. Esta inversión lleva el financiamiento total de ALLCITY a más de 25 millones de dólares, fortaleciendo su posición en la industria digital deportiva. El acuerdo incluye un convenio comercial para la promoción cruzada, la licencia de contenidos y la distribución a través de los canales y aplicaciones de TEGNA.
Aspectos clave:
- Los talentos de Locked On Podcast Network de ALLCITY y TEGNA harán apariciones como invitados en los programas de los demás
- La financiación apoyará la expansión del mercado, las inversiones en streaming y las contrataciones clave de gestión
- La asociación tiene como objetivo fortalecer la cobertura de deportes locales y la participación de la comunidad
ALLCITY 네트워크는 다중 플랫폼 지역 스포츠 네트워크 운영자로서 시리즈 B 자금을 확보하였으며, 이는 TEGNA (NYSE: TGNA)가 주도하였고 기존 투자자들의 참여가 있었습니다. 이 투자는 ALLCITY의 총 자금을 2500만 달러 이상으로 끌어올리며, 디지털 스포츠 산업에서의 입지를 강화합니다. 이번 거래에는 TEGNA의 채널과 앱을 통한 교차 홍보, 콘텐츠 라이선스 및 배급에 관한 상업적 계약이 포함되어 있습니다.
주요 사항:
- ALLCITY와 TEGNA의 Locked On Podcast Network 재능이 서로의 쇼에 게스트로 출연할 것입니다
- 자금은 시장 확장, 스트리밍 투자 및 주요 관리직 채용을 지원할 것입니다
- 파트너십은 지역 스포츠 보도 강화와 지역 사회 참여를 목표로 합니다
ALLCITY Network, un opérateur de réseau sportif local multi-plateforme, a sécurisé un financement de série B dirigé par TEGNA (NYSE: TGNA), avec la participation d'investisseurs existants. Cet investissement porte le financement total d'ALLCITY au-delà de 25 millions de dollars, renforçant sa position dans l'industrie sportive numérique. L'accord comprend une convention commerciale pour la promotion croisée, la licence de contenu et la distribution via les canaux et applications de TEGNA.
Points clés :
- Les talents du Locked On Podcast Network d'ALLCITY et de TEGNA feront des apparitions en tant qu'invités dans les émissions de l'autre
- Le financement soutiendra l'expansion du marché, les investissements en streaming et les recrutements clés en management
- Le partenariat vise à renforcer la couverture des sports locaux et l'engagement communautaire
ALLCITY Network, ein Betreiber eines mehrplattformlichen lokalen Sportnetzwerks, hat eine Serie-B-Finanzierung gesichert, die von TEGNA (NYSE: TGNA) angeführt wird, mit Teilnahme bestehender Investoren. Diese Investition hebt die Gesamtfinanzierung von ALLCITY auf über 25 Millionen Dollar und stärkt seine Position in der digitalen Sportindustrie. Der Deal umfasst eine kommerzielle Vereinbarung für Cross-Promotion, Inhalte-Lizenzierung und Distribution über TEGNA's Kanäle und Apps.
Wichtige Punkte:
- Die Talente des Locked On Podcast Network von ALLCITY und TEGNA werden in den Shows des jeweils anderen als Gast auftreten
- Die Finanzierung wird die Markterweiterung, Investitionen in Streaming und wichtige Managementeinstellungen unterstützen
- Die Partnerschaft zielt darauf ab, die lokale Sportberichterstattung und das Engagement der Gemeinschaft zu stärken
- Series B funding secured, led by TEGNA (NYSE: TGNA)
- Total funding surpasses $25 million
- Commercial agreement with TEGNA for cross-promotion, content licensing, and distribution
- Expansion into new markets planned
- Investment in streaming and FAST operations
- None.
In addition to the investment, ALLCITY and TEGNA have entered into a commercial agreement that encompasses cross-promotional opportunities, content licensing, revenue extension opportunities and distribution via TEGNA station's linear channels and streaming apps in some of America's most important sports markets. Additionally, talent from ALLCITY and TEGNA's Locked On Podcast Network will make guest appearances across each other's shows.
"ALLCITY is at a monumental inflection point where the next 18 to 24 months will not only define who we are as a company but will also define the future of local sports coverage in America," says CEO Brandon Spano. "We have never had more conviction about our model and our brand than we do right now. For this to also be recognized by such a powerful group of investors only reinforces that vision and increases our commitment to building America's next major sports network."
"Nothing brings local communities together like local sports, which is why we are pleased to be doubling down on the category through our investment and partnership with ALLCITY," said Adam Ostrow, Chief Digital Officer at TEGNA. "Through its multiplatform approach, distinctive editorial voice and diverse offerings, ALLCITY has demonstrated an ability to form deep connections with local sports fans and advertisers, making them an ideal partner to further expand TEGNA's robust sports offerings across TV and digital."
ALLCITY intends to use the proceeds for continued market expansion, investment into streaming, FAST operations and the hiring of key management positions.
ABOUT ALLCITY NETWORK
ALLCITY Network is reimagining local sports coverage, delivering daily, team-specific shows available across streaming video, podcast, and other digital platforms. Launched in 2019 in
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SOURCE ALLCITY Network
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