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David Levy Joins Raine Group as Senior Adviser – Variety

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David Levy, the previous president of WarnerMedia’s cable and sports activities belongings, has joined The Raine Group, an funding financial institution that focuses on the expertise, media and telecommunication sectors. He’s anticipated to assist Raine determine and execute funding and advisory alternatives, and shall be based mostly in New York.

“The Raine Group is a pacesetter on this planet of recent sports activities content material, and I’m thrilled  to be part of the agency as they work carefully with leagues, conferences, and group
house owners round progressive alternatives and new enterprise concepts, in addition to assist  Raine proceed to develop their portfolio’s broadcasting and digital media choices,”
stated Levy, in a ready assertion. “I imagine {that a} new wave of innovation is simply starting, and it’s thrilling  to be part of a agency on the forefront of that motion.”

Levy had an extended profession at Time Warner, the place he supervised the corporate’s U.S. portfolio of TV networks, promoting gross sales and distribution. He additionally constructed the corporate’s sports activities portfolio, serving to to barter offers with the NCAA, PGA, NBA and MLB.

“I’ve been lucky to know David for over 25 years and witnessed his large affect on the sports activities and  leisure trade,” stated Joe Ravitch, a co-foudner of Raine. “David’s historical past of innovation, execution and profitable  investing within the house, alongside together with his sturdy observe report in digital media and new  enterprise fashions, will assist Raine stay on the reducing fringe of this new chapter in our industries.”

The Raine Group has expertise within the sports activities advisory and investing sectors.  The agency was not too long ago appointed by FIFA to help with its plans for the Membership World
Cup, helped Manchester Metropolis increase $500 million from Silver Lake, suggested Endeavor on its acquisition of On Location Experiences and labored with FC Cincinnati to boost
$100 million from Meg Whitman. Raine has invested in firms resembling DraftKings, Beachbody, Thrill One Leisure, Premier Lacrosse League and Reigning Champs.

“David is a  legendary determine in sports activities and media who brings a inventive, forward-thinking  method to alternatives and drawback fixing,’ stated Colin Neville, a Raine accomplice who oversees its sports activities efforts. ” We’re excited to accomplice with  David and know he shall be a significant asset for our portfolio firms and purchasers.”

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