Gracenote Inc, a division of Tribune Media Co (NYSE: TRCO), has acquired SportsDirect Inc, a provider of sports data and statistics based in Halifax, Nova Scotia. A total of US$54 million was paid for SportsDirect and two related businesses. Gracenote said it will tap the content of these companies and leverage its own entertainment information resources to create new data-driven sports products and services. Tribune Media, a multi-media business headquartered in Chicago, is backed by Oaktree Capital Management, Angelo, Gordon & Co and JPMorgan Chase.
Gracenote Acquires Sports Data Firms, Launches “Gracenote Sports”
Company Acquires Infostrada Sports and SportsDirect; Becomes First Global Provider of Music, Movie, TV, and Sports Data
EMERYVILLE, Calif., May 28, 2015 /PRNewswire/ — Gracenote, Inc., the world’s leading provider of entertainment data and a division of Tribune Media Company (NYSE: TRCO), today announced the acquisition of Infostrada Statistics, B.V. (“Infostrada Sports”), and SportsDirect, Inc., and the launch of Gracenote Sports. The acquisitions make Gracenote the first global provider of music, video and sports data, and enable the company to provide one-stop data solutions for its roster of blue-chip clients in the U.S. and around the world. Infostrada Sports and SportsDirect produce and distribute the most extensive set of sports data in North America, Europe and Asia—together, they will provide the foundation for Gracenote to deliver next-generation sports statistics to the rapidly growing sports entertainment market.
Infostrada Sports and SportsDirect provide Gracenote with in-depth sports data, including schedules, scores, play-by-play stats, as well as team and player information for all of the major professional leagues around the world including the National Football League (NFL), Major League Baseball (MLB), National Basketball Association (NBA), National Hockey League (NHL), and European Football and the Olympics. Gracenote will tap into these data sets and leverage its own entertainment data expertise to create new data-driven sports products and services for fantasy sports and fan applications, as well as a variety of online, broadcast and print media.
“Our clients have been asking for Gracenote to add sports data to the music and video solutions that we already provide worldwide. The acquisition of Infostrada Sports and SportsDirect will immediately position Gracenote to take a leadership role in the growing sports entertainment data market and will make Gracenote the only company to deliver a portfolio of music, video, and sports data,” said John Batter, CEO of Gracenote. “Gracenote has deep experience producing, packaging, and monetizing entertainment data for the world’s top music, movie and TV brands. The addition of sports allows us to apply our technology and data capabilities to the sports sector and create new ways to enhance the fan experience.”
Gracenote will also work with its existing customer base, which includes the world’s top cable and satellite operators, consumer electronics manufacturers and automakers, to define entirely new experiences for sports fans. As connected devices become even more pervasive, Gracenote will be uniquely positioned to drive viewer tune-in by featuring next-generation sports data and statistics in cable and satellite program guides. Gracenote will also be able to deliver sports data as statistical overlays for live sports events on Smart TVs and handsets, and live alerts on automobile dashboards.
Based in the Netherlands, Infostrada Sports focuses on the Olympics and European football sports data with global and historical coverage for more than 250 sports, in 17 languages, dating back more than 100 years. The company has cultivated deep partnerships with broadcasters, national Olympic committees, international sports federations, and sporting event organizers around the world. In addition, Infostrada Sports has developed a sports data platform to deliver direct data feeds to its global customers.
SportsDirect is based in Halifax, Nova Scotia, and is a leading provider of sports data and statistics for more than 50 leagues and 2,000 teams across the NFL, MLB, NBA, NHL, National Collegiate Athletic Association (NCAA), soccer, golf, auto racing and tennis. Its data currently serves top media companies including Thomson Reuters and USA Today Sports, as well as fantasy sites, sports books and ad networks. These companies rely on SportsDirect for high quality sports analysis, news and coverage, scores, statistics and photos.
As part of the SportsDirect acquisition, Gracenote has also acquired the Covers Media Group, the operator of Covers.com, North America’s premier online sports gaming destination for scores, odds and matchups, unique editorial analyses and industry news coverage.
The acquisitions of Infostrada Sports, SportsDirect, Covers and launch of the Gracenote Sports business will also deliver value to Tribune Media by enabling it to integrate the data generated by these companies across its 42 broadcast stations and related web sites. Tribune Media broadcasts NFL games to 22 major TV markets and the MLB, NBA and NHL in key local markets, including Chicago and New York, and the combination of live sports coverage with industry-leading data will enhance viewer and fan experience.
The total acquisition price paid by Gracenote for Infostrada Sports, SportsDirect and Covers was approximately $54 million, subject to customary adjustments.
Gracenote, Inc., provides music and video content and technologies to the world’s hottest entertainment products and brands. Gracenote is the industry standard for music and video recognition and is supported by the largest source of music and video metadata, featuring descriptions of more than 200 million tracks and TV listings for 65+ countries. Gracenote is a subsidiary of Tribune Media Company (NYSE: TRCO) and has offices around the globe. For more information, visit our website www.gracenote.com or follow us at @GracenoteTweets and www.facebook.com/PoweredbyGracenote.
Gracenote is a registered trademark of Gracenote, Inc. All other names are trademarks and/or registered trademarks of their respective owners.
About Tribune Media
Tribune Media Company(NYSE: TRCO) is home to a diverse portfolio of television and digital properties driven by quality news, entertainment and sports programming. Tribune Media is comprised of Tribune Broadcasting’s 42 owned or operated local television stations reaching more than 50 million households, national entertainment network WGN America, available in approximately 73 million households, Tribune Studios, and Gracenote, one of the world’s leading sources of TV and music metadata, powering electronic program guides in televisions, automobiles and mobile devices. Tribune Media also includes Chicago’s WGN-AM, and the national multicast networks Antenna TV and THIS TV. Additionally, the Company owns and manages a significant number of real estate properties across the U.S. and holds other strategic investments in media. For more information please visit www.tribunemedia.com
Cautionary Statement Regarding Forward-Looking Statements
Certain disclosures in this press release include certain “forward-looking statements” within the meaning of the federal securities laws that are based largely on our current expectations and reflect various estimates and assumptions by Tribune Media Company (the “Company”). Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results and achievements to differ materially from those expressed in such forward-looking statements, and are in some instances beyond our control. Such risks, trends and uncertainties include those described under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission on, including among other things, the Company’s expectations with respect to the acquisitions of Infostrada Sports and SportsDirect, and other events beyond our control that may result in unexpected adverse operating results. The words “may,” “might,” “will,” “could” “should,” “estimate,” “project,” “plan,” “anticipate,” “expect,” “intend,” “outlook,” “seek,” “designed,” “assume,” “implied,” “believe” and similar expressions generally identify forward-looking statements. Whether or not any such forward-looking statements are in fact achieved will depend on future events, some of which are beyond the control of the Company. Readers are cautioned not to place undue reliance on such forward-looking statements, which are being made as of the date of this press release. Any forward-looking information presented herein is made only as of the date of this press release we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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