{"id":29235,"date":"2016-08-15T15:55:01","date_gmt":"2016-08-15T20:55:01","guid":{"rendered":"http:\/\/www.pwtorch.com\/site\/?p=29235"},"modified":"2016-08-18T15:32:01","modified_gmt":"2016-08-18T20:32:01","slug":"report-wwe-invests-sports-broadcasting-company","status":"publish","type":"post","link":"https:\/\/www.pwtorch.com\/site\/2016\/08\/15\/report-wwe-invests-sports-broadcasting-company\/","title":{"rendered":"Report &#8211; WWE invests in sports broadcasting company; Update &#8211; part of &#8220;joint venture&#8221; with Discovery"},"content":{"rendered":"<div id=\"pwtor-3819688756\" class=\"pwtor-before-content pwtor-entity-placement\"><hr \/><b>SPOTLIGHTED PODCAST ALERT (YOUR ARTICLE BEGINS A FEW INCHES DOWN)... <\/b>\r\n\r\n<iframe src=\"https:\/\/widget.spreaker.com\/player?show_id=3076978&theme=light&playlist=false&playlist-continuous=false&autoplay=false&live-autoplay=false&chapters-image=true&episode_image_position=right&hide-logo=false&hide-likes=false&hide-comments=false&hide-sharing=false&hide-download=true\" width=\"100%\" height=\"140px\" frameborder=\"0\"><\/iframe>\r\n<hr \/><\/div><p>WWE is one of a handful of companies to invest in a sports broadcasting company FloSports, Inc., <a href=\"http:\/\/www.bizjournals.com\/austin\/news\/2016\/08\/15\/austins-flosports-hauls-in-21m-including-from.html?ana=RSS%26s%3Darticle_search&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+bizj_austin+%28Austin+Business+Journal%29\" target=\"_blank\">reports the Austin (Texas) Business Journal<\/a>.<\/p>\n<p>FloSports has acquired $21.2 million of funding to help &#8220;boost the number of niche sports it broadcasts online.&#8221; WWE is one of the investors along with DCM Ventures, Bertelsmann Digital Media in New York City, Discovery Communications, and Causeway Media Partners. WWE&#8217;s share was not disclosed.<\/p>\n<p>The online sports broadcaster currently live-streams track &amp; field, MMA, and Olympic sports, including amateur wrestling. FloSports currently does not\u00a0broadcast pro wrestling, but the &#8220;company isn&#8217;t ruling it out.&#8221;<\/p>\n<p>It&#8217;s unclear what\u00a0WWE&#8217;s plans are for their investment in the company.<\/p>\n<p>FloSports offers their service on a subscription basis, like WWE Network, but with a heftier price tag of $20\/month or $150 for the year.<\/p>\n<p><strong>Update:\u00a0<\/strong>Discovery Communications <a href=\"http:\/\/www.streetreport.co\/discovery-communications-inc-nasdaqdisca-and-world-wrestling-entertainment-joint-venture\/52665\/\" target=\"_blank\">announced a &#8220;joint venture&#8221; with WWE<\/a> for the investment in FloSports.<\/p>\n<p>It&#8217;s still unclear what the benefit is to WWE and Discovery for the shared $21.2 million investment in the online sports broadcaster.<\/p>\n<div class=\"pwtor-end-article-groups pwtor-entity-placement\" id=\"pwtor-393124838\"><div id=\"pwtor-425367542\"><div align=\"center\" data-freestar-ad=\"__336x280\" id=\"pwtorchcom_medrec_3\">\r\n  <script data-cfasync=\"false\" type=\"text\/javascript\">\r\n    freestar.config.enabled_slots.push({ placementName: \"pwtorchcom_medrec_3\", slotId: \"pwtorchcom_medrec_3\" });\r\n  <\/script>\r\n<\/div>\r\n\r\nTHANK YOU FOR VISITING<\/div><\/div>","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>WWE is one of a handful of companies to invest in a sports broadcasting company FloSports, Inc., reports the Austin (Texas) Business Journal. FloSports has acquired $21.2 million of funding to help &#8220;boost the number <a class=\"mh-excerpt-more\" href=\"https:\/\/www.pwtorch.com\/site\/2016\/08\/15\/report-wwe-invests-sports-broadcasting-company\/\" title=\"Report &#8211; WWE invests in sports broadcasting company; Update &#8211; part of &#8220;joint venture&#8221; with Discovery\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":1239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[3678,71],"class_list":["post-29235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news_wwe","tag-flosports","tag-wwe"],"jetpack_featured_media_url":"https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/2015\/10\/WWELogo_3x2.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/29235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/comments?post=29235"}],"version-history":[{"count":3,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/29235\/revisions"}],"predecessor-version":[{"id":29530,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/29235\/revisions\/29530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media\/1239"}],"wp:attachment":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media?parent=29235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/categories?post=29235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/tags?post=29235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}