Whistle, a five-year old entertainment and sports media company, has acquired Vertical Networks, a mobile-first content studio founded by Elisabeth Murdoch and backed by Snapchat parent Snap Inc. V…
earlier this year, a deal that gave Discovery, ITV, Ron Howard and Brian Grazer equity positions in Whistle. In a press release announcing the Vertical acquisition, Whistle said it is on track to double its revenue in 2019. The company has raised more than $100 million from investors such as Jeffrey Katzenberg’s WndrCo, NBC Sports, Sky Sports, Liberty Global and Tegna since its 2014 launch.
Terms of the transaction were not disclosed. Under the deal, current Vertical Networks shareholders, including affiliates of Elisabeth Murdoch and Snap, are becoming shareholders in Whistle. The transaction marks the latest combination of assets in a highly active digital dealmaking sector, with others including Vice Media buying Refinery29 and Vox taking over New York magazine. With myriad pressures weighing on digital properties once they get funded, up and running, scaling back and then looking for partners has been the next phase in the life cycle of many companies.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Whistle is buying Elisabeth Murdoch's mobile studio, Vertical NetworksVertical Networks could help Whistle, known for sports content, expand in lifestyle and entertainment, and monetize its properties in more ways.
Weiterlesen »
Elisabeth Murdoch, Stacey Snider and Jane Featherstone form new production companyVeteran media executives Elisabeth Murdoch, Stacey Snider and Jane Featherstone have formed a new production company called Sister.
Weiterlesen »
LeAnn Rimes to Join HGTV's 'Extreme Makeover: Home Edition' Reboot as a Special GuestHGTV's Extreme Makeover: Home Edition is coming back in 2020, and the network announced on Thursday (Oct. 3) that LeAnn Rimes will join the popular show as a special guest.
Weiterlesen »
Column: Did Stephen Miller accidentally blow the whistle on Trump's presidency?By calling the president a whistleblower, Stephen Miller took Trumpian doublespeak past the point of absurdity and revealed its duplicitous truth
Weiterlesen »