Latest news with #MainStreetSportsGroup
Business Wire
7 hours ago
- Business
- Business Wire
FanDuel Sports Network Extends Carriage Agreement with Comcast
SOUTHPORT, Conn.--(BUSINESS WIRE)--FanDuel Sports Network, owned and operated by Main Street Sports Group, today announced it has extended its existing carriage agreement with Comcast. Under the agreement, Xfinity Ultimate TV package subscribers in FanDuel Sports Network markets will continue to have access to live, local MLB, NBA and NHL games and pre- and post-game coverage. Fans will also continue to receive the network's full slate of programming, including Golic & Golic and more, in addition to being able to stream regionally distributed programming on the FanDuel Sports Network app using their Xfinity credentials. Eric Ratchman, Chief Revenue Officer of Main Street Sports Group stated, 'Extending our agreement with Comcast provides certainty to our viewers and enables us to keep fans connected to their local teams and broadcasts through Xfinity. We remain committed to delivering the best viewing experience across platforms, driving innovation in our broadcasts, and ensuring fans can follow the teams they love." Financial terms of the carriage agreement were not disclosed. About Main Street Sports Group Main Street Sports Group owns FanDuel Sports Network, the nation's leading multiplatform provider of local sports, offering fans widescale availability and optionality to view their local teams. FanDuel Sports Network serves as the local media partner and home to select MLB, NHL and NBA teams and produces over 3,000 live sports events year-round. Main Street Sports Group harnesses its powerful partnerships, in-house direct-to-consumer streaming product and innovative strategies to reach audiences and deliver programming seamlessly across streaming platforms, connected devices and leading pay TV providers. Its 15 owned-and-operated networks include FanDuel Sports Network Detroit, FanDuel Sports Network Florida, FanDuel Sports Network Kansas City, FanDuel Sports Network Indiana, FanDuel Sports Network Midwest, FanDuel Sports Network North, FanDuel Sports Network Ohio, FanDuel Sports Network Oklahoma, FanDuel Sports Network SoCal, FanDuel Sports Network South, FanDuel Sports Network Southeast, FanDuel Sports Network Southwest, FanDuel Sports Network Sun, FanDuel Sports Network West, and FanDuel Sports Network Wisconsin. Main Street Sports Group also has a minority interest in YES Network, the local destination for the New York Yankees and Brooklyn Nets.
Associated Press
7 hours ago
- Business
- Associated Press
FanDuel Sports Network Extends Carriage Agreement with Comcast
SOUTHPORT, Conn.--(BUSINESS WIRE)--Aug 21, 2025-- FanDuel Sports Network, owned and operated by Main Street Sports Group, today announced it has extended its existing carriage agreement with Comcast. Under the agreement, Xfinity Ultimate TV package subscribers in FanDuel Sports Network markets will continue to have access to live, local MLB, NBA and NHL games and pre- and post-game coverage. Fans will also continue to receive the network's full slate of programming, including Golic & Golic and more, in addition to being able to stream regionally distributed programming on the FanDuel Sports Network app using their Xfinity credentials. Eric Ratchman, Chief Revenue Officer of Main Street Sports Group stated, 'Extending our agreement with Comcast provides certainty to our viewers and enables us to keep fans connected to their local teams and broadcasts through Xfinity. We remain committed to delivering the best viewing experience across platforms, driving innovation in our broadcasts, and ensuring fans can follow the teams they love.' Financial terms of the carriage agreement were not disclosed. About Main Street Sports Group Main Street Sports Group owns FanDuel Sports Network, the nation's leading multiplatform provider of local sports, offering fans widescale availability and optionality to view their local teams. FanDuel Sports Network serves as the local media partner and home to select MLB, NHL and NBA teams and produces over 3,000 live sports events year-round. Main Street Sports Group harnesses its powerful partnerships, in-house direct-to-consumer streaming product and innovative strategies to reach audiences and deliver programming seamlessly across streaming platforms, connected devices and leading pay TV providers. Its 15 owned-and-operated networks include FanDuel Sports Network Detroit, FanDuel Sports Network Florida, FanDuel Sports Network Kansas City, FanDuel Sports Network Indiana, FanDuel Sports Network Midwest, FanDuel Sports Network North, FanDuel Sports Network Ohio, FanDuel Sports Network Oklahoma, FanDuel Sports Network SoCal, FanDuel Sports Network South, FanDuel Sports Network Southeast, FanDuel Sports Network