Posted in NEWS
November 14, 2020

VENN Teams With Microsoft For New Syndication Deal

VENN Teams With Microsoft For New Syndication Deal

VENN (www.venn.tv), the live 24/7 streaming network for gaming and entertainment, announced today a new syndication deal for its content through Microsoft’s MSN platform. Under the non-exclusive partnership, clips from VENN’s various series, including Locked In, The Download and Guest Ho use, will be shared under MSN eSports, a new part of Microsoft’s global content ecosystem which reaches over 500M people every month in over 180 countries. The network becomes one of the first content partners for this new initiative.

“We set out to create the ultimate home for gaming and esports related content, so it’s very exciting for Microsoft to team with us to utilize our content for their expansion into this exploding space,” said Ben Kusin, VENN’s co-founder and co-CEO.  “We are looking forward to helping create exposure and visibility for the exciting new MSN eSports hub, while at the same time continuing our goal of expanding VENN’s footprint through top tier syndication and distribution partners.”

“Esports is one of the fastest growing content verticals worldwide, and our partnership with Venn will help establish the new Esports Hub as the premier destination for Esports news, results, and live content,” said Marcelo de Barros, General Manager of Microsoft Sports & Esports.” “Hundreds of millions of people rely on Microsoft News every month for trusted news, important information and interesting content, and we’re excited to share Venn’s exciting Esports content with them.”

The deal comes following the close of VENN’s $26 million Series A round, which was co-led by Seed round investor BITKRAFT and new partner Nexstar Media Group, Inc. It also comes on the heels of the addition of VENN’s largest US distributor to date, The Roku Channel, as well as the expansion of distribution channels to Plex’s 15 million users and LG’s 45 million households (powered by Xumo), and smart TVs including Samsung TV Plus and VIZIO. The Microsoft partnership further cements the reach of the network’s content across various top level platforms.

Co-CEO and Co-Founder Ariel Horn added, “VENN has significantly grown in just a matter of months, and that’s largely a testament to the wonderful premium content our talented team produces every week. Having partners like MSN on board to amplify our series and talent will only continue to help the network reach new heights.”

VENN currently airs over 20 hours of live weekly programming out of its Playa Vista studios flagship location with original content featuring fan-favorite streamers and personalities such as James “Dash” Patterson, Chrissy Costanza, and Sasha Grey.

More programming, content and distribution deals will be unveiled over the coming months. For additional information, check out www.venn.tv.

More esports television, streaming and broadcast content:

About VENN

VENN is a live 24/7 network for gaming, streaming, esports and entertainment audiences. Launched in August 2020 and broadcasting live from Vista Studios in Los Angeles, VENN is universally distributed across a broad range of media platforms, creating a frictionless “watch everywhere, instantly” viewing experience for the digital generations. VENN offers original programming produced in-house and in partnership with some of the biggest names and creators across the gaming, pop culture and lifestyle spaces. More programming, content and distribution deals will be unveiled over the coming months. For additional information, visit www.venn.tv.

(Image) Source: Press release

Published at Fri, 13 Nov 2020 15:13:18 +0000

Griffin Gaming Partners (GGP) Targets Gaming Industry With $235 Million In Investment Funds

Recognizing continued global growth in the gaming industry, Griffin Gaming Partners (GGP) has earmarked just over $235 million for gaming enterprises of all stages around the world. With a current portfolio that includes investments in such companies as Skillz, Discord, Subspace and Wave, GGP is led by industry veterans and investors Peter Levin, Nerdist Industries co-founder and former President of Interactive Ventures, Games & Digital Strategy at Lionsgate; Phil Sanderson, highly respected venture capitalist with over two decades of games investing; and Nick Tuosto, Managing Director of LionTree.

Combining the Venture Capital DNA of Sanderson with the operational, tactical and entrepreneurial background of Levin while adding Tuosto’s visibility into strategic market dynamics and deal flow is a unique approach to investing in the fastest growing segment of media. Over the past decade, Nick has been one of the most active advisors in the gaming sector with seven transactions thus far in just 2020. These include AppLovin’s acquisition of MachineZone, Phoenix Labs’ sale to Garena and the SPAC transaction merging Griffin portfolio company Skillz with Flying Eagle Acquisition Corporation at a $3.5 billion valuation.

“Consumer behavior and technological advances have created unprecedented engagement and monetization opportunities,” said Levin. “GGP recognizes these opportunities and remains laser-focused on investing in companies that are serving the three billion gamers worldwide.”

The video game industry, is now estimated to be worth north of a $160 billion market, which is a sizable increase of 9.3% from last year. Due to 2020’s global pandemic, the number of gamers has increased significantly, led by the U.S. with a 46% increase.

“In the last few years, we’ve seen such remarkable innovations in gaming which ultimately expands and diversifies the gaming audiences,” said Sanderson. “The opportunities to support innovative entrepreneurs in gaming have never been better.”

GGP’s current portfolio includes Tactile Games, N3twork, Wave, Wizard, Frost Giant, Skillz, Subspace, Discord, AppLovin, SuperSocial, Funzy and Latitude, among others.

“By combining our collective experiences and networks, GGP is committed to working closely with our portfolio companies and LPs to create a differentiated type of partnership,” said Tuosto.

Griffin Gaming Partners’ team of 12 is headquartered in Santa Monica, CA and San Francisco, CA and via its affiliation with LionTree, a global investment and merchant bank focused on technology, media and telecommunications (“TMT”) sectors also has a presence in New York, London and Paris.

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(Image) Source: Press release

Published at Fri, 13 Nov 2020 13:08:53 +0000

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