TLDR:
- Range Media receives investment from Verance Capital to grow its sports arm.
- Verance’s chief, Lyle Ayes, sees Range as a leader in sports and entertainment.
Talent representation and content production company, Range Media, has secured a venture capital investment from Verance Capital, a sports and media specialist. The investment, undisclosed in size, aims to support Range in expanding its sports division. Verance Capital’s chief, Lyle Ayes, who previously held positions at RedBird Capital and LionTree, expressed admiration for Range’s impact in the industry. Ayes emphasized the natural partnership between the two entities, given Verance’s expertise in sports and entertainment.
Range Media, established in 2020 by Hollywood agents, has garnered significant attention, particularly for its sports arm, Range Sports, launched in 2022. The sports division boasts an impressive roster of clients, including sprinter and Olympic gold medalist Gabby Thomas and the New York Mets. With a focus on acquiring growth-stage companies within various sports sectors, Range Media looks to position talent as the core of its content production strategy.
Noteworthy investors in Range Media include Steve Cohen, owner of the New York Mets, A+E Networks, and David Bonderman, owner of the Seattle Kraken. Verance’s investment in Range Media underscores the growing interest in sports content and talent representation within the entertainment industry.