Southwest, FanDuel Sports Network Sun, FanDuel Sports Network West, and FanDuel Sports Network Wisconsin. Main Street Sports Group also has a minority interest in YES Network, the local destination for the New York Yankees and Brooklyn Nets. View source version on CONTACT: For Main Street Sports Group Reevemark: Paul Caminiti/Renée Soto/Luc Herbowy [email protected] For FanDuel Sports Network: Whitney Burak [email protected] KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT INDUSTRY KEYWORD: BASKETBALL BASEBALL SPORTS GENERAL SPORTS ENTERTAINMENT HOCKEY ONLINE MOBILE ENTERTAINMENT OTHER ENTERTAINMENT TV AND RADIO SOURCE: Main Street Sports Group Copyright Business Wire 2025. PUB: 08/21/2025 12:30 PM/DISC: 08/21/2025 12:30 PM
Yahoo
04-08-2025
- Business
- Yahoo
FANDUEL SPORTS NETWORK APPOINTS DAMON PHILLIPS TO LEAD SOUTH, SOUTHEAST, FLORIDA AND SUN REGIONS
Phillips Brings 30+ Years of Digital Media and Sports Innovation Experience to FanDuel Sports Network SOUTHPORT, Conn., Aug. 4, 2025 /PRNewswire/ -- FanDuel Sports Network, owned and operated by Main Street Sports Group, today announced that Damon Phillips is joining the Company as Executive Vice President, Team Partnerships, effective August 25. In this role, Phillips will assume oversight of the South, Southeast, Florida and Sun regions, including partnerships with the Atlanta Braves, Atlanta Hawks, Carolina Hurricanes, Charlotte Hornets, Memphis Grizzlies, Miami Heat, Miami Marlins, Nashville Predators, Orlando Magic and Tampa Bay Rays. He will report to David DeVoe, President of Main Street Sports Group. "Damon brings an exceptional track record of using digital innovation, audience segmentation, and cross-platform strategies to drive fan growth and engagement," said DeVoe. "As we continue to invest in our local sports media platform, Damon's deep leadership experience at both NBC Sports and ESPN, combined with his ability to scale technology-forward solutions for both media companies and team partners, provide a unique perspective as we continue to focus on team-first solutions in a dynamic local media landscape." "I'm thrilled to be joining a company that's reshaping what local sports media can deliver for fans and partners," said Phillips. "FanDuel Sports Network has built a strong foundation and is uniquely positioned to harness the power of local fandom, scale engaged audiences and unlock new growth across its markets. I'm excited to help drive this next chapter." Phillips has spent more than three decades at the intersection of sports, media, and technology, including senior leadership roles at NBCUniversal and ESPN. At NBC Sports, he served as Senior Vice President, Digital Media & Emerging Businesses, overseeing Sports Betting, Fantasy Sports, the NBC Sports YouTube Channel, Peacock B2B distribution, and multiple podcast and streaming ventures. He led partnerships with DraftKings, BetMGM, Fanatics, and others, and provided strategic direction for the company's FAST and sports betting content initiatives. Earlier in his NBC tenure, Phillips served as SVP & General Manager of NBC Sports Washington, overseeing the regional network for the Washington Wizards, Capitals, and Commanders. His work there laid a strong foundation in optimizing team partnerships, experience that aligns directly with FanDuel Sports Network's strategic priorities. At ESPN, he held executive roles overseeing ESPN3 and WatchESPN, helping to scale live streaming, dynamic ad insertion, and multi-screen capabilities across thousands of events annually. Prior to that, Phillips held positions at DIRECTV, Disney, and the NBA. With the addition of Damon Phillips, FanDuel Sports Network's regional leadership team now includes Sarah Tourville (Midwest/Kansas City/Indiana, Southwest and West/SoCal) and Randy Stephens (Detroit, North/Wisconsin, and Ohio). All three executives report directly to David DeVoe. About Main Street Sports GroupMain Street Sports Group owns FanDuel Sports Network, the nation's leading multiplatform provider of local sports, offering fans widescale availability and optionality to view their local teams. FanDuel Sports Network serves as the local media partner and home to select MLB, NHL and NBA teams and produces over 3,000 live sports events year-round. Main Street Sports Group harnesses its powerful partnerships, in-house direct-to-consumer streaming product and innovative strategies to reach audiences and deliver programming seamlessly across streaming platforms, connected devices and leading pay TV providers. Its 15 owned-and-operated networks include FanDuel Sports Network Detroit, FanDuel Sports Network Florida, FanDuel Sports Network Kansas City, FanDuel Sports Network Indiana, FanDuel Sports Network Midwest, FanDuel Sports Network North, FanDuel Sports Network Ohio, FanDuel Sports Network Oklahoma, FanDuel Sports Network SoCal, FanDuel Sports Network South, FanDuel Sports Network Southeast, FanDuel Sports Network Southwest, FanDuel Sports Network Sun, FanDuel Sports Network West, and FanDuel Sports Network Wisconsin. Main Street Sports Group also has a minority interest in YES Network, the local destination for the New York Yankees and Brooklyn Nets. Contacts: For Orchestra:fdsn@ For FanDuel Sports Network: Whitney BurakWBurak@ View original content to download multimedia: SOURCE Main Street Sports Group, LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
