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Angel Investor (Individual)
ted.aol.com

Investments

12

Portfolio Exits

2

About Ted Leonsis

Theodore ("Ted") J. Leonsis is an angel investor and the Founder of Lincoln Holdings for which he is the Chairman. Leonsis has been a special advisor and consultant to numerous companies including Capitol Acquisition Corp and AOL. He was also the Chairman of Revolution Money since March 2006 which was sold to American Express in 2009. He is a graduate of Georgetown University.

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Latest Ted Leonsis News

Golden Knights Sew Up Post-RSN Future With ViewLift Streaming Deal

Aug 21, 2023

Photo by Patrick Smith/Getty Images On the heels of reaching a multiyear local TV deal with Scripps Sports, the Vegas Golden Knights have signed off on a streaming pact with the Ted Leonsis -backed platform ViewLift. Per terms of the new deal, ViewLift will stream the defending Stanley Cup champs’ games to fans throughout Nevada’s four media markets, which are home to 3.18 million residents, as well as in select areas in neighboring states such as Idaho, Montana, Utah and Wyoming. The streaming arrangement completes the Knights’ post- RSN media reconstruction. In May, the franchise announced it had extricated itself from its legacy rights deal with the soon-to-be-shuttered AT&T SportsNet Rocky Mountain. Financial considerations were not disclosed. The ViewLift service will be up and running by Sept. 24, when the Knights are set to square up with the San Jose Sharks in their first preseason tune-up. The local streaming platform will be branded under the Knights’ own banner. This marks the second publicly disclosed NHL distribution deal for the privately held ViewLift, which was co-founded by Washington Capitals owner CEO Leonsis and former Sporting News CEO Rick Allen in 2008. ViewLift also provides the streaming apparatus for Leonsis’ Monumental Sports portfolio, which includes the Caps as well as the NBA’s Wizards and WNBA’s Mystics. (NBC Sports Washington, the local TV home of the aforementioned D.C. franchises, will be relaunched as Monumental Sports Network next month.) When asked if the tech company had any further NHL deals in the works, ViewLift CEO Allen indicated that such a scenario is not outside the realm of possibility. “We are in broad contact with the league, which is a client of ours, as well as a number of individual teams,” he said in a phone call. While Allen didn’t single out any clubs, the Penguins are keen to secure new linear and digital distribution deals before Warner Bros. Discovery shutters AT&T SportsNet Pittsburgh at year’s end. There may also be opportunities for ViewLift to recruit new partners from the ranks of the various franchises that are currently affiliated with Diamond Sports Group, which filed for bankruptcy in March. While the owner of the Bally Sports RSNs has been working toward restructuring its business, those efforts are likely to be thwarted if the company fails to renew its carriage agreements with Comcast, DirecTV and Charter/Spectrum. One Diamond-linked NHL franchise that may be in need of a new media partnership is the Arizona Coyotes. As the lone remaining representative of the Big Four leagues with ties to Bally Sports Arizona—Diamond dropped the Diamondbacks on July 18, just days after the Phoenix Suns officially jumped ship—the Coyotes find themselves in an untenable situation. (Aligned with the RSN ever since relocating from Winnipeg in 1996, the Coyotes said they will honor the legacy contract as long as Diamond continues carrying their games.) As for ViewLift’s Knights deal, Allen said that hooking up with the NHL’s reigning champs is an honor. “We feel very fortunate for our legacy D.C. deals, but to work with the winners of the last Stanley Cup Final is a great, big feather in our cap,” Allen said. For his part, Knights president and CEO Kerry Bubolz gave Scripps and ViewLift a vote of confidence, saying that the team’s new media partners are well positioned to serve fans across their home markets. “It’s essential that our TV and digital services reflect our … on-ice performance,” Bubolz said in a statement. “I know that, with Scripps Sports and ViewLift, we will achieve this.” Creative Artists Agency’s merchant bank, Evolution Media Capital, served as an advisor to the Knights on the Scripps and ViewLift deals. Read More About:

Ted Leonsis Investments

12 Investments

Ted Leonsis has made 12 investments. Their latest investment was in OxiWear as part of their Seed VC on November 11, 2021.

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Ted Leonsis Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/17/2021

Seed VC

OxiWear

$1.25M

No

7

10/29/2021

Unattributed VC

Kiswe Mobile

Yes

1

4/30/2019

Series C

Professional Fighters League

$30M

No

5

8/8/2018

Series B

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$99M

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10

4/11/2018

Series B

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$99M

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10

Date

11/17/2021

10/29/2021

4/30/2019

8/8/2018

4/11/2018

Round

Seed VC

Unattributed VC

Series C

Series B

Series B

Company

OxiWear

Kiswe Mobile

Professional Fighters League

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Amount

$1.25M

$30M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

7

1

5

10

10

Ted Leonsis Portfolio Exits

2 Portfolio Exits

Ted Leonsis has 2 portfolio exits. Their latest portfolio exit was WinView on March 10, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/10/2020

Acquired

$99M

1

11/17/2016

Acquired

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$99M

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10

Date

3/10/2020

11/17/2016

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

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