Raine Group Hires Former Turner President David Levy As Senior Advisor
Raine Group, the service provider financial institution targeted on media, tech and telecom, stated it’s employed David Levy, former president of Turner and longtime leisure govt, as senior advisor.
Levy left Turner final spring after an govt shakeup following Time Warner’s acquisition by A&T&T. He brings over 30 years of sports activities media, main community broadcasting and promoting expertise to Raine the place he wil establish and execute funding and advisory alternatives. He’ll be based mostly in New York, Raine stated.
Levy oversaw Turner’s home broadcast portfolio, advert gross sales, and distribution companies. Throughout his tenure there, Raine famous, Levy boosted funding in unique premium content material and negotiated offers with the NCAA, PGA, NBA and MLB.
“The Raine Group is a frontrunner on this 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 crew homeowners round progressive alternatives and new enterprise concepts,” stated Levy. “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.”
Raine Group co-founder Joe Ravitch stated, “Levy’s historical past of innovation, execution and profitable investing within the area, alongside along with his sturdy observe report in digital media and new enterprise fashions, will assist Raine stay on the slicing fringe of this new chapter in our industries.”
Raine Group has grow to be more and more energetic within the sports activities advisory and investing area, together with being employed by FIFA to help with its plans for the Membership World Cup; serving to Manchester Metropolis increase $500 million from Silver Lake; advising Endeavor on its acquisition of On Location Experiences; and dealing with FC Cincinnati to boost $100 million from Meg Whitman.