05-05-2025
- Business
- Business Wire
FanDuel Sports Network Doubles DTC Subscriber Base in Eight Weeks, Nears 650,000 Paid Subscribers Amid Strong Streaming Growth
SOUTHPORT, Conn.--(BUSINESS WIRE)--FanDuel Sports Network today announced significant growth and expansion of its streaming audience. Driven by live game coverage, 100% reach across the regional TV territories of all 30 of its team partners, improved product experience and functionality, differentiated fan-friendly subscription offerings, partnership integrations with Amazon Prime Video and FanDuel, as well as collaborations with Yahoo Sports and SB Nation, and traditional cable and satellite distribution with expansive TV Everywhere (TVE) capabilities, FanDuel Sports Network's streaming offering has seen exceptional growth and engagement. Since the start of the 2025 MLB season, the streaming platform has seen strong engagement from paid and authenticated subscribers, averaging a quarter million unique daily users and nearly 1 million unique monthly users. The network has also doubled its paid subscriber base in just eight weeks, nearing 650,000 paid subscribers, and is on track to reach 1 million direct-to-consumer (DTC) subscribers by year's end. 'We're progressing on our mission to reinvent the local sports media landscape by delivering a new standard for teams and their hometown fans, while also elevating the visibility of our team partners,' said David Preschlack, CEO of Main Street Sports Group. 'Through our industry-leading multiplatform distribution, unmatched local rights aggregation and scalable live production capabilities, we're creating a more dynamic, accessible, and modern ecosystem for hometown sports, and we're just getting started.' Adding to the platform's momentum, average watch-time per game has increased to 92.5 minutes, up 9% year-over-year (YoY) demonstrating deeper user engagement. The network also amassed over 820 million streaming minutes in April, representing a 79% YoY surge. In addition to strong engagement, FanDuel Sports Network is attracting a younger, more digitally native and engaged audience with new content offerings and in-game enhancements. On average, FanDuel Sports Network's streaming viewers are 12 years younger than its traditional cable audience, with many of these cord-never viewers contributing to the incremental growth of the broader ecosystem. 'It's exciting to see that our partnerships and unique offerings are resonating so well with passionate hometown fans and driving strong viewership and engagement across our growing subscriber base,' said Michael Schneider, Chief Operating Officer and General Manager of DTC, Main Street Sports Group. Schneider added, 'Our ability to move fast and own the full subscriber journey gives us unmatched efficiency in acquiring DTC subscribers and harnessing viewership data to better understand and acquire more of these younger, local sports fans at scale.' Streaming data provided by Google Analytics. About Main Street Sports Group Main Street Sports Group owns FanDuel Sports Network, the nation's leading multiplatform provider of local sports, offering fans widescale availability and optionality to view their local teams. FanDuel Sports Network serves as the local media partner and home to select MLB, NHL and NBA teams and produces over 3,000 live sports events year-round. Main Street Sports Group harnesses its powerful partnerships, in-house direct-to-consumer streaming product and innovative strategies to reach audiences and deliver programming seamlessly across streaming platforms, connected devices and leading pay TV providers. Its 15 owned-and-operated networks include FanDuel Sports Network Detroit, FanDuel Sports Network Florida, FanDuel Sports Network Kansas City, FanDuel Sports Network Indiana, FanDuel Sports Network Midwest, FanDuel Sports Network North, FanDuel Sports Network Ohio, FanDuel Sports Network Oklahoma, FanDuel Sports Network SoCal, FanDuel Sports Network South, FanDuel Sports Network Southeast, FanDuel Sports Network Southwest, FanDuel Sports Network Sun, FanDuel Sports Network West, and FanDuel Sports Network Wisconsin. Main Street Sports Group also has a minority interest in YES Network, the local destination for the New York Yankees and Brooklyn Nets.
