David Levy Joins Raine Group as Senior Adviser – Variety
David Levy, the previous president of WarnerMedia’s cable and sports activities belongings, has joined The Raine Group, an funding financial institution that focuses on the expertise, media and telecommunication sectors. He’s anticipated to assist Raine establish and execute funding and advisory alternatives, and can be based mostly in New York.
“The Raine Group is a pacesetter on the planet of recent sports activities content material, and I’m thrilled to be part of the agency as they work intently with leagues, conferences, and workforcehomeowners round revolutionary alternatives and new enterprise concepts, in addition to assist Raine proceed to develop their portfolio’s broadcasting and digital media choices,”stated Levy, in a ready assertion. “I imagine {that a} new wave of innovation is simply starting, and it’s thrilling to be part of a agency on the forefront of that motion.”
Levy had a protracted profession at Time Warner, the place he supervised the corporate’s U.S. portfolio of TV networks, promoting gross sales and distribution. He additionally constructed the corporate’s sports activities portfolio, serving to to barter offers with the NCAA, PGA, NBA and MLB.
“I’ve been lucky to know David for over 25 years and witnessed his great influence on the sports activities and leisure business,” stated Joe Ravitch, a co-foudner of Raine. “David’s historical past of innovation, execution and profitable investing within the area, alongside together with his sturdy observe file in digital media and new enterprise fashions, will assist Raine stay on the slicing fringe of this new chapter in our industries.”
The Raine Group has expertise within the sports activities advisory and investing sectors. The agency was just lately appointed by FIFA to help with its plans for the Membership WorldCup, helped Manchester Metropolis elevate $500 million from Silver Lake, suggested Endeavor on its acquisition of On Location Experiences and labored with FC Cincinnati to boost$100 million from Meg Whitman. Raine has invested in firms reminiscent of DraftKings, Beachbody, Thrill One Leisure, Premier Lacrosse League and Reigning Champs.
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“David is a legendary determine in sports activities and media who brings a inventive, forward-thinking strategy to alternatives and drawback fixing,’ stated Colin Neville, a Raine accomplice who oversees its sports activities efforts. ” We’re excited to accomplice with David and know he can be a significant asset for our portfolio firms and purchasers.”