CNBC
05-05-2025
- Business
- CNBC
FanDuel Sports Network touts streaming subscriber growth for regional games
The regional sports networks owned by Main Street Sports Group are winning over streaming subscribers. FanDuel Sports Network, the recently rebranded portfolio of regional channels, said Monday its paid subscribers doubled to nearly 650,000 over a period of eight weeks. The company expects to reach one million direct-to-consumer customers by the end of the year. The update comes months after Main Street Sports Group emerged from bankruptcy protection, having significantly trimmed its debt load and scaled back on the number of teams in its portfolio after reworking its agreements with lenders, teams and leagues. There are 15 owned and operated networks under the FanDuel Sports Network banner — known as Bally Sports until recently — airing coverage of 30 Major League Baseball, National Basketball Association and National Hockey League teams across the U.S. On Monday, the company said that since the start of the 2025 MLB season, the streaming platform has been averaging 250,000 unique daily users and about one million unique monthly users. In addition, the average watch time per game is up 9% year over year to 92.5 minutes, according to the company. The numbers have been buoyed by new ways to stream the networks. As part of the bankruptcy proceedings, Main Street Sports inked a deal with Amazon's Prime Video to make the networks available on the streaming platform, in addition to their own direct-to-consumer apps. The deal with Amazon is nonexclusive, giving Main Street the ability to pursue streaming rights deals with other partners, CNBC previously reported. In March, the company struck another partnership with SB Nation and Yahoo Sports with the goal of "accelerating subscriber growth and expanding awareness" of the streaming app ahead of the start of the MLB season. That partnership integrates affiliate links and tune-in messaging within SB Nation's content. It also ties the networks to Yahoo's Sports fantasy community, and offers free trials periodically. Michael Schneider, chief operating officer and general manager of direct-to-consumer at Main Street Sports Group, credited the growth to FanDuel Sports Network's various partners, as well as what he called an "efficient acquisition program" for capturing new customers. He added that team partners have been helping, too, with promotional offers for fans on social and digital platforms helping to drive subscriptions. "We're progressing on our mission to reinvent the local sports media landscape by delivering a new standard for teams and their hometown fans, while also elevating the visibility of our team partners," said David Preschlack, CEO of Main Street Sports Group, in a news release. The various streaming and digital partnerships come as regional sports networks like those owned by Main Street Sports are weighed down by substantial losses among pay-TV subscribers. For years, regional sports networks had proved to be a lucrative business model for teams and leagues. But the fleeing of pay-TV subscribers to streaming options have left the networks needing to adapt and facing pushback from pay-TV distributors about their contracts. Recently, MSG Networks went dark for customers of Altice USA's pay-TV bundle before the two reached a deal that gave Altice more flexibility. MSG Sports, which airs local New York Knicks and other teams' games on pay TV and its Gotham Sports streaming app, has faced financial turmoil as the regional sports network model evolves. FanDuel Sports Network starts at $19.99 a month for access to one network and gets more expensive for broader access depending on the region. The relatively expensive price point for streaming regional sports networks is due to contracts with pay TV providers. Preschlack told CNBC Sport in an interview earlier this year the company will test out lower price points. Schneider said pricing is uniform in most regions. "Teams have provided specific offers to their fan base and we're learning by constantly testing what the optimal price point and offers are to bring in maximum subs," he said.
